67.

(ii) any transfer of shares on which the Company has a Lien.

No fees shall be payable in respect of Transfer or transmission of shares.

*Altered pursuant to conversion of the Company from private to public approved vide special resolution passed
at the Extraordinary General Meeting held on 30.04.2018

Forfeiture of shares

68.

69.

70.

If a Shareholder fails to pay any call or installment of a call on the day appointed for payment thereof, or
within the extended time fixed thereof, the Board may, at any time thereafter, during such time as such
money remains unpaid, serve a notice on him requiring payment together with any interest which may
have accrued.

The notice aforesaid shall:

a. name a further day (not less than 14 days from the date of notice) at which the money is to be
paid; and
b. state that in the event of non-payment within the stipulated time the shares in respect of which

the same is owing will be liable to be forfeited.

If the requisitions of any such notice as aforesaid are not complied with, every or any share in respect of
which the notice is given may, at any time thereafter, before payment of all calls, installments, allotment
moneys, interest or expenses due in respect thereof, be forfeited by a resolution of the Board to that
effect. Such forfeiture shall include all dividends declared in respect of the forfeited shares and not
actually paid before the forfeiture.

Authority of Board and Management

71.

Subject to the provisions of these Articles and the Act, the Board is entitled to exercise all the powers of
the Company and shall collectively be responsible for making policy decisions pertaining to the
management of the affairs of the Company. The powers and responsibilities of the Directors of the
Company shall be according to the Act, and in Table 'F' thereof except in so far as they stand modified
by the provisions of these Articles.

Board Composition

72.

73.

The number of Directors shall not be less than 5 (five) or more than 12 (twelve) and the Directors shall
be appointed within these limits from time to time. The Board shall always have at least 1 (one)
Independent Director.

The following director shall be Director for life, unless they resign or vacate office as per the provisions
of the Act:

Sri. S.Ravi

Any other Director or Directors may be appointed by a resolution of the Board or by the Company in its
General Meeting and such Director so appointed shall hold office for such period and upon such terms
and conditions as may be stated in such resolution. The Board may also appoint Additional Directors in
accordance with the provisions of the Act.

No Share Qualification

74.

Any person, whether a Shareholder or not, may be appointed as a Director. No qualification by way of
holding shares in the capital of the Company shall be required of any Director.

422
