(On the letterhead of Creditors)

__.02.2019

To
The Board of Directors
Madura Coats Private Limited
Bangalore

Dear Sirs,

Sub: Amalgamation of ….with Madura Coats Private Limited - Appointing Representative

to attend Creditors Meeting.

Ref: Notice of Meeting of the Creditors of Madura Coats Private Limited dated
_________

With reference to the above captioned subject, this is to inform you that Mr ……B.Shahul
Hameeth… is hereby appointed by us as our Representative to attend and vote for the
below Resolution at the Creditors’ Meeting including adjournments thereof, to be held for
the purpose of considering the Scheme of Amalgamation of KOR Investments Private
Limited (“Transferor Company”) with Madura Coats Private Limited ( “Transferee
Company”) and their respective Shareholders and Creditors ( “Scheme ”). Mr ………
B.Shahul Hameeth…….. is authorized to speak/vote and do all such acts and deeds as
may be necessary on our behalf. The acts and deeds of the said Mr ………B.Shahul
Hameeth…….. will be binding on us as if the same were done by us for and on behalf of
us.

RESOLUTION:

“RESOLVED THAT pursuant to the provisions of Section 233 and other applicable
provisions of the Companies Act, 2013, the rules, circulars and notifications made there
under (including any statutory modification(s) thereof for the time being in force), and as
per the Memorandum of Association and the Articles of Association of the Company and
subject to the approval of the Hon ’ble Regional Director, South East Region, at
Hyderabad, and subject to such other approvals, permissions and sanctions of regulatory
and other authorities, as may be necessary and subject to such conditions and
modifications as may be prescribed or imposed by the Regional Director or by any
Regulatory or other Authorities, while granting such consents, approvals and
permissions, which may be agreed to, by the Board of Directors of the Company
(hereinafter referred to as the “Board”), the Amalgamation embodied in the Scheme of
Amalgamation between Madura Coats Private Limited ( “Transferee Company ”) and KOR
Investments Private Limited (“Transferor Company ”) and their respective Shareholders
and Creditors (“Scheme”) placed before this Meeting and initialed by Chairman of the
Meeting for the purpose of identification, be and is hereby approved.

RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts,
deeds, matters and things, as it may, in its absolute discretion deem requisite, desirable,
appropriate or necessary to give effect to this resolution and effectively implement the
arrangement embodied in the Scheme and to accept such modifications, amendments,
limitations and/or conditions, if any, which may be required and/or imposed by the
Hon’ble Regional Director, while sanctioning the arrangement embodied in the Scheme or
by any Authorities under Law, or as may be required for the purpose of resolving any
doubts or difficulties that may arise including passing of such accounting entries and /or
making such adjustments in the books of accounts as considered necessary in giving
effect to the Scheme, as the Board may deem fit and proper.”

Thanking You

Yours Faithfully
For ___B.Shahul Hameeth
_________________

Director/Company Secretary

2
 (On The Letterhead of Creditors)

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF

DIRECTORS AT THE MEETING HELD ON ....................................

“RESOLVED THAT consent of the Board be and is hereby accorded to nominate and
authorise Mr. ___________ to act on our behalf to attend and vote at the Creditors
Meeting including adjournments thereof, to be held in respect of the approval of the
Scheme of Amalgamation of KOR Investments Private Limited ( “Transferor Company ”)
with Madura Coats Private Limited (“Transferee Company ”) and their respective
Shareholders and Creditors (“Scheme”).”

CERTIFIED TRUE COPY

For _______________

Authorised Signatory