“RESOLVED THAT in accordance with the provisions of the Companies Act, 2013, the Articles of Association of the Company, and other applicable laws, the consent of the Board of Directors be and is hereby accorded to pledge (Number of shares) equity shares of (Name of Company whose share are pledged) held by the Company in favor of (Name of Lender / Pledgee), as security for the loan/facility availed or to be availed by (Name of Borrower) from (Name of Lender), on such terms and conditions as mentioned in the pledge agreement draft of which as placed before the Board of Directors is hereby reviewed and approved.
RESOLVED FURTHER THAT [Name and Designation], be and is hereby authorized to execute, sign, and deliver the necessary pledge agreement and such other documents as may be required to effectuate the pledge of shares and to do all such acts, deeds, and things as may be necessary to give effect to this resolution.
RESOLVED FURTHER THAT a certified true copy of this resolution be furnished to (Name of Lender) and other concerned authorities as may be required.”