POWER OF ATTORNEY BY A COMPANY
Sandhu Estates Private Limited, CIN X, a company having its registered office at SCO 12, Sector 17-C, Chandigarh 160017 (the "Company"), acting through Amarjit Singh Sandhu, Director, who is authorised by a resolution of the Company's board of directors dated 2 April 2026, a copy of which is attached, appoints, constitutes and nominates:
Jaspreet Singh Sandhu, son/daughter/wife of Sh. Harbans Singh Sandhu, of House No. 22, Phase 3B1, Mohali 160059, who is the Company's Manager (Accounts) (the "Attorney"),
to be the Company's true and lawful attorney, in the Company's name and on its behalf, for the matter described below, upon the terms of this Power.
- 1. WHAT THE ATTORNEY MAY DO
1.1 The Attorney may do the specific acts described below on behalf of the Company: Sign and submit the company’s application for a trade licence and receive the licence from the Municipal Corporation, Chandigarh.
1.2 The offices and authorities involved are: Municipal Corporation, Chandigarh.
1.3 The Attorney shall not commit or pay more than ₹5,00,000 (Rupees Five Lakh only) for the Company under this Power without a fresh written authority from the Company.
1.4 The Attorney has no authority under this Power over any other matter of the Company.
- 2. WHAT THE ATTORNEY MAY NOT DO
2.1 Unless the matter in clause 1.1 expressly says so, the Attorney shall not sell, mortgage, lease or give away any property of the Company, borrow money or give a guarantee for the Company, issue or transfer shares, or sign any document on a matter the board has reserved to itself.
2.2 Every payment shall be made from the Company's own bank account, and every receipt shall be in the Company's name.
- 3. REVOCABLE, AND WHEN IT ENDS
3.1 This is an ordinary power of attorney. The Company may revoke it at any time by written notice to the Attorney, under s.203 of the Indian Contract Act, 1872. It also ends if the Company is wound up or dissolved, or when the matter in clause 1.1 is completed, whatever clause 4 says about its stated duration. It is not a power coupled with an interest.
3.2 The signatory ceasing to be a director or officer of the Company does not end this Power; only a written revocation by the Company does.
- 4. DURATION
4.1 This Power remains valid until the Principal revokes it in writing
- 5. GENERAL
5.1 The Attorney shall act honestly and in the Company's interest, shall report to the Company when it asks, and shall keep a written account of every sum received or paid under this Power.
5.2 The Attorney may not hand this Power over to another person (sub-delegate it).
5.3 This Power is governed by the laws of India, and the courts at Chandigarh alone have jurisdiction over any dispute arising from it. If any provision is held invalid, the rest continues in effect.