"However if any of the board member objects the move he can raise it in the AGM."
No director objected to the desicions.
Actually, it is about compliances after we recently read this in Guidelines to SS1.
Course of action if all the Directors are interested
No Meeting can be conducted where all or all but one of the Directors are interested and in such a case the proper course of action is to have the matter decided in general meeting by the company.
In the general meeting, the entitlement to vote of the Directors who are also Shareholders should be determined in terms of provisions related to transactions with Related Party under Section 188 of the Act and Secretarial Standard-2 (SS-2).