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| Exchange Disseminated Time | Uttam Sugar Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 28, 2014, has decided to obtain approval of Shareholders of the Company by way of Postal Ballot as per Section 110 of the Companies Act, 2013 read with Rule 22 of Companies (Management and Administration) Rules, 2014 for the following matters:
a. Special Resolution under Section 180 (1) (a) of the Companies Act, 2013 for providing securities / creation of charge on the Assets of the Company etc. in connection with the borrowings of the Company.
b. Special Resolution under Section 180 (1) (c) of the Companies Act, 2013 for exercising the borrowing powers of the Company. |
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