|
| Exchange Disseminated Time | Veritas (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 02, 2015, inter alia, has considered and approved the following:
1. To issue and allot upto 26,00,000 Equity Shares on preferential basis to M/s Latitude Consultants Limited, in accordance with Chapter VII of the SEBI (ICDR) Regulations, 2009; provisions of Section 42, 62 and such other applicable provisions of Companies Act, 2013; Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014; Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014, Stock Exchange, Central Government and such other regulatory authorities, if necessary, at the price being not lower than the minimum price calculated in accordance with Regulation 76 of SEBI (ICDR) Regulations, 2009.
2. To Increase in the borrowing power of the Company from Rs. 1,500 crores to Rs. 2,500 crores pursuant to section 180 (1) (c) and other applicable provisions, if any, of the Companies Act, 2013.
3. To sell, lease, mortgage, or otherwise dispose off the whole or substantially the whole of undertaking of the company upto 2,500 crores subject to the limits approved under section 180(l)(c) of the Companies Act, 2013.
4. To make investments, extend guarantee, provide security, make inter-corporate loans upto an amount not exceeding Rs.2,500 crores pursuant to section 186 of the Companies Act, 2013.
The aforesaid proposals are subject to the approval of the members of the Company.
5. The Board of Directors hereby authorized Mr. Saurabh Sanghvi, Whole Time Director and/or Mr. Nitin Kumar Didwania, Director and/or Mr. Rajaram Shanbhag, Chief Financial Officer and/or Mr. Mukesh Tank, Company Secretary of the Company to do all such acts, deeds and things that may be required for further issue of share capital, increasing in borrowing limits, sell or lease of properties to secure borrowings, for inter-corporate loans & advances and to convey Members Meeting and/or holding Postal Ballot event as may deem fit for obtaining consent of the members of the Company. |
|
|