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| Exchange Disseminated Time 30/01/2017 17:41:19 | Vora Constructions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2017 which commenced on 5.00 pm, inter alia, transacted the following :
1. Appointment of Ms. Amruta Kothari & Associates, Practicing Company Secretary as the Scrutinizer of the Voting process of Preferential Issue of Equity Shares.
2. Adoption of New Article of Association and New Set of Memorandum of Association as per Section 14 and Section 13 and all other applicable provisions of the Companies Act. 2013 read with Companies (Incorporation) Rules, 2014.
3. Change in Objects Clause of Memorandum of Association pursuant to Section 13 of the Companies Act. 2013 and the rules framed thereunder.
4. Reclassification of Promoters pursuant to Regulation 31 A(5) and other relevant provisions of SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015 and applicable provisions if any of the Companies act, 2013 for acquiring equity shares of the Company subject to the allotment of equity shares under Preferential Issue and completion of Open Offer.
5. Increase in Borrowing Limits from Rs. 25 Crores to Rs. 200 Crores or the aggregate of the Paid up Capital and Free Reserves of the Company, whichever is higher.
6. Increase in the Authorized Share Capital of the Company and Consequent Alteration in the Memorandum of Association of the Company.
7. Postal Ballot Notice of Extra Ordinary General Meeting of the Company to be convened at the Registered office of the Company on Friday, March 03, 2017 AT 9.30 A.M. |
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