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| Exchange Disseminated Time 08/02/2017 14:26:02 | Dilip Buildcon Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2017, at 11.00 AM and concluded at 02.00 P.M., has transacted the following:
1. To consider and review the utilization of funds raised against the IPO.
2. To consider and approval of EPC Contract for the project "Rehabilitation and Up-gradation of NH-66 (erstwhile NH-17) from km 406/030 to km 450/170 [Kalmath to Zarap section] to four lane with paved shoulder in the state of Maharashtra under NHDP phase - IV on a hybrid annuity basis.
3. To consider and approve the authority to invest funds as a part of promoters contribution in the newly incorporated SPV "DBL Kalmath Zarap Highways Limited" by way of subscribing equity shares of the SPV and providing unsecured loan.
4. To provide undertakings, guarantee and security for loan to be availed by DBL Kalmath Zarap Highways Limited for undertaking the project "Rehabilitation and Up-gradation of NH-66 (erstwhile NH-17) from km 406/030 to km 450/170 [Kalmath to Zarap section] to four lane with paved shoulder in the state of Maharashtra under NHDP phase - IV on a hybrid annuity basis.
5. To consider and approve incorporation of new SPV for the project of "Four Laning of Tuljapur-Ausa (Including Tuljapur Bypass) section of NH-361 from km 0.000 to km 55.835 (existing chainage : km 416.000 to km 470.000) under NHDP phase IV on hybrid annuity mode in the state of Maharashtra and other related matters.
6. To consider and approve e-voting agreement.
7. Facility of Rs. 100.00 Crore to be availed from State Bank of India for the purchase of Construction Equipment Loan.
8. To consider the remuneration of Key Managerial Personnel and senior officer one level the board of directors of the Company. |
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