Corporate Announcement
Security Code : 532924    Company : KOLTEPATIL    
 
Outcome of Board Meeting 
  Exchange Disseminated Time     
Kolte-Patil Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 10, 2015, has approved the following agenda item, which are subject to the members approval of the Company, by way of a postal ballot u/s 110 of the Companies Act, 2013 ('the Act') and Rules framed thereunder:

A notice of Postal Ballot, regarding revalidate the earlier limit by shareholders for Issue Non-Convertible Debentures (NCDs) up to Rs. 130 Crores through private placement in various tranches; and the Object of the issue of debentures (Non-Convertible Debentures) to utilise proceeds for General Corporate purposes.
 

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