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| Exchange Disseminated Time | Bambino Agro Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 06, 2014, has considered to seek the approval of members through postal ballot (including e-voting) for certain items under Companies Act, 2013 viz.
1. Power to mortgage and/or charge on the properties of the Company for securing loans etc., pursuant to Section 180 (1) (a) by way of a Special Resolution in supersession of the resolution passed under the old Companies Act.
2. Power to make investments, give loans, provide guarantee or security under Section 186 of the Companies Act, 2013 by way of Special Resolution .
3. Power to borrow monies beyond the paid-up capital and free reserves pursuant to Section 180 (1) (c) by way of a Special Resolution in supersession of the resolution passed trader the old Companies Act.
4. Continuation of office of Mr. M. Kishan Rao as Chairman and Managing Director of the Company upto November 25, 2015 without remuneration in accordance with Section 196(3)(a) of the Companies Act, 2013. |
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