|
| Exchange Disseminated Time | Shree Renuka Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014, inter alia, has considered and approved :
1. The Notice for conducting Postal Ballot, pursuant to Section 110 of the Companies Act, 2013 for obtaining shareholders approval by way of passing a Special Resolution for:
• Increase in the existing limit of Rs. 2,400 Crores to Rs. 4,800 Crores for Creation of charge under Section 180(1)(a) of the Companies Act, 2013.
• Increase in the existing limit of Rs. 1,200 Crores to Rs. 2,400 Crores for making loan, giving guarantee, providing security and to invest/acquire securities pursuant to the provisions of Section 186 of the Companies Act, 2013.
2. To call off the proposed scheme of amalgamation of Renuka Commodities DMCC into Shree Renuka Sugars Limited. |
|
|