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| Exchange Disseminated Time | | Balaji Amines Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed the resolution authorising the Board of Directors ("the Board" which term shall be deemed to include any Committee which the Board may constitute for this purpose) to mortgage, charge and/or Hypothecate, in addition to the mortgages/charges created/to be created by the Company, in such form and manner and with such ranking and at such time and on such terms as the Board may determine, on all or any of the moveable and/or immoveable properties of the Company, both present and future and/or the whole or any part of the undertaking(s) of the Company together with the power to take over the management of the business and concern of the Company in certain events of default, in favour of the Lender(s), for securing the borrowings availed/to be availed by the Company or securities issued/to be issued to, Bank(s), Financial or other institiution(s), Mutual Fund(s), Non-Resident Indians (NRIs), Overseas Corporate Bodies (OCBs), Foreign Institutional Investors (Flls) or any other person{s), body(ies) corporate, etc., whether shareholder of the Company or not (herein collectively referred to as "Lenders") from time to time, subject to the limits approved under Section 293(l)(d) of the Companies Act, 1956, together with interest at the respective agreed rates, additional interest, compound interest in case of default, accumulated interest, liquidated damages, commitment charges, premia on prepayment,, premium {if any) on redemption, all other costs, charges and expenses, including any increase as a result of devaluation / revaluation / fluctuation in the rates of exchange and all other monies payable by the Company in terms of the Loan Agreement(s)/Heads of Agreements), or any other document, entered into/to be entered into between the Company and the Lender(s, in respect of the said loans / borrowings and containing such specific terms and conditions and covenants in respect of enforcement of security as may be stipulated in that behalf and agreed to between the Board of Directors or Committee thereof and the Lender(s), with requisite majority. |
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