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| Exchange Disseminated Time | Sujana Towers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2016, inter alia, has considered and approved the following:
1. Increase in the authorized share capital of the Company from Rs. 100 crores to Rs. 180 crores subject to the approval of members of the Company.
2. A resolution considering the action taken by the Lenders of the Company stipulating the invocation of the provisions of SDR Circular under Strategic Debt Restructuring Scheme (SDR) formulated by Reserve Bank of India vide Circular dated June 08, 2015 and/or Circular September 24, 2015, subject to the approval of the members of the Company through postal ballot and subject to approvals, permissions, sanctions and consents as may be necessary from any regulatory or other appropriate authorities.
3. Draft notice of postal ballot and other items of business with respect to the postal ballot process. |
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