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| Exchange Disseminated Time | Bajaj Hindusthan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2013, inter alia, has approved seeking consent/approval of shareholders by way of postal ballot for:
1. Authority to Board of Directors to borrow a sum not exceeding Rs. 7500 crore under Section 180(1) (c) of the Companies Act, 2013;
2. Authority to Board of Directors pursuant to Section 180(1)(a) of the Companies Act, 2013 for creation of charges on the moveable and immoveable properties of the Company (both present and future) in respect of borrowings;
3. Issue of further shares by way of QIP, GDR/s, ADR/s, FCCB, etc. under Section 81(1A) of the Companies Act, 1956; and
4. Payment of minimum remuneration to Mr. Shishir Bajaj, Managing Director for a period of 3 years out of the present tenure of 5 years with effect from July 01, 2013, subject to approval of Central Government. |
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