|
| Exchange Disseminated Time 13/02/2017 19:13:06 | Pritish Nandy Communications Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2017, has approved the postal ballot notice and schedule of events for postal ballot.
The Board considered and approved the postal ballot notice which entails following resolutions proposed to be passed as special resolutions by shareholders through postal ballot/e-voting:
a. Take approval of shareholders for the conversion of debt into equity after due process in the event of incapability of the Company to repay the debt as required by RBI through SDR (Strategic Debt Restructuring) Scheme.
b. Adoption of new set of Article of Association of the Company as required by and in accordance with the Companies Act, 2013. |
|
|