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| Exchange Disseminated Time 28/10/2016 16:30:00 | Dilip Buildcon Ltd has informed BSE the Board of Directors of the Company at its meeting held on October 28, 2016 at 2.00 p.m. and concluded at 4.00 p.m., has transacted the following:
1. Considered and approved the proposed related party transaction.
2. Considered and reviewed the utilisation of funds raised through the IPO.
3. Considered and approved the appointment of Internal Auditor.
4. Considered and approved the enhancement of power of Business Development Committee and renaming of the Committee as Business Development and Administration Committee.
5. Taken on record the enhancement in Working Capital Facility from Rs. 1070.00 Crores to Rs. 1270.00 Crores taken from Punjab National Bank and from Rs. 440.00 Crores to Rs. 700.00 Crores taken from Canara Bank
6. Taken on record pledge of additional shares held in Jalpa Devi Tollways Limited for the loan availed by jalpa devi Tollways Limited (SPV).
7. Considered and Approved the Financial Assistance by way of term loan facility of Rs. 100.00 Crore to be availed from Aditya Birla Finance.
8. Approval of EPC Contract for the project "4-laning of the Lucknow - Sultanpur section of NH-56 from 11.500 km to 134.700 km in the state of Uttar Pradesh under NHDP Phase - IV on Hybrid Annuity Basis".
9. Authorised to invest funds in DBL Lucknow Sultanpur Highways Limited (SPV) by way of subscribing to Equity Shares of the SPV and providing unsecured loan.
10. Providing undertakings, guarantee and security for loan to be availed by DBL Lucknow Sultanpur Highways Limited (SPV).
11. Changed the directorship status of Mr. Naval Jawharlal Totla from Nominee Director to Non-Executive Director
12. Considered and approved the appointment of Secretarial Auditor for the Financial Year 2016-17. |
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