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| Exchange Disseminated Time 07/12/2016 19:44:34 | PNC Infratech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 07, 2016, inter alia, has considered and approved and taken on record the following:-
1. Reviewed the utilization of funds up to September 30, 2016 raised through IPO.
2. Dividend Distribution Policy of the Company in terms of Regulation 43 A of Listing Regulations. The policy is made available on the website of the Company.
3. Mr. Sunil Chawla, Director of the Company has resigned as Nominee Director on account of withdrawal of nomination by NYLIM Jacob Ballas India (FVCI) III LLC (the “Investor”) w.e.f. December 08, 2016.
4. Approved to obtain approval of the members of the Company through Postal ballot for the following items viz.;
- Recommendation for enhancing the borrowing powers of the company u/s 180(1)(c) of the Companies Act, 2013 .
- Recommendation for enhancing the power of board to mortgage, hypothecate, pledge, creation of charge u/s 180(1)(a) of the Companies Act, 2013 . |
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