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| Exchange Disseminated Time | Morarjee Textiles Ltd has informed BSE that the committee of Board of Directors (Postal Ballot) of the company at its meeting held on June 11, 2014, inter alia, has approved the following;:
1. Approved the detailed mentioned hereunder through postal ballot subject to approval of the shareholders by way of passing special resolution.
(a) Increased borrowing limit upto Rs. 700 crores (Rupees Seven Hundred Crores Only) in excess of paid up capital and free reserves of the company pursuant to the provisions of Section 180 (1)(c) of the Companies Act, 2013.
(b) creation Charge and/or Mortgages on the immovable and movable properties and assets, both present and future, under the provisions of Section 180(l)(a) of Companies Act, 2013.
(c) Appointed M/s. Dhrumil Shah & Co., Company Secretary in practice, Mumbai, as Scrutinizer to conduct the Postal Ballot process in fair and transparent manner.
(d) Approved the calendar of Events. |
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