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| Exchange Disseminated Time 18/04/2016 13:53:40 | Magnum Ventures Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2016, inter alia, to discuss & conduct following business:
1. To take note of exit from CDR Scheme.
2. To take the approval from the Board for cancellation of the non-convertible debentures of Rs. 34.12 crores issued under the CDR package.
3. To discuss not to pledge promoters' share to make 100% pledge as per CDR package.
4. To discuss the expected contingent liability on account of national interest.
5. To discuss the assignment / takeover of Oriental Bank of Commerce outstanding by Alchemist Asset Reconstruction Company (AARC) and its treatment in accounts of the Company.
6. To discuss the assignment / takeover of Allahabad Bank outstanding by Alchemist Asset Reconstruction Company (AARC) and its treatment in accounts of the Company. |
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