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| Exchange Disseminated Time | Sujana Towers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2012, inter alia, has considered and approved the following:
1. Making any loan and/or investment and/or giving guarantee and/or providing security U/S 372A of the Companies Act, 1956. subject to the approval of the members of the Company.
2. Shifting of the Registered Office of the Company from Hyderabad to Chennai, subject to the approval of the members of the Company.
3. Reclassification of authorized share capital and alteration of capital clause in Memorandum and Articles of Association of the Company, subject to the approval of the members of the Company.
4. Issue of 10 lakhs Cumulative Redeemable Preference Shares of Rs. 100/- each to Promoters and/or Non-Promoters of the Company, subject to the approval of the members of the Company.
5. Decision to pass the resolutions by the members of the Company through Postal Ballot.
6. Reappointment of Internal Auditors of the Company for the financial year 2012-13. |
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