|
| Exchange Disseminated Time | BPL Ltd has informed BSE that the shareholders of the Company have passed the following Resolutions, by way of Postal Ballot, with requisite majority:
1. Transfer the Printed Circuit Board (PCB) Business of the Company and lease certain specified plant and machinery and immovable assets consisting primarily of land, buildings and all civil works connected with the PCB Business, to a proposed Joint Venture Company, subject to necessary approvals, if any.
2. To invest in the equity share capital of the proposed Joint Venture, subject to necessary approvals, if any.
3. Issue of upto 15,00,000 equity shares on preferential basis as per SEBI Guidelines for Preferential Issues to M/s. Electro Investment Pvt Ltd, a Promoter Group Company, subject to necessary approvals, if any. |
|
|