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Exchange Disseminated Time | Murudeshwar Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 13, 2008, inter alia, has decided to seek approval of members of the following subjects:
1. Increasing borrowing limits under section 293(1)(d) of the Companies Act, 1956 from the existing Rs 250 crores to Rs 400 crores either by way of term loans, working capital assistance, issue of debentures / notes and / or any other debt instruments as may be deemed fit by the Board of Directors.
2. To create change on the assets of the Company pursuant to Section 293(1)(a) of the Companies Act, 1956 to secure the additional borrowings.
In the above context, pursuant to provision of Section 192A of the Companies Act, 1956, Notice of Postal Ballot will be posted to all the members on or before June 21, 2008. |
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