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| Exchange Disseminated Time | Satra Properties India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2014, has transacted the following business:
1. To seek the approval of Shareholders through Postal Ballot for the following businesses and the Board also approved the Notice, Postal Ballot Form, etc,
• Borrowing powers of the Board
• Creation of charges on the Company's properties
• To offer or invite for subscription of Non-Convertible Debentures on private placement basis
• To make loans or investment and to give guarantee or provide security in connection with a loan made under section 186 of the Companies Act, 2013
2. The Board has appointed Mr. Dharmesh Zaveri, Practicing Company Secretary, Mumbai as scrutinizer for the Postal Ballot.
3. Allotment of 100 Nos. of 18% Secured Redeemable Non-Convertible Debentures of Face Value of Rs. 1,00,000/- (Rupees One Lac Only) each redeemable at par on a private placement basis. |
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