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| Exchange Disseminated Time | Shivam Autotech Ltd has informed BSE that the members of the Company, by way of Postal
Ballot, have passed the following Ordinary Resolutions, with requisite majority on June 11, 2007:
1. To exercise borrowing powers under Section 293(1)(d) of the Companies Act, 1956 upto Rs 200 crores.
2. To create mortgage and / or charge and / or to hypothecate all the immovable and movable properties of the Company under Section 293(1)(a) of the Companies Act, 1956 upto Rs 200 crores, in favour of all or any of the future lenders ("Financial Institutions and Banks"). |
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