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| Exchange Disseminated Time | Jayaswal Neco Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 07, 2011, inter alia, have approved the following Special Resolution :
1. Enhancement in Borrowing Powers of the Company up to Rs. 5000 Crores under Section 293 (1)(d) the Companies Act, 1956.
2. Authority to Board of Directors under Section 293 (1)(a) of the Companies Act, 1956, to charge / mortgage immovable and movable properties of the Company to secure the above said enhanced Borrowings Powers up to Rs. 5000 Crores.
3. Appointment of Shri Arbind Jayaswal as Managing Director for a period of 3 years commencing from January 01, 2011.
4. Appointment of Shri Ramesh Jayaswal as Joint Managing Director for a period of 3 years commencing from January 01, 2011. |
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