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| Exchange Disseminated Time | Hathway Cable & Datacom Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2014, inter alia, has considered and approved:
1. Adoption of new set of Articles of Association of the Company as per the provisions of Companies Act, 2013.
2. Postal Ballot Notice for:
- Authorizing Board of Directors to borrow loans in excess of paid up capital and free reserves up to Rs. 1,600 Crores.
- Authorizing Board of Directors to create charge over the assets of the Company in favour of financial institutions for loans borrowed by the Company up to Rs. 1,600 Crores.
- Authorizing Board of Directors to invest funds of the Company in the shares of other bodies corporate/subsidiaries or give loans or provide any security or guarantee for the same up to 100% of the Free Reserves and securities premium account or Rs. 1,000 Crores, whichever is higher.
3. Appointment of Key Managerial Personnel as per the provisions of Section 203 of the Companies Act, 2013.
4. Renaming of Remuneration Committee as Nomination and Remuneration Committee.
5. Renaming and reconstitution of Shareholders Grievances Committee as Stakeholders' Relationship Committee.
6. Formation of 'Corporate Social Responsibility' Committee.
7. Appointment of Mr. Brahmal Vasudevan, Mr. Sasha Mirchandani, Mr. Sridhar Gorthi and Mr. Devendra Shrotri as Independent Directors for a term of Five Years from the conclusion of the ensuing Annual general meeting. |
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