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| Exchange Disseminated Time | Burnpur Cement Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 29, 2011, inter alia, has passed and approved the following:
Resolved that, the Company do obtain various credit facilities either in Indian or foreign currencies to the tune of Rs. 8,70,00,000/- (Rupees Eight crore seventy lakh only) (total of all advance limits ) by way of overdrafts, cash credits, term loans, pre shipment and post-shipment credit, opening of letter of credit, issuing of guarantees, including deferred payment guarantees and indemnities, negotiation, and discounting of demand and / or usance of bills and cheques, inland as well as foreign and such other facilities as may be agreed upon from time to time the Bank and the Company secured by hypothecation of the Company's entire goods, movable and other assets, present and future, including documents of title to goods and other assets such as book-debts, outstanding moneys, receivables, claims, bills, invoices, documents, contracts, engagements, securities, investments and rights and all machinery, present and future, and further secured by deposit of all title deeds of the existing immovable properties of the Company with intent to create a security thereon in favour of the State Bank of India, Asansol Branch or equitable mortgage of the existing immovable properties of the Company. |
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