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| Exchange Disseminated Time 12/08/2016 18:14:31 | Orient Press Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2016, inter alia, has considered and approved the following matters/items:-
1. Approved subject to the approval of Members in ensuing Annual General Meeting and pursuant to provisions of Section 180(1)(c) of the Companies Act, 2013, to borrow in excess of paid up share capital & free reserves of the Company but subject to a limit of Rs. 90 Crores.
2. Approved subject to the approval of Members in ensuing Annual General Meeting and pursuant to provisions of Section 180(l)(a) of the Companies Act, 2013 for creation of mortgage, charge and hypothecations for the aggregate value not exceeding Rs. 90 Crores , as security on the company's properties in favour of Financial institutions. Investment Institutions and their subsidiaries, banks, mutual funds, trusts, NBFC, other bodies corporate or other entities.
3. Approved subject to the approval of Members in ensuing Annual General Meeting and pursuant to provisions of Section 94(1) of the Companies Act, 2013 to Keep Register of Members at the office of its Registrar and Share Transfer Agent M/s. Universal Capital Securities Pvt. Ltd. (Formerly known as Mondkar Computers Pvt. Ltd), 21 Shakil Niwas. Opp. Satya Saibaba Temple, Mahakali Caves Road, Andheri (East) Mumbai 400 093 instead of keeping and maintaining the same at the Registered Office of the Company.
4. The cut-off date for the purpose of voting will be September 17, 2016.
The Company is providing electronic voting (remote e-voting) facility to the members through electronic voting platform of Central Depository Services (India) Limited (CDSL). Members holding share either in physical or demat mode as on the cut-off date i.e. September 17, 2016 may cast their vote electronically on the resolutions included in the Notice of Annual General Meeting.
The remote e-voting period shall commence on September 21, 2016 at 9.00 a.m. (IST), and shall end on September 23, 2016 at 5.00 p.m. (IST).
5. Ms. K. Lata Jain has been appointed as Company Secretary and Compliance Officer of the Company w.e.f. August 13, 2016.
6. Dividend as recommended by the Board of Directors at its meeting held on May 28, 2016, if declared at the ensuing AGM will be paid on or after 26th September, 2016 but within thirty days from the date of Annual General Meeting to those shareholders whose name appear in the Register of Members/List of Beneficial Owners maintained by the Depositories as on September 17, 2016.
7. Approved Circular for fixed deposit to be sent to the Members of the Company. |
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