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| Exchange Disseminated Time | Gujarat State Petronet Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 09, 2012, inter alia, has approved the following;
1. The Board has approved increase in borrowing limits under section 293 (1)(d), creation of charge/security in favor of lenders u/s 293 (1) (a) and increase in investment limits under section 372A of the Companies Act, 1956, subject to the approval of the Members by way of passing of the Ordinary/Special Resolution through Postal Ballot.
2. The Board has approved Postal Ballot Notice along with Postal Ballot Form containing the Ordinary/Special Resolutions for increase in borrowing limits under section 293 (1)(d), creation of charge/security in favor of lenders u/s 293 (1)(a) and increase in investment limits under section 372A of the Companies Act, 1956. |
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