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| Exchange Disseminated Time | Den Networks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2013, inter alia, have alia considered and approved:
1. Increase in Borrowing Powers of the Company from existing Rs. 1000 crores to Rs. 2000 crores and creation of charge on assets of the Company;
2. Modification of Objects of the Initial Public Offer ("IPO") as mentioned in the Prospectus dated November 05, 2009;
3. Increase in managerial remuneration of Mr. Sameer Manchanda, Chairman Managing Director.
It has been decided that Shareholders Approval for matter 1 to 3 as mentioned above shall be taken through Postal Ballot, in accordance with Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2011. |
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