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| Exchange Disseminated Time | Revathi Equipment Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 22, 2008, inter alia, to transact the following:
1. To alter the Memorandum of Association of the Company as below:
The following new clause(s) 68, 69 and 70 be added after the existing clause 67 and be numbered accordingly in clause (c) of the Memorandum of Association under OTHER OBJECTS:
68. To carry on real estate business of all kinds as principals, agents, aggregators, intermediaries, partners, collaborators, dealers, engineers, contractors, architects, developers, investors in land, buildings, farm houses or any immovable property, consultants or otherwise and to develop, lay outs, make, construct, prepare estimates and specifications, houses, flats, shops, apartments, offices, factories, hospitals, hotels, restaurants, clubs, places of worship, places of amusement, multiplex, commercial complex, markets, townships, roads, docks, slips, sewers, bridges, canals, wells, springs, dams, power plants, pods, airports, reservoirs, embankments, irrigations, reclamations, sanitary water, electrical, telephonic and power supply works and other structural or civil or architectural work of any kind for any purpose thereof and to enter into any arrangement, joint venture, partnership, co-operation, mutual assistance with any person, society, Firm or Company in respect of any of the aforesaid businesses.
69. To lend, advance, invest or deal with the monies and assets of the Company, not immediately required, in such a manner as may from time to time be determined and to deal with shares, stock, bonds, debentures, obligations and other securities of any Company or in any other form and take part in formation, supervision or control of finance / investment Company, business of financiers, and commercial agents.
70. To carry on the business of refinancing of all operations, rediscounting bills, securitization, acquire / assignment of financial assets and to make investment in or take part in the formation, supervision or control of securitization Companies / Asset reconstruction Companies.
2. Commencement of new businesses as enumerated in the newly introduced sub clauses 68, 69 and 70 of Object clause III(c) of the Memorandum of Association of the Company as amended upon the sub-clause becoming effective, subject to necessary provision and approvals.
3. To mortgaging and / or charging by the Board of Directors of the Company all or any of the movable or immovable properties both present and future wheresoever situate and / or the whole or substantially the whole of the undertaking or the undertakings of the Company for securing any loan obtained or as may be obtained from any bank or financial institution, or person or persons together with interests, costs, charges, expenses or any other money payable by the Company, subject to necessary provisions & approvals. |
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