|
| Exchange Disseminated Time | Bajaj Hindusthan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 25, 2014, inter alia, has considered seeking necessary approval of shareholders the following by way of postal ballot :
1. Restructuring Scheme under JLF Mechanism
2. Increase in borrowing power of the Board upto an aggregate amount of Rs. 11,000 crore pursuant to Section 180(1)(c) of the Companies Act,
3. Creation of Security or charge on all or any of fixed assets of the Company u/s 180(1)(a) up to an amount not exceeding borrowings within overall limit u/s 180(1)(c)
4. Further issue of shares under section 62(3) of the companies Act, 2013 upon conversion of loan for the Funded Interest Term Loan (FITL) portion in accordance with the Restructuring scheme. |
|
|