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| Exchange Disseminated Time 20/02/2017 17:50:02 | Hindustan Everest Tools Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 20, 2017, inter alia, has approved following subject to approval of shareholders in accordance with provision of companies Act, 2013:
1. Borrowing in excess of paid up share capital and free reserves and the create charge and/or mortgage in respect of borrowings in excess of paid up shares capital and free reserves to the extent of Rs. 20,00,00,000/- (Rupees twenty crores only).
2. Sale of substantial assets of the plant of the company at jatheri, Sonepat (Haryana). |
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