|
| Exchange Disseminated Time | Kesar Enterprises Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolution relating to create mortgage(s) and / or charge(s) and / or hypothecation(s) in addition to the mortgage(s) and / or charge(s) and / or hypothecation(s) already created by the Company, in such form and manner and with such ranking and at such time and on such terms as the Board may determine, on all or any of the movable and / or immovable properties and assets of all kinds of the Company, both present and future and / or the whole or any part of the undertaking(s) of the Company in favour of the Financial Institution(s) / Bank(s) / Lender(s) / Agent(s) and Trust(s) / Trustee(s) for securing the borrowings availed / to be availed by the Company, by way of loan(s) (in rupee and / or foreign currency) and securities (comprising fully / partly Convertible Bonds / Debentures / warrants / Non Convertible Debentures or other debt instruments) issued / to be issued by the Company from time to time, subject to the limits approved under Section 293(1)(d) of the Act, together with interest, premium (if any) on redemption, all other costs, charges and
expenses and all other monies payable by the Company in terms of the Loan Agreement(s) / Heads of Agreement(s), Debenture Trust Deed(s) or any other document, entered into / to be entered into between the Company and the Lender(s) / Agent(s) and Trust(s) / Trustee(s), in respect of the said loans / borrowings / bonds / debentures / warrants containing such specific terms and conditions and covenants in respect of enforcement of security as may be stipulated in that behalf and agreed to between the Board of Directors or Committee thereof and the Lender(s) / Agent(s) and Trust(s) / Trustee(s), subject to necessary provisions & approvals.
The Board of Directors has appointed Ms. Ragini Chokshi as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before February 25, 2011. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on March 03, 2011. |
|
|