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| Exchange Disseminated Time | Himadri Chemicals & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 21, 2009, inter alia, has approved the following:
1. Approved the raising of funds by issue of shares or any other kind of securities or instruments up to Rs 1000 Crores, subject to the approval of the shareholders by means of Special Resolution in terms of Section 81(1A) of the Companies Act, 1956 to be passed through Postal Ballot;
2. Approved the increase of Authorized Share Capital of the Company to Rs 70 Crores subject to the approval of the shareholders by means of passing an Ordinary Resolution in terms of Section 94 of the Companies Act, 196, thorough Postal Ballot;
3. Approved the passing of resolution through Postal Ballot. |
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