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| Exchange Disseminated Time | Binny Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2015, inter alia, has transacted the following business:
1. Approved the alteration in object clause of Memorandum of Association (MOA) of the Company for entering into and carrying out Real Estate activities, subject to the approval of the shareholders by way of Special Resolution through Postal Ballot in accordance with applicable provisions under regulatory framework.
2. Approved the proposal to enter into an agreement with M/s. Binny Mills Limited (related party) for purchase of 2 acres of land being owned by them subject to the approval of the shareholders by way of Special Resolution through Postal Ballot in accordance with applicable provisions under regulatory framework.
3. Approved arid adopted Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPST) and Code of Conduct to regulate, monitor and report trading by Insiders under SEBI (Prohibition of Insider Trading)
Regulations, 2015. |
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