|
| Exchange Disseminated Time | GTN Textiles Ltd has informed BSE that the members at the 3rd Annual General Meeting (AGM) of the Company held on July 25, 2008, inter alia, have also accorded the following:
1. Re-appointment of M/s. M S Jagannathan & Visvanthan, as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company for auditing the accounts of the Company for the financial year 2008-09, on remuneration, terms & conditions.
2. Authority to the Board for creating such charges, mortgages and hypothecations in addition to the existing charges, mortgages and hypothecations created by the Company, on such movable and immovable properties of the Company wheresoever situate, both present and future and of conferring power to enter upon and to take possession of the assets of the Company in certain events, to or in favour of Central Bank of India, State Bank of India and State Bank of Travancore to secure on pari passu second charge basis:
i) Working Capital facilities aggregating Rs 4580 lacs, lent and advanced by Central Bank of India (CBI) to the Company;
ii) Working Capital facilities aggregating Rs 3280 lacs, lent and advanced by State Bank of India (SBI) to the Company; and
iii) Working Capital facilities aggregating Rs 690 lacs, lent and advanced by State Bank of Travancore (SBT) to the Company. |
|
|