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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 February 17, 2016, have transacted the following business:
- Considered and approved the execution of Mortgage directly by the Company in favour of M/s.ECL Finance Limited, Mumbai/the Trustees appointed by them in this behalf on the property of 14.06 acres of land located at Perambur Barracks Road, Chennai, which is under sale to M/s.KLP Projects Private Limited, Chennai (formerly known as M/s.Landmark Barracks Projects Private Limited), for the loan facilities being extended by M/s.ECL Finance Limited to M/s.KLP Projects Private Limited, subject to the approval of the shareholders u/s 180(1) (a) and 186 of the Companies Act, 2013 through Postal Ballot. |
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