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| Exchange Disseminated Time | | IG Petrochemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2014, inter alia, has decided to obtain the approval of the members of the Company by way of Special Resolutions through the Postal Ballot process, pursuant to the provisions of Section 180(1)(c) and 180 (1)(a) of the Companies Act, 2013, respectively for according its consent to the Company, to borrow monies in excess of the paid up capital and free reserves subject to a maximum of Rs. 1000 crores and for creation of charge on the properties of the Company for securing the loans taken from time to time. |
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