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| Exchange Disseminated Time | Swan Energy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 04, 2013, inter alia, has accorded its consent to the following matters, to be passed by the members of the Company through Postal Ballot pursuant to Section 192A of the Companies Act, 1956:
1. Split / Sub-Division of the Face Value of Equity Shares of the Company from Rs 2/- per share to Rs 1/- per share and consequential changes in the Memorandum & Articles of Association of the Company.
2. Addition of new clause 6(a) in the Articles of Association of the company for enabling the Company to issue any sort of financial instruments to any eligible person.
3. Increase in the Borrowing Limits to Rs. 4,000 crores.
4. Creation of Charge on the properties of the company.
5. Appointment of Mr. Vilas Anant Gangan as Additional Whole-time Director. |
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