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| Exchange Disseminated Time 26/12/2016 18:48:56 | Jindal Poly Films Ltd has informed BSE that the Board of Directors ("Board") of the Company at their meeting held on December 26, 2016, inter alia, have approved the following matters:
1. Increase in Borrowing Limits of the Company from Rs. 4,000 crore to Rs. 5,000 crore.
2. Creation of Charge on Assets of the Company within increased Borrowing Limits upto Rs. 5,000 crore.
3. Approval of Board for giving consent for issue of further shares by Company's 51% subsidiary - JPF Netherlands to other Investors.
4. Issue of Non-Convertible Debentures by the Company upto Rs. 500 crore.
The above matters will be subject to approval of shareholders as required under various provisions of Companies Act, 2013 as well as under SEBI (LODR), 2015. |
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