|
| Exchange Disseminated Time | Aplab Ltd has informed BSE that the members of the Company will consider to approve the following resolutions, by way of Postal Ballot:
1. For borrowing from time to time any sum or sums of money for the purpose of business of the Company with or without offering security by way of mortgage, charge, hypothecation or pledge of the Company’s assets, whether movable or immovable, present or future, and upon such terms and conditions as the Board of Directors may deem fit, notwithstanding that the monies so borrowed by the Company together with the moneys already borrowed (apart from temporary loans obtained / to be obtained from Company’s bankers in the ordinary course of business) may exceed at any time the aggregate of paid-up capital of the Company and its free reserves, which are not set apart for any specific purpose, provided that the total amount so borrowed shall not at anytime exceed the limit of Rs. 50,00,00,000 (Rupees Fifty Crores only), subject to necessary provisions & approvals.
2. To creating security to secure the borrowings present and future and funded/non funded credit facilities present and future, taken from time to time for the purpose of business of the Company by way of lien, mortgage, charge, hypothecation or pledge of the Company’s assets, whether movable or immovable, present or future, and upon such terms and conditions as the Board of Directors may deem fit, provided that the monies borrowed/to be borrowed, credit facilities- funded/non funded taken, availed /to be taken, availed by the Company together with the moneys already borrowed and credit facilities funded/non funded already taken, availed to be secured in any manner what so ever by company’s assets shall not at any time exceed the limit of Rs. 100,00,00,000 (Rupees One Hundred Crores only).
3. To appoint Mr. Nishith P. Deodhar as Managing Director of the Company for a period of three years with effect from November 01, 2009, on remuneration, terms and conditions.
The Company has appointed Mr. Kalidas Vanjpe, Company Secretary in whole time practice, as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before January 02, 2010. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on or before January 08, 2010. |
|
|