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| Exchange Disseminated Time | Manaksia Ltd has informed BSE that the Board of Directors of the Company at Its meeting held on January 30, 2012, inter-alia, have considered and approved the Postal Ballot Notice for seeking the shareholders consent for the following matters:
1. Increase in borrowing powers from Rs. 750 crores to Rs. 1500 crores as per Section 293(1) (d) of the Companies Act 1956.
2. To create charge/mortgage on the assets of the Company as security for the enhanced borrowings as per Section 293(1)(a) of the Companies Act, 1956. |
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