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| Exchange Disseminated Time | Linaks Microelectronics Ltd has informed BSE that Extra Ordinary General Meeting (EGM) of the members of Company will be held on April 20, 2010, inter alia, to transact the following business:
1. To accord its consent for the sale, lease or otherwise disposal of the whole or substantially the whole of the undertaking or unit(s) or assets of the Company whether in totality or in part to any person or persons including mortgaging the assets of the Company to the Banks Financial Institutions etc. for securing Loans to be provided to the Company, if any, either in one tranche or in a phased manner or otherwise over a period of time, as the Board of Directors of the Company may deem fit and proper.
2. To borrow long Term / Short Term Loan or working capital facilities whether fund based or otherwise from Banks, Financial Institutions etc. or any consortium thereof of persons / companies upto the limit of Rs. 10.00 Crores (Rupees Ten Crores only) from time to time on the terms and conditions as may be decided and agreed between the Banks, Financial Institutions, lenders, etc. or any consortium thereof and Board of Directors of the Company, subject to necessary provisions & approvals.
3. For the commencement of business of dealing / transacting in real estate business as provided in Clause No. 9 of the Other Objects Clause of Memorandum of Association of the Company.
4. To the appointment of Sri. Anil Kumar Singh as Managing Director of the Company for a period of five (05) years with effect from February 20, 2010, on remuneration, terms & conditions. |
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