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| Exchange Received Time 12/07/2018 11:19:12 Exchange Disseminated Time 12/07/2018 11:19:17 Time Taken 00:00:05 | Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, a meeting of the Board of Directors of the Company is proposed to be held on Friday, 20th July, 2018 to, inter alia, consider and approve:
(a) raising of funds through preferential issue of equity shares or any other permitted instrument by the Company pursuant to Section 42 and Section 62(1)(c) and all other applicable provisions, if any, of the Companies Act, 2013 and rules made there under (including any statutory modification), subject to such regulatory/statutory approvals, as may be required, including approval of the shareholders of the Company (Fund Raising); and
(b) draft notice of postal ballot to be issued to the shareholders for seeking their approval for:
I. the proposed Fund Raising;
II. increasing the existing limit for creation of charge on the assets of the Company by way of mortgage/ hypothecation/charge over all or any part of the movable and/or immovable properties from Rs. 2,000 crores to Rs. 2,700 crores under section 180 (1)(a) of the Companies Act, 2013.
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