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| Exchange Received Time 05/03/2018 16:12:15 Exchange Disseminated Time 05/03/2018 16:12:19 Time Taken 00:00:04 | The Board of Directors of the Company at its meeting held on 5th March, 2018 at 3.00 PM and concluded at 4.00PM, inter alia has approved the following:
1) Increase the limits u/s 186(2) of Companies Act, 2013 for extending loans, providing guarantees or giving securities for loans taken by any person or body corporate up to Rs. 300 Crores subject to the approval of Shareholders in the General Meeting.
2) Increase the borrowing limits of the Company upto Rs. 500 crores subject to the approval of Shareholders in the General Meeting
3) Draft of Notice and Explanatory Statement of the Postal Ballot to be dispatched to the Shareholders to seek approval for Increase the limit u/s 186(2) and increase in the aforesaid borrowing limits of the company by means of voting through postal ballot or electronic voting.
4) Appointment of Mr. Rajvirendra Singh Rajpurohit, Practicing Company Secretary as the scrutinizer for the purpose of Postal Ballot.
This is for your information and records.
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