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| Exchange Disseminated Time | CTIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2014, have considered and taken on record the following decisions:
1. The Board has considered and approved the plans for raising funds through GDR’s upto US $50.00 Million for funding various business projects of the Company including the acquisition of the equity capital of Indian/Foreign companies.
This is subject to approval of the shareholders of the Company.
2. The Board has approved the Postal Ballot Notice and Form, for the above purpose and has authorized Mr. K. Ramesh, Executive Director cum Compliance Officer and/ or Mr. N. V. Simhadri, Director of the Company to take necessary initiatives and complete the formalities for Postal Ballot and all others that may be necessary for raising the above funds.
3. Mr. Sanjeev Sharma has been appointed as Additional Director on the Board of Directors of the Company. |
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