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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 August 14, 2013, inter alia, has approved the followings:
1. After due discussions and considering the growth requirements of the company, the Board of Directors have decided to increase the Authorized Share Capital from Rs. 50.00 Crores (Rupees Fifty Crores) to Rs. 260 Crores (Rupees Two hundred Sixty Crores) to be divided into 26,00,00,000 (Twenty Six Crores) Equity shares of Rs. 10/- each.
2. The Board of Directors has approved the revised Postal Ballot Notice and Form and has authorized Mr. K. Ramesh, Executive Director cum Compliance Officer to initiative and complete the formalities for Postal Ballot.
3. With the permission of the Chairman of the Board, the Board has approved the appointment of Mr. Guntur Madhava Rao, MSc, (Agriculture), MBA as additional Director of the Company w.e.f. August 14, 2013. |
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