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| Exchange Received Time 31/03/2017 16:44:15 Exchange Disseminated Time 31/03/2017 16:44:20 Time Taken 00:00:05 | | The Board of Directors approved the following: 1.Calling of EGM on Saturday, 29th day of April, 2017. 2.Raising of Funds NCDs/Bonds/Non-Convertible Redeemable Preference Shares ('NCRPs') to the extent of Rs. 50.00 Crores, subject to approval of shareholders. 3.Approved conversion of Unsecured Loan of Promoters and Promoter Group towards adjustment of their entitlement for the proposed Rights Issue, subject to approval of shareholders. 4.Increase in Borrowing limits, subject to approval of shareholders. 5. Increase in limit of charge, subject to approval of shareholders. 6.Category of Mr. Bhagchand Chordia & Mr. Atmaram Sarda has been changed from Independent, Non- Executive Directors to Professional, Non- Executive Directors. 7.Appointment of Mr. Abhishek B. Desai as an Additional Director up to the date of the next Annual General Meeting. 8. Reconstitution of Nomination and Remuneration Committee, Audit Committee and Stakeholders' Relationship Committee |
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