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| Exchange Received Time 07/06/2018 16:53:49 Exchange Disseminated Time 07/06/2018 16:53:54 Time Taken 00:00:05 | This is to inform that, the Board of Directors of the Company at their meeting held today i.e on 7th June, 2018 that commenced at 3:00 PM and concluded at 4:30 PM inter-alia has accorded their consent to seek shareholders' approval for the following at the ensuring 71st Annual General Meeting, in addition to the routine business.
1. To make investments or to give loans or to give guarantee(ies) or to provide security(ies) to other companies or body corporates upto Rs. 1000 crores as per provisions of Section 186(3) of the Companies Act, 2013.
2. To borrow funds upto Rs. 1000 crores, from time to time for the business of the Company as per the Section 180(1)(c) of the Companies Act, 2013.
3. To create security on the properties/assets of the Company, both present and future, in favour of lenders as per Section 180(1)(a) of the Companies Act, 2013.
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