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D B Corp Ltd - Outcome of Board Meeting
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20 May 2016
D. B. Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2016, has transacted the following business:&lt;BR&gt;&lt;BR&gt;1. Considered and approved increase in the ceiling on Company&apos;s Foreign Shareholding from existing 20% to 26% as allowed under FEMA guidelines read with MIB&apos;s FM Radio Phase III guidelines and Print guidelines, subject to member&apos;s approval by way of a Special Resolution.&lt;BR&gt;&lt;BR&gt;2. Approved seeking of shareholders consent for the above by way of conducting of postal ballot process under Section 110 of the Companies Act, 2013 read with rules made thereunder instead of convening an Extra-Ordinary General meeting as earlier proposed.&lt;BR&gt;&lt;BR&gt;3. Fixed May 20, 2016 as the Record Date / Cut-off Date for determining the eligibility of shareholders entitled to vote through postal ballot and e-voting.&lt;BR&gt;&lt;BR&gt;A copy of the postal ballot notice and the form will be sent in due course.
View all announcements for D B Corp Ltd Source: BSE India