GAYATRI PROJECTS LTD. - Outcome of Board Meeting
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| 26 Jul 2014 | |
| Gayatri Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 26, 2014, inter alia, has approved, pursuant to Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, the following matters by way of shareholder's approval through postal ballot:<br/><br/>1. Increasing the Borrowing Powers of the Company and Creation of Security on the Properties of the Company from Rs. 7000.00 Crs to Rs. 9,000.00 Crs.<br/><br/>2. Raising of funds up to Rs. 300 Crores through issue of securities.<br/><br/>3. Increase in Authorised Share Capital of the Company from Rs. 40.00 Crs to Rs. 80.00 Crs and necessary amendment to the Memorandum of Association of the Company.<br/><br/>4. Increasing FII / FPI Investment Limits in the Company.<br/><br/>5. Amendment to the Articles of Association of the Company as per the Companies Act, 2013. | |
| View all announcements for GAYATRI PROJECTS LTD. | Source: BSE India |
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