HT Media Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 25, 2014, inter alia, has decided to seek approval of the shareholders through postal ballot on the following matters:<br/><br/>1. borrowing(s) in excess of aggregate of paid-up capital and free reserves (u/s 180(1)(c) of the Companies Act, 2013); and<br/><br/>2. mortgage, hypothecation and/or charge etc., immovable/movable properties of the Company in favour of banks/financial institutions (u/s 180(1)(a) of the Companies Act, 2013).
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