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MAGNUM VENTURES LTD. - Outcome of Board Meeting
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26 Apr 2016
Magnum Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 26, 2016, has:&lt;BR&gt;&lt;BR&gt;1. Took note of exit of the Company from CDR Scheme.&lt;BR&gt;&lt;BR&gt;2. Approved the cancellation of the non-convertible debenture of Rs. 34.12 crores issued under the CDR package.&lt;BR&gt;&lt;BR&gt;3. Discussed and took note of not pledging promoters&apos; share to make 100% pledge as per CDR package.&lt;BR&gt;&lt;BR&gt;4. Discussed and took note of the expected contingent liability on account of notional interest.&lt;BR&gt;&lt;BR&gt;5. Discussed and took note of the assignment / takeover of Oriental Bank of Commerce outstanding by Alchemist Asset Reconstruction Company (AARC) and its treatment in accounts of the Company.&lt;BR&gt;&lt;BR&gt;6. Discussed and took note of the assignment / takeover of Allahabad Bank outstanding by Alchemist Asset Reconstruction Company (AARC) and its treatment in accounts of the Company.&lt;BR&gt;&lt;BR&gt;7. Took note of disclosure of interest by directors under Section 184 and 164(2) of the Companies Act, 2013.&lt;BR&gt;&lt;BR&gt;8. Took note of affirmation to code of conduct from Directors.&lt;BR&gt;&lt;BR&gt;9. Took note of affirmation to code of conduct from Senior Management Personnel.&lt;BR&gt;&lt;BR&gt;10. Took note of affirmation to code of conduct for Prohibition of Insider Trading.
View all announcements for MAGNUM VENTURES LTD. Source: BSE India

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