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TULIP TELECOM LTD. - Outcome of Board Meeting
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13 Aug 2013
Tulip Telecom Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2013, inter alia, have considered and approved the Calendar of events, Notice, and Ballot Form for seeking necessary approvals from the Shareholders of the Company by way of postal ballot in terms of Section 192A of the Companies Act 1956 read with provisions of Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 for the following matters:&lt;br/&gt;&lt;br/&gt;1. Increase in Authorized Share Capital of the Company,&lt;br/&gt;&lt;br/&gt;2. To provide a right of conversion of Working Capital Term Loan (WCTL) and Funded Interest Term Loan (FITL) facilities extended to the Company by the CDR lenders into equity shares of the Company.&lt;br/&gt;&lt;br/&gt;Further the cut-off date for reckoning the voting rights of the shareholders for the aforementioned Postal Ballot shall be taken as August 16, 2013.
View all announcements for TULIP TELECOM LTD. Source: BSE India