Unitech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014, inter alia, <br/>has transacted the following:<br/><br/>1. Dr. P. K. Mohanty, aged 79, a Non Executive Director of the Company, resigned from directorship due to his health concerns. The Board accepted his resignation acknowledging his long association with the Company and appreciated his valued co-operation and support during last four decades.<br/><br/>2. In the above Board Meeting the Board has also reduced the total borrowing limits of the Company from Rs. 15,000/- Crores to Rs. 7,500/- Crores with corresponding limits to mortgage/charge the property of the Company and recommended the same for the approval of members of the Company in the ensuing Annual General Meeting.
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