LGB FORGE LTD. - Outcome of Board Meeting

LGB Forge Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 01, 2014, inter alia, has recommended to seek the consent of the Members of the Company for the following businesses, by way of Postal Ballot<br/><br/>1. Approval for borrowing power in excess of paid-up capital and free reserves pursuant to Section 180 (1) (c) of the Companies Act, 2013 in the place of the erstwhile approvals Under Section 293 (1)(d) of the Companies Act, 1956.<br/><br/>2. Approval for creation of charge / mortgage etc, on Company's movable or immovable properties in terms of Section 180 (1) (a) of the Companies Act, 2013 in the place of the approval Under Section 293 (1)(a) of the Companies Act, 1956.<br/><br/>3. Approval of the members u/s 188 of the Companies Act, 2013 to have transactions with Related Parties.