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Outcome of board meeting of Balasore Alloys

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Held on 05 December 2017

announced that the Board of Directors of the Company at its meeting held on 05 December 2017 have resolved to take approval of Members of the Company by means of special resolution through Postal Ballot under Section 110 read with section 186 of the Companies Act, 2013 and Rules made thereunder for granting loan(s), giving guarantee(s), providing security(ies) and to make investment(s) together with loan(s) / guarantee(s) / security(ies) already given and investments already made by the Company to other body corporate(s) or person(s) or banks(s) or other financial institution(s) in the ordinary course of business, upto an amount not exceeding Rs. 4,000 crore outstanding at any point of time or upto the limits prescribed under Section 186 of the Companies Act, 2013 whichever is higher.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 20:00 IST
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