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Outcome of board meeting of India Home Loan

Capital Market 

Held on 20 March 2017

announced that the Board of Directors of the Company at their meeting held on 20 March 2017 transacted the following -

1. Granted approval to the Company to borrow money as per section 179 (3) (d) & section 180(1)( c) of the Act.
2. Recommended & approved increase in the managerial remuneration of Mahesh Pujara,MD, as per section 197 read with schedule V of the Act.
3. Recommended & approved increase in the managerial remuneration of Mitesh Pujara,WTD, as per section 197 read with schedule V of the Act.

4. Approved the record date & Notice for postal ballot for approving item no. 1,2 & 3 above.
5. Appointed Ulhas Shetty, of M/s. Ulhas Shetty & Co., Company Secretaries, as Scrutinizer for conducting the Postal Ballot procedure.
6. Took note of prepayment of term loan & authorised Director to file e-form with ROC, Mumbai.
7. Apprised w.r.t the business & operational matters.
8. Approved the Company to invest funds of the Company as per Section 179(3)(e) of the Act.

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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, March 21 2017. 10:58 IST
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