At meeting held on 05 November 2014
IRB Infrastructure Developers announced that the Board of Directors of the Company at its meeting held on 05 November 2014, has:1. Considered various fund raising options and approved the enabling special resolution for the purpose of further issue of securities for an amount not exceeding Rs. 1,500 crore subject to the approval of the Shareholders of the Company and all the requisite approvals as may be required from regulatory authorities and in accordance with the provisions of the applicable laws.
2. Also considered and approved enabling special resolution for increase in borrowing powers of the Company pursuant to section 180(1 )(c) of the Companies Act, 2013.
Accordingly, the Board of Directors of the Company has approved Postal Ballot to be conducted in accordance with the provisions of Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration), Rules, 2014 for above mentioned special resolutions for approval of the Members of the Company.
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