Modi Naturals outcome of board meeting

On 08 July 2014

Modi Naturals at the company's board meeting held on 08 July 2014, has proposed to approve the shareholder's consent through postal ballot process for passing the resolutions to authorise the Board of Directors to create charge / mortgage / hypothecation on all or any of the properties of the Company, pursuant to Section 180(1)(a) of the Companies Act, 2013, and to authorise the Board of Directors to borrow in excess of the paid-up Share Capital and Reserves.

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