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Outcome of board meeting of HT Media

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Capital Market

Held on 25 July 2014

HT Media announced that the Board of Directors of the Company at its meeting held on 25 July 2014, inter alia, has decided to seek approval of the shareholders through postal ballot on the following matters:

1. borrowing(s) in excess of aggregate of paid-up capital and free reserves (u/s 180(1)(c) of the Companies Act, 2013); and

2. mortgage, hypothecation and/or charge etc., immovable/movable properties of the Company in favour of banks/financial institutions (u/s 180(1)(a) of the Companies Act, 2013).

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First Published: Jul 25 2014 | 1:37 PM IST

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