Outcome of board meeting of Rajasthan Cylinders & Containers

Held on 18 July 2015

Rajasthan Cylinders & Containers announced that the Board of Directors of the Company at its meeting held on 18 July 2015, has approved the Notice of Postal Ballot, seeking approval of shareholders for the following business:

1. To authorize Board of Directors or Committee thereof to borrow upto Rs. 50 crore under Section 180 (1)(c) of Companies Act, 2013.

2. To authorize the Board of Directors or Committee thereof to create charges, mortgages etc. on the Movable and/or Immovable properties of the Company under Section 180(1)(a) of Companies Act, 2013.

3. To provide loans, Investments, Guarantees and Securities by the Company under Section 186 of the Companies Act, 2013 in excess of the prescribed limits.

 

Powered by Capital Market - Live News