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Outcome of Board Meeting

| Updated on July 01, 2014 Published on July 01, 2014

Ahluwalia Contracts (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 01, 2014, inter alia, has transacted the following :

1. Approval for the Preferential allotment of equity shares to the promoters of the Company for a value not exceeding Rs. 50.00 Crores.

2. Approval of the Draft letter of offer(PAS-4)

3. Review of the existing borrowing limit of the Company under section 180(1)( c) of the Companies Act, 2013.

4. Review of providing/Creation of charge, security under Section 180(1)(a) of the Companies Act, 2013 in connection with the existing borrowing limit of the Company.

5. Approval of the Postal ballot notice for passing the requisite resolutions through postal ballot as per the provisions of Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management & Administration) Rules, 2014.

6. Postponement of the proposed right issue under section 81(1) & 81(1A) of the Companies Act, 1956 & as approved by the Board on October 25, 2013 and by the shareholders on December 09, 2013.

Source : BSE - >www.bseindia.com

Published on July 01, 2014
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