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Outcome of Board Meeting

| Updated on February 17, 2016 Published on February 17, 2016

Binny Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 17, 2016, have transacted the following business:

- Considered and approved the execution of Mortgage directly by the Company in favour of M/s.ECL Finance Limited, Mumbai/the Trustees appointed by them in this behalf on the property of 14.06 acres of land located at Perambur Barracks Road, Chennai, which is under sale to M/s.KLP Projects Private Limited, Chennai (formerly known as M/s.Landmark Barracks Projects Private Limited), for the loan facilities being extended by M/s.ECL Finance Limited to M/s.KLP Projects Private Limited, subject to the approval of the shareholders u/s 180(1) (a) and 186 of the Companies Act, 2013 through Postal Ballot.

Source : BSE - >www.bseindia.com

Published on February 17, 2016
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