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Outcome of Board Meeting

| Updated on May 23, 2016 Published on May 23, 2016

HSIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2016, has approved the Postal Ballot notice for seeking consent of the Members to issue Non-Convertible Debentures (NCDs) under Section 42 and 71 of the Companies Act, 2013, read with rules thereof, through private placement upto Rs. 500 Crores (including premium) in one or more tranches.

The voting shall be reckoned in proportion to the shares held by a Member in the paid up Equity share capital of the Company as on May 27, 2016 i.e. cut off date.

The Meeting of Board of Directors was commenced at 2:00 pm and concluded at 5:15 pm.

Source : BSE - >www.bseindia.com

Published on May 23, 2016
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