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Orissa Minerals Development Company Ltd. - Announcement under Regulation 30 (LODR)-Meeting Updates

| Updated on July 12, 2019 Published on July 12, 2019

Pursuant to compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015 the proceedings of the Extraordinary General Meeting of the Company held on 12h July,
2019 are given.
The following resolutions was approved in the Extraordinary General Meeting:-
RESOLVED THAT subject to the provisions of Section 180 (l) (c) and other applicable provisions, if any, ofthe
Companies Act, 2013 and relevant rules made thereto including any statutory modifications or re-enactments thereof
and in supersession of all the earlier resolutions passed in this regard, the consent of the shareholders of the
Company be and hereby accorded to the Board of Directors and/or any Committee of Directors thereof to borrow, as
may be deemed appropriate by the Board for an aggregate amount of Rs. 310 Crores ( Rupees Three Hundred Ten
Crores Only), notwithstanding that money so borrowed together with the monies already borrowed by the Company,
if any (apart from temporary loans obtained from the Companys bankers in the ordinary course of business) may
exceed the aggregate of the paid-up share capital of the Company and its free reserves.
RESOLVED FURTHER THAT the Board of Directors be and hereby authorized to take such steps as may be
necessary for obtaining approvals, statutory, contractual or otherwise, in relation to the above and to settle all
matters arising out of and incidental thereto, and to sign and to execute deeds, applications, documents and writings
that may be required, on behalf ofthe Company and generally to do all such acts, deeds, matters and things as may
be necessary. proper, expedient or incidental for giving effect to this resolution.

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Source : BSE - www.bseindia.com

Published on July 12, 2019
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