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Oswal Overseas Ltd. - Board Meeting-Outcome of Board Meeting

| Updated on July 13, 2018 Published on July 13, 2018

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 this is to inform you that, the Board of Directors of the company at its meeting held today i.e. 13.07.2018, have considered and approved the postal ballot pursuant to section 110 of the Companies Act, 2013 read with rule 20 & 22 of the Companies Management & Administration Rule, 2014 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for seeking approval of shareholders of the Company by way of Postal Ballot and e-voting on the following matters:

1. To Alter the Object Clause of the memorandum of Association of the Company
2. To increase the borrowing limit u/s 180(1)(c) of the Companies Act, 2013 upto Rs. 500 crore
3. To crate charges/ mortgages on or sell or otherwise dispose of the movable property and immovable properties of the company, both present and future, in respect of borrowings upto Rs. 500 crore.

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Source : BSE - www.bseindia.com

Published on July 13, 2018
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