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This is with reference to our letter no. 173/BSE/ 2017 - 18 dated 06.12.2017 forwarded to you copies of the postal ballot notice dated 02.12.2017, sent to our members seeking their approval for the following resolutions:- 1) Approval for Borrowing in excess of the Paid Up capital and free reserves pursuant to Section 180(1)(c) of the Companies Act, 2013 over and above the sanctioned existing limit of Rs. 300 Crore but not beyond Rs. 600 Crore only. 2) Approval for creation of charges / mortgage etc., on Companys movable or immovable properties in terms of Section 180(1)(a) of the Companies Act, 2013 not beyond Rs. 600 Crore only. In this connection, we would like to inform you that Special Resolutions mentioned in the said notice have been passed by the members of the Company by requisite majority. The approval is deemed to have been received January 16, 2018. Please find enclosed the voting results as per scrutinizers report. This is for your information and necessary dissemination.
Source : BSE - www.bseindia.com
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