Held on 23 September 2014
OCL Iron & Steel announced that the Board of Directors of the Company at its meeting held on 23 September 2014, has approved following:1. Increase in borrowing limit of the Company subject to the approval of shareholders under Section 180(1)(c) of the Companies Act, 2013.
2. Increase in limits for Charging / Mortgaging the assets / properties of the Company subject to the approval of shareholders under Section 180(1) (a) of the Companies Act, 2013.
3. Approval of Postal Ballot notice along with the postal ballot form and calendar of events for obtaining consent of the members of the Company on aforesaid matters through Postal Ballot.
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