Held on 30 January 2015
Safari Industries (India) announced that the Board of Directors of the Company at its meeting held on 30 January 2015, inter alia, has approved the following:1. Adoption of revised Articles of Association of the Company, subject to the approval of the Members of the Company.
2. Alteration of the main objects clause of the Memorandum of Association of the Company, subject to the approval of the Members of the Company.
3. Re-appointment of Sudhir Jatia as the Managing Director of the Company for a term of three years, subject to the approval of the Members of the Company.
4. Authority to borrow in excess of the paid up capital and reserves, subject to the approval of the Members of the Company.
The approval of the Members for item no. (i) to (iv) will be taken through postal ballot.
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