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Outcome of board meeting of Satkar Finlease

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Capital Market
Last Updated : Oct 28 2015 | 8:13 PM IST

Held on 28 October 2015

Satkar Finlease announced that the Board of Directors of the Company at its meeting held on 28 October 2015, have considered the following resolutions:

1. Approved Migration of the Company from SME Plateform of BSE to Main Board of BSE in terms of Chapter XB of SEBI (ICDR) Regulations, 2009;

2. Increasing the Borrowing Power of the Company to Rs. 75 crore;

3. Creation of security on the properties of the Company in favour of lenders.

4. Appointment of Roop Singh as additional Director of the company.

5. Appointment of M/s. Law and Legal Jurists as Internal Auditor of Company for the financial year 2015-16.

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First Published: Oct 28 2015 | 7:35 PM IST

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