Held on 16 April 2018
The Board of SKIL Infrastructure at its meeting held on 16 April 2018 transacted the following -Approved to extend securities and execute relevant deeds, documents to Orange Smart City Infrastructure (OSCIPL) for the purpose of availing Term Loan facility of Rs.725 crore (Increase from Rs.150 crore) by them.
Noting that Navi Mumbai Smart City Infrastructure (NMSCIL) ceased to be a subsidiary company of our company on account of increase in paid-up equity share capital of NMSCIL.
Noted that Pipavav Electronic Warfare Systems, a whollyowned subsidiary of the company has submitted an application to the Registrar of Companies, Mumbai (RoC) for striking-off of the name under the Fast Track Exit Mode. The strikingoff of the said wholly owned subsidiary is not expected to have any material impact on the financials of the Company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content