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Gayatri BioOrganics borrowing powers for creation of mortgage

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Capital Market

On 14 February 2014

Gayatri BioOrganics announced that directors of the company in its meeting held on 14 February 2014 decided to obtain the approval of the members by way of Special Resolution pursuant to provisions of Section 80 (1) (c) and Section 180 (1) (a) of the Companies Act, 2013 respectively to enhance the limit of borrowing powers in excess of paid up capital and free reserves subject to a maximum of Rs 100 crores and for creating mortgage/charge on assets of the company for securing the loans taken from time to time.

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First Published: Feb 18 2014 | 3:22 PM IST

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