Held on 24 May 2016
Hathway Bhawani Cabletel & Datacom announced that the Board of Directors of the Company at its meeting held on 24 May 2016, inter alia, the following items were considered and approved:1. Authority to borrow an amount in excess of paid up capital and free reserves of the Company up to the maximum limit of Rs. 25 crore, pursuant to section 180(1)(c) of the Companies Act, 2013, subject to the approval of the shareholders through postal ballot.
2. Authority to create mortgage / charge / hypothecation over the assets of the Company not exceed Rs. 25 crore, for loans borrowed by the Company pursuant to section 180(1)(a) of the Companies Act, 2013, subject to the approval of the shareholders through postal ballot.
3. Postal Ballot Notice for seeking approval of members under Section 180(1)(a) and 180(1)(c) of the Companies Act, 2013.
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