Held on 06 August 2014
Hiran Orgochem announced that the Board of Directors of the Company at its meeting held on 06 August 2014, inter alia, has transacted the following :1. Approved and authorized the Board to borrow monies in excess of the paid up share capital and free reserves of the Company pursuant to Section 180(1)(c) of the Companies Act, 2013 (previously Section 293(1)(d) of the Companies Act, 1956), subject to approval of the Shareholders through Postal Ballot.
2. Approval and authorised the Board to sell, lease or dispose of the undertaking of the Company pursuant to Section 180(1) (a) of the Companies Act, 2013 (previously Section 293(1)(a) of the Companies Act, 1956), subject to approval of the Shareholders through Postal Ballot.
3. Approved the Postal Ballot Notice and Postal Ballot Form.
4. Appointed Hemanshu Kapadia as the Scrutinizer for Postal Ballot process.
5. Appointed Nitinn Gupta as an Independent Additional Director of the Company.
Powered by Capital Market - Live News
