Held on 12 June 2015
HPC Biosciences announced that the Board of Directors of the Company at its meeting held on 12 June 2015, inter alia, has considered the following resolutions:1. Migration of the Company from SME Platform 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. 100 crore;
3. Creation of security on the properties of the Company in favour of lenders;
4. Giving of loans / Guarantees, providing securities and making investments in Securities to Rs. 100 crore;
Further, the Board has approved to conduct the postal ballot Pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2004, for seeking approval of Shareholders of the Company by way of Postal Ballot on the above mentioned matters.
Also, the Board has appointed M/s Sumit Gupta & Associates, Companies Secretaries In whole time Practice as Scrutinizer to conduct the postal ballot in fair and transparent manner.
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