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Outcome of board meeting of Satkar Finlease

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Capital Market

Held on 28 October 2015

Satkar Finlease announced that the Board of Directors of the Company at its meeting held on 28 October 2015, have considered the following resolutions:

1. Approved Migration of the Company from SME Plateform 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. 75 crore;

3. Creation of security on the properties of the Company in favour of lenders.

4. Appointment of Roop Singh as additional Director of the company.

5. Appointment of M/s. Law and Legal Jurists as Internal Auditor of Company for the financial year 2015-16.

 

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First Published: Oct 28 2015 | 7:35 PM IST

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