Held on 29 October 2014
Upper Ganges Sugar & Industries announced that the Board of Directors of the Company at its meeting held on 29 October 2014, has decided on the following matters subject to requisite approval of the shareholders through postal ballot :1. Amendment of Articles of Association of the Company to bring in consonance and harmony with the Companies Act, 2013; and
2. To make further investment, provide loans or give guarantee or provide security in connection with loans to any other body corporate or person under Section 186 of the Companies Act, 2013, for an amount not exceeding Rs. 300 crore (Rupees Three hundred crore).
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