Belapur Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 16, 2008, has taken the following decisions:
1. To Shift the Registered Office of the Company from Mumbai to Harigaon Dist. Ahmednagar.
2. To pass resolution in the Extra Ordinary General Meeting to increase the borrowing Power of the Company.
3. To put up a new Project for the manufacture of Alcohol at Harigan Dist. Ahemdnagar and also in Marathwada region and for that purpose Shri. Govindrao Adik, Chairman and Managing Director of the Company has been authorised to decide various means for raising funds, including further issue of capital on preferential or right basis or through public issue or through placement of shares with the financial institutions. The Chairman was further authorised to finalise the date, time and venue for calling the Extra ordinary General Meeting.
4. It has been decided by the Board to write oft various credit and debt balances which are not payable / not recoverable.
5. It was decided in the Board Meeting to pass General Both resolution for the purpose of surrendering 200 acres of land of the Company to State Government which was in the possession of Maharashtra state Forming Corporation and the Company is not having any benefits thereof but require to pay land revenue thereon.
6. The Chairman & Managing Director was authorised to finalise the Notice of the Extra Ordinary General Meeting.
1. To Shift the Registered Office of the Company from Mumbai to Harigaon Dist. Ahmednagar.
2. To pass resolution in the Extra Ordinary General Meeting to increase the borrowing Power of the Company.
3. To put up a new Project for the manufacture of Alcohol at Harigan Dist. Ahemdnagar and also in Marathwada region and for that purpose Shri. Govindrao Adik, Chairman and Managing Director of the Company has been authorised to decide various means for raising funds, including further issue of capital on preferential or right basis or through public issue or through placement of shares with the financial institutions. The Chairman was further authorised to finalise the date, time and venue for calling the Extra ordinary General Meeting.
4. It has been decided by the Board to write oft various credit and debt balances which are not payable / not recoverable.
5. It was decided in the Board Meeting to pass General Both resolution for the purpose of surrendering 200 acres of land of the Company to State Government which was in the possession of Maharashtra state Forming Corporation and the Company is not having any benefits thereof but require to pay land revenue thereon.
6. The Chairman & Managing Director was authorised to finalise the Notice of the Extra Ordinary General Meeting.
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