Walchandnagar Industries Ltd has informed that the Board of Directors of the Company at its meeting held on March 04, 2008, has decided to seek Shareholders approval through Postal Ballot for passing following items by Special Resolution:
1. Investment of funds upto Rs 1000 Crores in excess of the limit prescribed under Section 372A of the Companies Act, 1956.
2. Alteration to Object Clause of the Memorandum of Company to:
- Explore possibilities of leveraging the existing core competencies to enable the Company to undertake projects in the field of developing, constructing, maintaining and operating various infrastructure facilities and to carry on business of chartering aircrafts as Non Schedule Operator (NSOP)
3. Commencement of new business activities as stated above in point no (2).
1. Investment of funds upto Rs 1000 Crores in excess of the limit prescribed under Section 372A of the Companies Act, 1956.
2. Alteration to Object Clause of the Memorandum of Company to:
- Explore possibilities of leveraging the existing core competencies to enable the Company to undertake projects in the field of developing, constructing, maintaining and operating various infrastructure facilities and to carry on business of chartering aircrafts as Non Schedule Operator (NSOP)
3. Commencement of new business activities as stated above in point no (2).
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