Emami Ltd has informed that the Board of Directors of the Company at its meeting held on October 03, 2008, inter alia, has decided the following business:
1. Seeking Approval of the shareholders under section 372A of the Companies Act 1956 through postal ballot for making further investment up to a sum of Rs 430 Crores (Rupees Four Hundred Thirty Crores only) in acquisition of shares of The Zandu Pharmaceutical Works Ltd. which is in addition to existing limit / approval available with the Company.
2. Revising the limit of borrowings under section 293(1)(d) of the Companies Act, 1956 from Rs 500 Crores to Rs 1500 Crores subject to the approval of shareholders through Postal Ballot.
3. Alteration in clause 21 of other Object Cause of the Memorandum of Association of the Company by substituting the said clause with the new clause relating to power generation and distribution subject to the approval of shareholders through Postal Ballot.
4. Commencement of new business activities Coal Mining and Power Generation & Distribution subject to the approval of shareholders under section 149(2A) of the Companies Act, 1956 through postal ballot.
1. Seeking Approval of the shareholders under section 372A of the Companies Act 1956 through postal ballot for making further investment up to a sum of Rs 430 Crores (Rupees Four Hundred Thirty Crores only) in acquisition of shares of The Zandu Pharmaceutical Works Ltd. which is in addition to existing limit / approval available with the Company.
2. Revising the limit of borrowings under section 293(1)(d) of the Companies Act, 1956 from Rs 500 Crores to Rs 1500 Crores subject to the approval of shareholders through Postal Ballot.
3. Alteration in clause 21 of other Object Cause of the Memorandum of Association of the Company by substituting the said clause with the new clause relating to power generation and distribution subject to the approval of shareholders through Postal Ballot.
4. Commencement of new business activities Coal Mining and Power Generation & Distribution subject to the approval of shareholders under section 149(2A) of the Companies Act, 1956 through postal ballot.
No comments:
Post a Comment