Sujana Towers Ltd has informed that the Board of Directors of the Company at its meeting held on November 25, 2008, inter-alia, has passed the following resolutions, subject to approval of members of the Company.
1. To increase the authorized share capital from Rs 50.00 crores to Rs 55.00 crores.
2. To increase the borrowing powers of the Company from Rs 500.00 crores to Rs 800.00 crores.
3. To appoint the M/s. R Subramanian and Company, Chartered Accountants, Chennai as Statutory Auditors for the financial year 2007-2008 in place of M/s. Price Waterhouse, Chartered accountants, Hyderabad.
4. To modify certain clauses of Articles of Association of the Company.
1. To increase the authorized share capital from Rs 50.00 crores to Rs 55.00 crores.
2. To increase the borrowing powers of the Company from Rs 500.00 crores to Rs 800.00 crores.
3. To appoint the M/s. R Subramanian and Company, Chartered Accountants, Chennai as Statutory Auditors for the financial year 2007-2008 in place of M/s. Price Waterhouse, Chartered accountants, Hyderabad.
4. To modify certain clauses of Articles of Association of the Company.
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