|
Steel Exchange India announced that the Board of Directors of the Company at its meeting held on 14 November 2014, inter alia, has approved the following;
1. Approved the Notice of Postal Ballot for obtaining the consent of the members for the following items:
- Approval of the Scheme of Amalgamation between Simhadri Power and Steel Exchange India.
- Authorizing the Board of Directors to dispose of the whole or substantially the whole of the undertaking of the Company including by way of mortgage and/or creation of security interests on movable and/or immovable properties of the Company, both present and future, in respect of its borrowings.
- Authorizing the Board of Directors to borrow up to a maximum limit of Rs. 2000 crore.
2. Appointed S. Sarveswar Reddy as the Scrutinizer for the Postal Ballot.
|