Mahalaxmi Seamless has informed that the meeting of Board of Directors of the company was held on Saturday, 23rd March, 2024 at 09.00 am in the said meeting the Board has considered the following: 1. Approval to authorize the Board to borrow monies in the form of director's loan from Vivek Madhavprasad Jalan, Managing Director of the Company (DIN: 00114795) and Mala Sharma, Director of the Company (DIN: 02964382), pursuant to the provisions of Section 179(3)(d) and Section 180(1)(c)of the Companies Act, 2013. This resolution has been passed. 2. Approval to authorize the Board to borrow monies in the form of Inter-corporate loans, pursuant to the provisions of Section 179(3)(d) and Section 180(1)(c) of the Companies Act, 2013. The Board discussed the same and decided that this resolution cannot be passed. 3. Approval to authorize the Board to sell an undertaking of the Company pursuant to the provisions of Section 180(1)(a) of the Companies Act, 2013. This resolution has been passed. 4. Approval to increase the investment limit of the Company from Rs 5,00,00,000 to Rs 15,00,00,000, pursuant to the provisions of Section 186(3) of the Companies Act, 2013. This resolution has been passed. 5. Approval to issue the notice for convening an extra-ordinary general meeting of the members. This resolution has been passed. The meeting of Board of Directors of the Company commenced at 09.00 am and concluded at 09.30 am.
The above information is a part of company’s filings submitted to BSE.
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