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Rajasthan Cylinders & Containers informs about Outcome of Board Meeting

18 Jul 2015 Evaluate

Rajasthan Cylinders & Containers has informed that the Board of Directors of the Company at its meeting held on July 18, 2015, has approved the Notice of Postal Ballot, seeking approval of shareholders to authorize Board of Directors or Committee thereof to borrow up to Rs. 50 Crores under Section 180 (1)(c) of Companies Act, 2013, to authorize the Board of Directors or Committee thereof to create charges, mortgages etc. on the Movable and/or Immovable properties of the Company under Section 180(1)(a) of Companies Act, 2013 and to provide loans, Investments, Guarantees and Securities by the Company under Section 186 of the Companies Act, 2013 in excess of the prescribed limits.

The above information is a part of company’s filings submitted to BSE.

 

Rajasthan Cyl.&Cont. Share Price

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