Modison Metals has informed that the Board of Directors of the Company at its Meeting held on 14th March, 2018 has approved to borrow and avail autoloan. The Board approved to borrow and avail autoloan from Axis Bank, Mumbai of Rs 10,600,000. The Board meeting was called at shorter notice, thus complied with Section 173(3) of Companies Act, 2013. The meeting of the Board of Directors of the Company commenced at 11.30 a.m. and concluded at 12.10p.m.
The above information is a part of company’s filings submitted to BSE.