Automobile Corporation Of Goa has informed that the Board of Directors of the Company in its meeting held on Friday, May 6, 2022 has transact the following business; Considered and approved increase in the limits prescribed under Section 186 of the Companies Act, 2013, subject to approval of shareholders in ensuing 42nd Annual General Meeting; Considered and approved increase in borrowing money in excess of limits prescribed under Section 180 (1)(c) of the Companies Act, 2013, subject to approval of shareholders in ensuing 42nd Annual General Meeting; and considered and approved Increase in authorisation to the Board of Directors pursuant to Section 180 (1)(a) of the Companies Act, 2013, subject to approval of shareholders in ensuing 42nd Annual General Meeting.
The above information is a part of company’s filings submitted to BSE.
