Gayatri BioOrganics has informed that the Board of Directors of the Company at its meeting held on February 14, 2014, has decided to obtain the approval of the members of the Company by way of Special Resolution through the process of Postal Ballot pursuant to the provisions of Section 80 (1) (c) and Section 180 (1) (a) of the Companies Act, 2013 respectively to enhance the limit of Borrowing powers in excess of Paid up Capital and Free reserves subject to a maximum of Rs 100 Crores and for Creating Mortgage / Charge on Assets of the Company for securing the loans taken from time to time.
The above information is a part of company’s filings submitted to BSE.
