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Everest Kanto Cylinder Ltd has informed BSE that members of the Company have by way of Postal Ballot passed the ordinary resolution with requisite majority pursuant to Section 293(1)(a) of the Companies Act, 1956 approving the mortgage and / or creation of charge on the assets of the Company, both present and future and / or the whole or any part of the undertaking(s) of the Company, to secure borrowings of the Company or of any of its holding, subsidiary, affiliate or associate Companies, from time to time, subject to a limit of Rs 1000 crore.

Tags: Everest Kanto

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