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Deccan Aviation Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the special resolution relating to increase in limits of inter corporate loans and investments upto a sum not exceeding Rs 1000 crores regardless that the aggregate of the loans, securities including guarantees and investments may exceed the percentages prescribed under Section 372A of the Companies Act, 1956, with requisite majority.

Tags: Deccan Aviation

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