Hacked by islam_Bey imhatimi.org

Everest Kanto Cylinder Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 08, 2008, has approved the following:

1. Shifting of the registered office of the Company from 501, Raheja Centre, Free Press Journal Marg, 214, Nariman Point, Mumbai - 400 021 to 204, Raheja Centre, Free Press Journal Marg, 214, Nariman Point, Mumbai- 400 021.

2. Creation of second charge on movable & immovable assets of the Company located at Tarapur, Aurangabad & Gandhidham to secure the loan facility of USD 45 Million to be taken from the consortium of ABN AMRO Bank, Standard Chartered Bank & Citibank N.A. by EKC Hungary Ltd (wholly owned subsidiary of EKC International FZE, which in turn is a wholly owned subsidiary of the Company) and CP Industries Holdings, Inc (wholly owned subsidiary of EKC Hungary Ltd), subject to the approval of the members by Postal Ballot.

3. Providing corporate guarantee to the consortium of ABN AMRO Bank, Standard Chartered Bank & Citibank N.A. for the loan facility of USD 45 Million taken by EKC Hungary Ltd and CP Industries Holdings, Inc.

4. Appointment of Mr. S N Ananthasubramanian, Practicing Company Secretary as Scrutinizer, to conduct the postal ballot process.

Tags: Everest Kanto

This entry was posted on Wednesday, April 9th, 2008 at 11:09 am and is filed under Company News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.