Intra Infotech - Result of Postal Ballot
Intra Infotech Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed the following resolutions with requisite & overwhelming majority:
1. Alteration of object clause of Memorandum of Association of the Company.
2. To Authorize the Board to make investments etc. in excess of the limits laid down in section 372A of the Companies Act 1956 upto Rs 1000 Crores.
3. To Authorize the Board to sell, lease, mortgage, sub divide, transfer or otherwise dispose off whole or substantially the whole of the properties of the company wheresoever situated present or future to or in favour of Company’s bankers, financial institutions or any other body corporate for various financial requirements of the Company upto a limit of not exceeding Rs 3000 Crores.
4. To Authorize the Board to increase the borrowing limits of the Company upto Rs 3000 crores.
Tags: Intra Infotech