Venus Remedies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 12, 2011, inter alia, has:
1. Approved increase in the borrowing limit upto Rs. 500 crores over and above paid share capital and free reserve of the Company under Section 293 (1) (d) of Companies Act 1956 and also approved the increase in limits inter alia for creation of charge/mortgage etc. over and above paid share capital and free reserve of the Company under Section 293 (1) (a) subject to the approval of shareholder's meeting.
2. Also approved calling an Extra Ordinary General Meeting for considering the above said proposal.
Sensex
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Wednesday, January 12, 2011
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