Jaiprakash Associates Ltd: Result of Postal Ballot

Jaiprakash Associates Ltd has informed BSE that the shareholders of the Company, by way of Postal Ballot, have approved with requisite & overwhelming majority, the Ordinary resolutions for (1) Appointment and Remuneration of Shri Rahul Kumar as a Whole-time Director of the Company and (2) Creation of Mortgage / charge in favour of Debenture-holders / Debenture Trustees to secure NCDs aggregating Rs. 500 crore each, issued to Life Insurance Corporation of India and Axis Bank Ltd. and Special Resolution for (3) Investment in the Shares of Zawar Cement Pvt. Ltd.Read More