Taparia Tools Ltd: EGM on Arp 08, 2011

Taparia Tools Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on April 08, 2011, inter alia, to authorise the Board of Directors of the Company ("the Board") to borrow any sum or sums of monies from time to time, where the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company's Bankers in the ordinary course of business) may exceed, at any time, the aggregate of the paid-up capital of the Company and its free reserves (that is to say, reserves not set apart for any specific purpose), provided that the total amount so borrowed shall not at any time exceed Rs. 80,00,00,000/- (Rupees Eighty Crores only) and that the Board be and is hereby empowered and authorised to arrange or fix the terms and conditions of all such monies to be borrowed from time to time as to interest, repayment, security or otherwise howsoever as it may think fit.Read More