Cox & Kings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2011 inter alia, has considered and approved the following:
1. Sub-division of equity shares from face value of Rs. 10/- per share to face value of Rs. 5/- per share.
2. Consequent changes in the Capital Clauses of Memorandum and Articles of Association of the Company.
3. Amendment in the Object Clause of Memorandum of Association
4. Issue of further shares / convertible instruments or any other instruments not exceeding Rs, 1500 Crores.
5. Increase in borrowing power from Rs. 1000 Crores to Rs. 1500 Crores as per section 293(1)(d) of the Companies Act, 1956.
6. To create charge on the assets of the Company as security for the enhanced borrowings as per section 293(1)(a) of the Companies act, 1956.
7. To obtain Members approval to send the notices and communications by electronic modes
8. To authorize Company Secretary to seek members approval by way of postal ballot,
Sensex
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Wednesday, April 27, 2011
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