Malu Paper Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2011, inter alia, has transacted the following:
1. Shri Punamchand Malu, Managing Director and Shri Banwarilal Malu, Joint Managing Director be and are hereby authorized to take decision on behalf of the company regarding REC Scheme (Renewable Energy Certification Scheme) of Central Government framed under the CERC Regulation.
2. The Board also authorised Executive Directors to negotiate with Company Bankers and Financial Institutions for revision and reschedulement of Loan and reduction in the interest rates.Read More
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Monday, April 18, 2011
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