Gangotri Textiles AGM approves delisting from Calcutta, Madras and Coimbatore Stock Exchange

Gangotri Textiles Ltd has announced that the members at the 17th Annual General Meeting (AGM) of the Company held on September 30, 2006, inter alia, have approved the delisting the Equity Shares of the Company from Calcutta Stock Exchange Association Ltd, Madras Stock Exchange Ltd and Coimbatore Stock Exchange Ltd.

Authority to Board to borrow from time to time any sum or sums of money with or without security and upon such terms and conditions as they may think fit, notwithstanding that the monies to be borrowed by the Company (apart from Company’s Bankers in the ordinary course of business) may exceed 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 purposes provided however, that the total amount so borrowed by the Board of Directors shall not exceed a sum, of Rs 1,000,00,00,000/- at any one time, subject to necessary provisions and approvals.

Source : Equity Bulls

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