This Article is From Nov 26, 2011

MAN INFRACONSTRUCTION LTD. - Outcome of Board Meeting

MAN INFRACONSTRUCTION LTD. - Outcome of Board Meeting
Man Infraconstruction Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 10, 2011, has taken following decisions: 1. To change/vary uses of IPO proceeds; and 2. To make any Investments, Corporate Loans, Corporate Guarantees or to provide any security beyond the  prescribed ceiling limits as stated under section 372A of the Companies Act, 1956. The Board of Directors has approved, seeking of shareholders' approval for matters 1 and 2 above, through Postal Ballot in accordance with Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001.

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