Brief: Captain Pipes approves creation of mortgage on co's assets to secure borrowing of up to 400 mln rupees

Captain Pipes

15/07/2016 14:54

July 15 (Reuters) - CAPTAIN PIPES Ltd  CAPN.BO : 
 * Approved creation of mortgage on movable/immovable assets of co to secure 
   borrowing up to limit of 400 million rupees 
 
 * Source text: Captain Pipes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2016, inter alia, has considered and approved the following; 
 
1. Consider and approve notice of the 7th Annual General Meeting to be held on August 13, 2016. 
 
2. Pass resolution To Enhance The Borrowing Limits Of The Board of The Directors of the Company upto Rs.40.00 Cores subject to approval of members in upcoming AGM. 
 
3. Pass resolution To Mortgage/Create Mortgage On The Movable/Immovable Assets Of The Company to secure borrowing up to limit of Rs. 40.00 Cores subject to approval of members in upcoming AGM. 
 
 * Further company coverage  CAPN.BO   
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