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Timbor Home Ltd. - Outcome of Board Meeting

By Religare

Timbor Home Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2013, has passed the resolution and approved the below businesses:

1. To sell/dispose of the land & building of the Company situated at Umreth pursuant to section 293(1)(a) the Companies Act, 1956 subject to approval of Shareholders.

2. To change the name of the Company to IKI TIMBOR LIMITED pursuant to section 21 of the Companies Act, 1956 and subject to approval of Shareholders.

3. To make the preferential allotment of up to 15% of the paid up Share capital of the Company pursuant to Section 81(1)(a) of the Companies Act, 1956 read with ICDR guidelines, 2009 and subject to approval of Shareholders.

The notice to the shareholders will be send for approval of aforesaid business through Postal ballots (E-Voting) pursuant to Section 192A of the Companies Act, 1956 read with Postal ballot Rules, 2011.

Read more about: timbor home
Story first published: Friday, June 28, 2013, 22:59 [IST]
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