Jainex Aamcol Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed the following resolutions, with requisite majority : 1. Authority to the Board of Directors of the Company ("the Board" and which term shall be deemed to include any Committee, which the Board may have constituted or hereinafter constitute to exercise its powers including the powers conferred by this resolution and with the power to delegate such authority to any person or persons) for borrowing from time to time, as it may think fit, any sum or sums of money not exceeding Rs. 20,00,00,000/- (Rupee Twenty Crores only) on such security and on such terms and conditions as the Board may deem fit, notwithstanding that the monies to be borrowed, together with the monies already borrowed by the Company (apart from the temporary loans obtained from the Company's Bankers in the ordinary course of business), exceed the aggregate, for the time being, of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, subject to necessary provisions and approvals. 2. Authority to the Board of Directors of the Company ("the Board" and which term shall be deemed to include any Committee, which the Board may have constituted or hereinafter constitute to exercise its powers including the powers conferred by this resolution and with the power to delegate such authority to any person or persons), to mortgage and/ or charge any of its movable and/or immovable properties wherever situated, both present and future, or the whole, or substantially the whole, of the undertaking or undertakings of the Company on such terms and in such manner as the Board may think fit, tdgether with power to take over the management of the business or concern of the Company in certain event(s), for securing any loan(s) obtained/to be obtained from, or Securities issued/to be is to, Bank(s), Financial or other Institution(s), Mutual Fund(s), Non-Resident Indians (NRIs),Overseas Corporate Bodies (OCBs), Foreign Institutional Investors (FlIs) or any other person(s), body(ies) corporate, etc., whether shareholder of the Company or not ("lenders"), for an amount not exceeding Rs.20,00,00,000/- (Rupees Twenty Crores only) and/or equivalent thereto in any foreign currency, together with interests, compound/ additional interest, commitment charges, costs, expenses and all other monies payable by the Company to the concerned lenders, subject to necessary provisions and approvals.
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