23 Jan 17 | 16:00
Kushal Tradelink Ltd
Outcome of Board Meeting |
Kushal Tradelink Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 11, 2014, has unanimously ratified the investment made in the equity share capital of its Wholly Owned Subsidiary beyond the limit decided in the board meeting held as on December 24, 2013.
The board noted that the said investment was made due to business exigency for release of newly sanctioned credit facilities and after considering the same, unanimously in the today’s board meeting i.e. December 11, 2014 have decided to increase the investment limit towards the equity share capital of its Wholly Owned Subsidiary, Kushal Impex Pte Ltd. and approve to invest, from time to time, upto an amount of Rs. 1,000,0000 (Rs. One Crore only) or (equivalent amount required in Foreign Currency).
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23 Jan 17|18:16 (IST)