Infrastructure Development Finance Company Ltd has informed BSE that on September 26, 2011, the Board of Directors of the Company accorded its consent to seek approval of the shareholders by way of Postal Ballot, to authorize creation of mortgage/ hypothecation of charge on the assets of the Company pursuant to the provisions of Section 293(1)(a) of the Companies Act, 1956.
The Board also approved the following;
- Seek approval of the shareholders through postal ballot voting process;
- Appoint Ms. Savita Jyoti, Practicing Company Secretary as Scrutinizer for conducting the postal ballot voting in fair and transparent manner.
- Appoint Mr. Vikram Limaye, Whole-time Director and Mr. Mahendra N. Shah, Company Secretary, as Designated Persons responsible for the entire postal ballot process.