Shree Renuka Sugars Ltd has informed that the Board of Directors of the Company at its meeting held on January 23, 2008, inter alia, has considered the following:
1. Approved stock-split / sub-division of the face value of the equity shares of Rs 10/- (Rupees Ten only) each into equity shares of face value of Re 1/- (Rupee One only) each, subject to approval of shareholders through postal ballot.
2. Approved increase in the borrowing powers of the board and creation of Charges upto a limit of Rs 2400 crores.
3. Approved seeking members approval For the above proposals by way of Postal Ballot pursuant to Section 192A of the Companies Act, 1956.
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