30th-Jul-2012 11:07Source: BSE

Godrej Proper - Outcome of Board Meeting

Godrej Properties Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2012, has decided to seek the approval of the shareholders by means of the Postal Ballot in accordance with Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011, for further funding to its subsidiary and Limited Liability Partnerships of the Company under Section 372A of the Companies Act, 1956 and to amend the terms of the Godrej Properties Limited Employee Stock Option Plan.