7th-May-2012 20:01Source: BSE

Vimal Oils - Board Meeting on May 11, 2012

Vimal Oil & Foods Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 11, 2012, inter alia, to consider the following:

1. To consider and take on record the Quarterly Unaudited Financial Results (Provisional) for the Quarter ended on March 31, 2012.

2. To raise the fund of the Company for long term working capital, redemption of preference shares issued by the Company, investment in other Bodies Corporate and/or Group Companies etc. by issue of further capital or any other instruments to the Promoters and/or Non Promoters Group.

3. To increase borrowing power of Company under Section 293(1)(d) of the Companies Act, 1956.

Further the Company has informed that, the Board Meeting was scheduled to be held on March 07, 2012 to consider and to approve the businesses (agenda) mentioned In point no. 1 to 3 and one more agenda relating to make investment, give loan or guarantee or provide security in excess of the limit prescribed under Section 372A of the Companies Act, 1956. However, the above meeting was postponed vide letter dated March 02, 2012.

The agenda mentioned in Point No. 1 to 3 will be considered in the Board Meeting to be held on May 11, 2012 and other agenda for making investment, giving loan, or guarantee or providing security in excess of the limit prescribed under Section 372A of the Companies Act, 1956 will not be considered and dropped.