Hira Ferro Alloys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 09, 2013, inter alia, has decided to obtain approval of members of the Company by way of Special Resolution through the process of the Postal Ballot, pursuant to the provisions of Section 180 (1) (c) and 180 (1) (a) of the Companies Act, 2013, respectively for according its consent to the Company to borrow monies in excess of paid up capital and free reserves subject to a maximum of Rs. 500.00 Crores and for creation of charge on the properties of the Company for securing the loans taken from time to time.Source : BSE
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