Ashoka Buildcon Ltd.

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Inter alia, considered and approved: 1. Recommended Bonus Issue of Equity Shares in the ratio of 1 (one) equity share of Rs.5/- each for every 2 (two) equity shares of Rs.5/- each held by the shareholders of the Company as on record date, subject to approval of the shareholders; 2. Fund Raising proposal by way of Debt through Non-Convertible Debentures ("NCDs") or issue of any other securities, subject to approval of the shareholders. The Company will issue and allot NCDs or any other securities at an opportune time subject to necessary approval and compliance for an amount up to Rs.500 Crore; 3. Appointment of M/s Patil Hiran Jajoo, Chartered Accountants, as Internal Auditors for FY 2018-19; 4. Appointment of M/s CY & Associates, Cost Accountants, as Cost Auditors for FY 2018-19; 5. Appointment of M/s S. Anantha & Ved LLP, Company Secretaries as Secretarial Auditors for FY 2018-19; 6. Postal Ballot Notice: a. To increase authorised share capital of the Company; b. To approval issue of Bonus shares; c. To approve Related Party Transactions; d. To approve revised remuneration payable to Managerial Persons of the Company; e. To approve revised remuneration payable to relative of Director of the Company; and f. For raising funds;