Tag: to raise inter-corporate deal

Shareholders of JK Lakshmi Cement have rejected a special resolution put on vote for increasing inter corporate transaction limit to ₹10,000 crore.The company had sought shareholders approval for the special resolution at the recent AGM held last Thursday and could garner only 71.10 per cent favourable votes.Of the 9.50 crore votes polled, the special resolution could garner 6.75 crore (71 per cent) votes in favour while 2.74 crore (29 per cent) votes were against the proposal. As per the Companies Act, a special resolution has to be passed...