Asian Oilfield Services Ltd has informed BSE that members of the Company, by way of Postal Ballot have passed the following resolutions, with requisite majority:
1. Authorizing Board to create charge and / or mortgage on all or any assets of the Company in favour of lenders / trustees for securing borrowing under Section 293(1)(a) of the Companies Act, 1956.
2. Authorizing Board to make any loan, give guarantee or provide security/s to acquire
by way of subscription, purchase or otherwise the securities of any body corporate in excess of limit prescribed under Section 372A, upto an aggregate amount of Rs 200 Crores.
| NIFTY 
