Held on 08 December 2017
The Board of Precision Camshafts at its meeting held on 08 December 2017 has approved the following -1. To issue Corporate Guarantee in favour of Bank of Baroda ('BoB') in respect of term loan sanctioned by Bank Of Baroda to M/s PCL (International) Holdings B.V., Netherlands a Wholly Owned (100%) Subsidiary Company of M/s Precision Camshafts ('PCL')
2. Board has approved to further invest in 10,000,000 equity shares of EURO 1 each (approx Rs 76 crore) in PCL (International) Holding B.V., The Netherlands a Wholly Owned (100%) Subsidiary Company of PCL in tranches.
3. The appointment of Mahesh Kulkarni as Company Secretary and Compliance Officer[Key Managerial Personnel] with effect from 8 December, 2017.
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