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| Exchange Disseminated Time | | Munjal Auto Industries Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed an Ordinary Resolution in terms of Section 293(1)(a) and Other applicable provisions of the Companies Act, 1956 in respect of mortgaging and/ or hypothecating by the Board of Directors of the Company, the immovable and movable properties of the Company in favour of any Bank or Financial Institution or any lender for securing the borrowings by the Company, circulated for passing through Postal Ballot pursuant to Section 192A of the Companies Act., 1956 vide Notice dated March 07, 2011, with requisite majority. |
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