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| Exchange Disseminated Time | Windsor Machines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 30, 2011, inter alia, has taken the following major decisions:
1. The Sanctioned Scheme of Board for Industrial and Financial Reconstruction (“BIFR”) was duly considered and adopted. It was also noted that an appeal / miscellaneous application has been filed in respect of some matters in the Sanctioned Scheme.
2. The following persons were appointed, as Additional Directors of the Company, to hold office till the conclusion of the next Annual General Meeting:
a. Mr. P. R. Singhvi
b. Mr. Nirmal Gangwal,
c. Mr. Jayant Thakur
3. Mr. Kishore C. Gupte, Director, was appointed, subject to approval of the shareholders, as an Executive Director (Finance) for the period of 3 years.
4. An extraordinary general meeting of the Company is convened to be held on May 12, 2011 to consider the following:
a. Issue of equity shares in accordance with the Sanctioned Scheme of BIFR.
b. Modification of authorized share capital clause to change the face value of the equity sharcs post allotment of shares in accordance with the Sanctioned Scheme of BIFR to Rs. 2 per share.
c. Appointment of Mr. Kishore C. Gupte as an Executive Director (Finance).
5. Approval of splitting of equity shares, post allotment of shares in accordance with Sanctioned Scheme of BIFR, from existing equity shares of face value of Rs. 4 per equity share to two equity shares of Rs. 2/- per equity share. |
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