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| Exchange Disseminated Time | Tumus Electric Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 12, 2016, has transacted the following :
1. The Board of Directors of the Company decided and approved the issue and allotment of 1,34,500 (One Lac Thirty Four thousand five hundred) equity shares of Rs. 10/- each (instead of issuing warrants convertible into equity shares as decided earlier) on preferential basis to Mr. Uttam Bagri, Current Promoter of the Company and pursuant to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2009. The above issue is subject to the approval of the shareholders and other regulatory approvals, if any.
2. The Board of Directors of the Company has approved the draft Postal Ballot Notice placed before them including Postal Ballot Form u/s. 110 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014.
3. The Board of Directors of the Company has approved the alteration in Memorandum of Association regarding alteration in situation clause of Memorandum of Association w.r.t. shifting of Registered Office from the state of Madhya Pradesh to the State of Maharashtra subject to approval of shareholders in the general meeting.
4. The Board of Directors of the Company has appointed Ms. Sonam Jain, Partner, M/s. Kothari H & Associates, Practicing Company Secretaries, as scrutinizer for conducting postal ballot process and e-voting.
5. The Board of Directors of the Company has authorised Mr. Rupesh Parde, Director and / or Mr. Manish Mourya, Company Secretary severally to conduct the postal ballot process.
6. The Board of Directors has also approved calendar of events for conduct of postal ballot process.
The Extra ordinary General Meeting of the shareholders of the Company will be held on February 10, 2016. |
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