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| Exchange Disseminated Time | Munjal Auto Industries Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Ordinary Resolution relating to increse the authorized capital of the Company, which presently stands in the form of Equity Share Capital of Rs. 12,50,00,000 (Rupees 12 Crores Fifty Lacs) comprising of 1,25,00,000 (One Crore Twenty Five Lacs) Equity Shares of Rs. 10 each to Rs. 25,00,00,000 (Rupees Twenty Five Crores) of which Rs. 20,00,00,000 (Rupees Twenty Crores) shall be of Equity Share Capital comprising of 10,00,00,000 (Ten Crores) Equity Shares of Rs. 2 each and the balance Rs. 5,00,00,000 (Rupees Five Crores) shall be as Unclassified Capital & consequential amenment in the Memorandum & Articles of Association of the Company.
The Company has appointed Shri Devesh A. Pathak, Practising Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on November 11, 2011. Upon Completion of the scrutiny of the Forms, the Scrutinizer will submit his report to the Managing Director. Subsequently, the results of the postal ballot will be announced by the Managing Director on the November 14, 2011 at 4.00 p.m. at the Registered Office of the Company. |
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