|
| 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 following special resolutions:
(1) To alter the Clause III "Object Clause" of the Memorandum of Association of the Company by way of insertion of new sub-clause 2 to 4 Clause III(A), to the main object of the Company, after sub-clause 1 of the Clause III (A), as follows:
III (A)
2. To carry on the business to manufacture, produce, process, treat, alter, convert, shape, improve, manipulate, press trade, fabricate, bend roll, re-roll cut slit, trim, design, grind, mill or otherwise deal in all respects in any capacity including agent, broker importer, exporter buyer, seller trader, consultant, engineer, metallurgist, stockiest, distributor, job worker, contractor, vendor or otherwise to deal in all shapes, sizes, descriptions, specifications, capacities and varieties of all type of ferrous & non ferrous metals, steels, aluminum, Plastic, including precision castings, continuous castings, grey iron castings, brass castings, copper castings, gun-metal castings, manufacturer of steel strips, steel pressed section and otherwise deal with all types of iron and Steel i.e. flats, angles, rounds, squares, rails, joints, channels, slabs, strips, sheets, plates, deformed bars, transformer tanks, corrugated tanks, metal / steel tanks, electrical stamping & lamination, motor lamination & stamping, transformer lamination & stamping, plain and cold twisted bars, structural steel, sifting’s, tools, and implements, dies, digs, iron and steel products, cast iron and steel, tubular structural as also hot rolled and cold rolled sheets used in automobiles, railways, waterworks, defense, power plants, oil wells, mines, agriculture, public utilities, constructions, transmissions, and for all purposes including commercial, domestic and industrial purposes and to do all such incidental acts and things for the accomplishment of above objects.
3. To carry on the business to manufacture, process, produce, assemble, alter, improve, buy, sell, trade, acquire, import, export, barter, transport, store, forward, distribute, dispose, develop, handle, market, supply, work, fabricate, assemble or otherwise deal in all respects in any capacity including agent, broker, representative, consultant, collaborator, stockiest, job workers, contractors in all kinds of electrical goods, apparatus, articles, spares, components, materials including lamp, fan, motor, transformer, transformer accessories & spares, radiators, switches, penal, wire appliance and any thing which consume, generate, accumulate, distribute, supply, employ, display or otherwise related to electric energy.
4. To carry on the business of infrastructure in any capacity including developers, builders, contractors, designers, structural engineer, architects, decorators and brokers of all types of infrastructure, real estate facilities in all respects including road, dams, bridges, canals, buildings, structures including house, flats, apartments, offices, godowns, holiday resorts, shopping cum residential complexes and to develop, erect, install, alter, improve, add, establish, recondition, protect, enlarge, repair, demolish, remove, replace, maintain, buy, sell, lease, let on hire, commercialize, handle and control, all infrastructure including buildings, pre fabricated concrete buildings and constructional works, constructional engineers, sanitary and water engineers, and plumbers and to erect, construct, re-construct, alter, improve, furnish and maintain houses, buildings of all descriptions, commercial centers, hotels in connection with any buildings or building or schemes, highways, docks, ships, tramways, bridges, canals, wells, sprints, dams, gardens, power plants, culverts, earthwork, channels, bowers, sewers, tanks, drains, wharfs, ports, reservoirs, sewages, embankment, irrigations, reclamations, improvements, clubs, tanks, schools, hospitals, restaurants, bath, places or workshop, playgrounds, parks, libraries, readings rooms, vehicle stands, shops, carriages, dairy farms or any structural or architectural work of any kind whatsoever and for such purposes to prepare estimates, design, plans specifications, models that may be required including preparations of layouts, develop, erect, demolish, re-erect, prepare, re-model, execute carry out, run, establish, acquire, maintain control, manage, take lease, purchase or acquire any work in connection with the at over and generally to deal with and improve the property of the Company.
(2) To re-appoint of Shri. Sudhir Munjal as Managing Director of the Company for a period of five years w.e.f. October 30, 2008 on remuneration, terms & conditions.
The Company has appointed Shri. Devesh A Pathak, Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Scrutinizer will submit his report on December 30, 2008 to the Chairman after completion of scrutiny. The results of the Postal Ballot will be announced by the Chairman on December 31, 2008. |
|
|