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| Exchange Disseminated Time | Bajaj Hindusthan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 13, 2012, inter alia, has transacted the following business:
1. Approved the proposal for amalgamation of Bajaj Eco-Tec Products Limited (a Wholly Owned Subsidiary) and Bajaj Aviation Private Limited (a Wholly Owned Subsidiary of Bajaj Eco-Tec Products Limited) with the Company, subject to various approvals of the Shareholders and Creditors of the respective Companies, the High Courts of judicature at Mumbai, Stock Exchanges and other concerned authorities.
2. Approved seeking approval of shareholders by way of postal ballot, inter alia, for alteration in objects clause of the Memorandum of Association of the Company, Investment/ Loan/ Guarantee/ Security to subsidiary/ associate company (ies) and confirmation of the resolution passed at the meetings of Board of Directors for Corporate Guarantee given to subsidiary Company Section 372A of the Companies Act, 1956. |
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