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| Exchange Disseminated Time | Lumax Industries Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution accorded for alteration of the existing Main Object Clause IV (A) of the Company, by adding the New Sub Clauses as 'IV(A) 3' and 'IV(A)4' after the existing Clause No. 'IV(A)2' in the following manners:
3. To Carry out the work and expend money on research, design and development; experimentation, testing, improving or seeking. to Improve existing products, processes, patents, rights, etc., in connection with any of its activities in pursuance of the aforesaid objects and to expend money to invent, develop, or seek, any new products allied to and in the course of pursuing the objects as detailed above.
4. To work, develop, license, sell or otherwise deal with any inventions in which the Company is interested whether as Owner; Licensee or otherwise, and to make, levy or hire any machinery required for making or desirable to be used as machines included in such inventions.
The Board of Directors has appointed Shri. R K Jain, Practicing 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 on or before August 30, 2008. The scrutinizer will submit his report and the results of the postal ballot will be announced on September 09, 2008. |
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