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| Exchange Received Time 02/12/2017 18:24:38 Exchange Disseminated Time 02/12/2017 18:24:44 Time Taken 00:00:06 | In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with Schedule III thereof, Board of Directors of the Company at their meeting held today, besides other agenda, approved the amendment to the objects clause of the Memorandum of Association of the Company subject to the approval of shareholders through Postal Ballot to include, inter alia, the below as a part of its main objects:
-Distribution / dealership / transacting of vehicle spares and components and other products;
-Designing / Manufacturing truck / bus and other vehicle bodies and other works; and
-Providing logistics business solutions.
We enclose herewith the rationale for the above proposed changes for your reference and records. Approval of shareholders would be taken through Postal Ballot and subsequent information in the matter would be intimated to the Stock Exchanges in accordance with the extant applicable law.
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