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| Exchange Disseminated Time | Lumax Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 30, 2008, inter alia, to consider the following:
1. To take note of the follow up action taken on the important decisions of the previous Board Meeting held on October 22, 2007.
2. To take note of Demat / Remat of Shares and Share Transfers approved by the Share Transfer / Investor Grievance Committee during the Quarter ended December 31, 2007.
3. To consider, review and take on record the Unaudited Financial Results
(Provisional) along with CEO and CFO Certificate and Limited Review Report of Statutory Auditors for the 3rd Quarter ended December 31, 2007 and the Audit Committee Recommendation thereon and approve the same for publication.
4. To consider closure and disposal of Assets of Chennai Unit subject to the approval of shareholders through Postal Ballot under Section 293(1 )(a) of the Companies Act, 1956 and related matters.
5. To consider the authorisation of Directors and officials of the Company to deal with Government and other Authorities for routine business related activities like Electricity, Sales Tax etc.
6. To take note of status of the Open Offer made by Stanley to the shareholders of the Company in accordance with the Regulation 11(1) of SEBI (SAST) Regulation, 1997.
7. To consider availment of financial assistance aggregating to Rs 45 Crores from Syndicate Bank and / or Citi Bank to meet the Capital Expenditure and working capital requirements of the Company. |
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