TVS Electronics - EGM on Sep 30, 2008

• Security Code: 532513
• Company: TVSELECT

TVS Electronics Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on September 30, 2008, inter alia, to transact the following business:

1. To amendment in the Articles of Association of the Company.

2. To offer, issue and allot in one or more tranches to such permanent employees of the Company whether working in India or out of India and Directors of the Company whether Whole-time Directors or otherwise (“Employees”) except the Promoters of the Company as defined in the ESOP and ESPS Guidelines and except to such Directors as hold (either by themselves or through their relatives or through any body corporate) more than 10% of the outstanding equity shares of the Company, under an “Employees Stock Purchase Scheme or ESPS Scheme 2008’, not more than 4,50,000 fully paid-up equity shares (face value of Rs 10/- each) in the Company either directly or through a “Employees Welfare Trust’ (‘Trust’), on such terms and conditions as may be determined by the “Board” in accordance with the Guidelines or any other applicable provisions as may be prevailing at that time, subject to necessary provisions & approvals.