Board approves Sub-division (Split) of Equity Shares

• Security Code: 532796
• Company: LUMAXTECH

Lumax Auto Technologies Ltd has informed BSE that the Board of Directors, at its Meeting held on March 23, 2018, inter alia, have considered and approved the following matters:-

1. Sub - division (Split) of Equity Shares of the Company from Rs.10/- per share to Rs 2/- per share subject to approval of members of the Company.

2. Alteration of "Clause - V" i.e. Capital Clause of the Memorandum of Association of the Company subject to approval of the members of the Company.

3. Alteration of ‘Article 4 (a)’ i.e. Share Capital in Articles of Association of the Company subject to approval of the members of the Company.

4. Decided to seek the approval of members; through Postal Ballot Process for the above said matters and appointment of Scrutinizer for the same.