Havells India - Board approves Sub-division of Equity Shares
30/06/2014 10:52
Havells India Ltd has informed BSE that subject to the approval of the shareholders of the Company, sought by way of a postal ballot u/s 110 of the Companies Act, 2013 (the Act) and Rules framed thereunder, the following decisions have been taken by the Board of Directors in its Meeting held on June 30, 2014:
1. Sub-division of the nominal value of Equity Shares of the Company from face value of Rs. 5/- (Rupees Five only) to face value of Re. 1/- (Rupee One only) per share in accordance with the provisions of section 61(1)(d) of the Companies Act, 2013 and Article 26 of the Articles of Association of the Company, subject to the consent of the members.
2. Consequent Alteration of the Capital Clause of the Memorandum of Association of the Company in order to give effect to the abovesaid Sub-division of Equity shares of the Company, subject to the consent of the members.
30/06/2014 10:52
Havells India Ltd has informed BSE that subject to the approval of the shareholders of the Company, sought by way of a postal ballot u/s 110 of the Companies Act, 2013 (the Act) and Rules framed thereunder, the following decisions have been taken by the Board of Directors in its Meeting held on June 30, 2014:
1. Sub-division of the nominal value of Equity Shares of the Company from face value of Rs. 5/- (Rupees Five only) to face value of Re. 1/- (Rupee One only) per share in accordance with the provisions of section 61(1)(d) of the Companies Act, 2013 and Article 26 of the Articles of Association of the Company, subject to the consent of the members.
2. Consequent Alteration of the Capital Clause of the Memorandum of Association of the Company in order to give effect to the abovesaid Sub-division of Equity shares of the Company, subject to the consent of the members.
