Miven Machine Tools informs about updates on ensuing board meeting

08 Feb 2016 Evaluate

With reference to the earlier letter dated February 01, 2016, informing about holding of the Board Meeting on February 13, 2016, to consider the unaudited financial results for the third quarter and nine months period ended December 31, 2015, Miven Machine Tools has now informed that the Sale of substantially the whole of the undertaking comprising surplus land not exceeding 6.5 acres in area, subject to the approval of the shareholders of the Company by means of special resolution by postal ballot pursuant to the provisions of Section 180(1)(a) of Companies Act, 2013; to fix February 16, 2016 as the cut- off date for the purpose of determination of eligibility of shareholders to cast their votes by postal ballot including remote e-voting for item No (1) mentioned above; and to fix the date of opening of the postal ballot as February 23, 2016 and the closing date as March 23, 2016 for obtaining the approval of the shareholders by special resolution for item No (1) mentioned above. Further the Company has informed that, there is no change in period of opening (from February 01, 2016) and closure of trading window up to 48 hours after the conclusion of the said Board Meeting, as already informed vide letter dated February 01, 2016 regarding the Board meeting to be held on February 13, 2016 in the context of consideration of the unaudited financial results for the quarter and nine months period ended December 31, 2015, in terms of the provisions of the Company’s Code of Conduct for Prevention of Insider Trading, formulated pursuant to the provisions of Securities and Exchange Board of India (Prohibition of insider Trading) Regulation 2015.

The above information is a part of company’s filings submitted to BSE.

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