Minda Industries has informed that the Board of Directors of the Company at its meeting held on June 28, 2016, from 11.30 am and concluded at 7.00 pm, has considered and approved the Sub-division (stock split) of equity shares of the Company. One Equity Share of the Company, having a face value of Rs 10 each will be divided into five Equity Shares of face value of Rs 2 each, and the Employees Stock Option Scheme (ESOS) 2016 - considering issue of 300,000 options to the employees, subject to final approval by the shareholders of the Company and any other statutory and regulatory approvals. The Board also approved the acquisition of Panasonic Minda Storage Batteries India.
The above information is a part of company’s filings submitted to BSE.
