In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, India Nippon Electricals has informed about a copy of the Postal Ballot Notice and Ballot Form dated 29th Jan 2018 sent to all the shareholders of the company, seeking their consent, by way of an ordinary/ special resolutions for approval for sub-division of Company’s equity shares of face value of Rs 10 each into 2 equity shares of face value of Rs 5 each; approval for alteration of the capital clause in Memorandum of Association of the Company; approval for alteration of Article 3 of the Articles of Association of the Company; and re-appointment of Managing Director for a period of 5 years from 01.04.2018.
The above information is a part of company’s filings submitted to BSE.
