Enkei Wheels India has informed that the Board of Directors of the Company at its meeting held today has approved the allotment of 898700 Equity Shares to its Promoter Enkei Corporation on preferential basis at the price of Rs 410 each (including premium of Rs 405 each) aggregating Rs 368,467,000. The shareholders of the Company have already accorded their consent for this issue in their meeting held on 18th July 2020; It has reviewed and approved updated Policy on Related Party Transactions pursuant to requirement of SEBI (Listing Obligations and Disclosure Requirements) 2015. Updated policy will be available on the website of company www.enkei.in; and has approved dissolution of Share Transfer Committee and approved new scope of Stakeholders Relationship Committee.
The above information is a part of company’s filings submitted to BSE.
