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Mahavir Industries - Board approves Stock Split

By Religare

Mahavir Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 04, 2015, inter alia, has decided and transacted the following business:

1. The Board discussed and took on record of Mr. Deepak Bansal resigned from the post of Managing Director, Mrs. Nirmala Bansal proposed to be appointed as Managing Director of the Company on the subsequent approval of the members which is proposed in the Notice of the ensuing Annual General Meeting.

2. The Board considered and discussed Split of shares of the Company approved the sub-division of equity shares from the face value of Rs. 10/- to Rs. 5/- and subsequently is required to alter the Memorandum and Articles of Association, the same is placed in the ensuing Annual General Meeting for the approval of the members of the Company.

3. The Company is also providing the facility for voting through electronic mode (e-voting) through National Securities Depository Limited (NSDL) e-voting platform.

Story first published: Monday, September 7, 2015, 23:00 [IST]
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