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Our Bureau

Pune , April 11

THE Pune-based Bajaj Tempo Ltd has declared the result of a poll taken at the EGM of the members held on April 5.

The result has been in favour of the name change from Bajaj Tempo Ltd to Force Motors Ltd.

According to an official communication, the company has informed the stock exchanges that members present personally or represented by proxies holding 1,04,83,010 shares (i.e., 79.56 per cent of the equity) voted on the resolution.

As per the report, 72,78,982 votes or 69.44 per cent of the total votes cast were in favour of the resolution.

Being an ordinary resolution, it has been declared as passed majority.

Further proceedings in the matter depend on the outcome of a writ petition pending before the Bombay High Court.

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Majority shareholders okay Bajaj Tempo name change

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