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Outcome of Board Meeting

| Updated on June 09, 2011 Published on June 09, 2011

Exedy India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 09, 2011, inter alia, transacted the following agenda;

1. With reference to intimation received from Exedy Corporation, Japan (One of the Promoter of the Company) dated May 30, 2011 proposing delisting of equity shares of the company from Bombay Stock Exchange under Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Board of Directors of the company in on June 09, 2011 Board Meeting approved the resolutions for delisting of equity shares of the company from Bombay Stock Exchange subject to approval of shareholders and such other approvals as may be required in this regard.

2. The Board of Directors also authorised Mr. Mahesh Kothari, Executive Chairman &/or Mr. Pradeep Chinai, Managing Director &/or Mr. Akira Hirai, Managing Director &/or Mr. Hideshi Shiba, Whole Time Director &/or Mr. Saurabh Kothari, Executive Director &/or Mr. Hetay Vora, Company Secretary to finalised and issue the Notice of Postal Ballot for obtaining the approval of the shareholders for delisting of equity shares of the company from Bombay Stock Exchange and do all such acts, matters, things and deeds as may be required in this regards.

Source : BSE - >www.bseindia.com

Published on June 09, 2011
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