Outcome of Board Meeting

| Updated on May 22, 2015 Published on May 22, 2015

Omax Autos Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2015, inter alia, has considered and approve the following :

1. Board took note of Long-Term Settlement with Labour of Automax Plant, Binola and Speedomax Plant, Sidhrawali.

2. Mr. Suresh Chand Mathur, Chairman of the Company, also an independent director, has resigned from his directorship and chairmanship of the Company from the closing hours of May 22, 2015.

3. Mrs. Sakshi Kaura, Whole-time Director of the Company, has been appointed as the Joint Managing Director of the Company subject to the approval of the shareholders in general meeting.

Source : BSE - >www.bseindia.com

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Published on May 22, 2015
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