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Board approves Sub-division of equity shares

| Updated on March 14, 2016 Published on March 14, 2016

Transcorp International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 14, 2016 (concluded at 4:35 PM.), has transacted the following:-

1. Board approved the sub division of equity shares of the company from the face value of Rs. 10/- (Rupees Ten Only) per share to face value of Rs. 2/- (Rupees Two only) per share.

2. Board approved the notice of Postal ballot dated March 14, 2016 along with its related documents for sending to shareholders for following items:-

i. Sub division of equity shares of the Company from the face value of Rs. 10/- (Rupees Ten only) per share to the face value of Rs. 2/- (Rupees Two only) per share.

ii. Consequential amendments to Capital Clause of Memorandum of Association.

iii. Consequential amendments to the Articles of Association.

Board fixed March 18, 2016 as the cut-off date for reckoning Voting Rights and ascertaining those Members to whom the Postal ballot notice and postal ballot forms shall be sent.
Board fixed April 13, 2016 as cut-off date for ascertaining those Members who shall be eligible for E- Voting.

3. Board appointed Mr. Anand Prakash Jain, Practicing Chartered Accountant as Scrutinizer for conducting the Postal Ballot and e-voting process.

4. Board authorized Mr. Dilip Kumar Morwal, Company Secretary of the Company to issue notice for Postal Ballot under his signature(s) to the shareholders and all other persons entitled to receive the same including shareholders whose names are appearing on March 18, 2016 and to do all such acts, matters, deeds and things, as may be required in connection with the Postal Ballot.

5. Board after discussing did not approve the interim dividend for the financial year 2015-2016.

6. Board Appointed Mr. Hemant Kaul and Mrs. Sonu Bhasin as additional director of the Company

7. Board re-appointed Mr. Sanjay Kumar Jain, Practicing Company Secretary for secretarial audit.

Source : BSE - >www.bseindia.com

Published on March 14, 2016
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