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Bharat Seats Ltd. - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

| Updated on July 24, 2019 Published on July 24, 2019

Pl. refer to the outcome of the Board meeting of our Company held on 23rd July, 2019, intimated to your office on 23rd July, 2019.

In continuation to the above said, we, wish to inform as under:

1. The Board of Directors in their meeting held on 23rd July, 2019 approved the alteration of the Memorandum of Association and adoption of a new set of Articles of Association, to bring the same in line with the provisions of the Companies Act, 2013, which is subject to the shareholders approval in the ensuing Annual General meeting.
2. Further to our intimation dated 25th March, 2019 relating to the grant of in principle approval for setting up of new production facility in Gujarat, the Board of Directors of the Company gave their final approval for setting up of the said facility at a total cost of Rs.38 crores approximately, which includes the cost of land. The said project cost is proposed to be funded mainly out of internal accruals and borrowings, wherever required.

Pdf Link: Bharat Seats Ltd. - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Source : BSE - www.bseindia.com

Published on July 24, 2019
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