Others

Enkei Wheels (India) Ltd. - Outcome of Board Meeting

| Updated on April 01, 2019 Published on April 01, 2019

With reference to our earlier letter dated 24th March 2019 and in accordance with the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, the Board of Directors of Enkei Wheels (India) Limited at their meeting held on today i.e. 01st April 2019;

1.Approved the issue up to 8,53,500 Equity Shares of the Company to its Promoter, i.e. Enkei Corporation, Japan on preferential basis at a price being not less than the price determined in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018,
2.Accepted resignation of Mr. Kazuhiko Shimamura (DIN: 05129816) from the post of Managing Director of the company as Mr. Shimamura is intending to return to Japan after completion of his tenure,
3.Appointed Mr. Kazuo Suzuki (DIN 08350372) as Managing Director and Key Managerial Personnel (KMP) in terms of Section 203 of the Companies Act 2013, of the company with effect from 1st April 2019 for the period of 5 (five) years, subject to approval of Members and Central Government,
4.Proposed to hold an Extra Ordinary General Meeting of the Company on 14th May 2019 for seeking approval for preferential issue and appointment of Managing Director.
5.Approved amended Code of Conduct for Fair Disclosure of Unpublished Price Sensitive Information (Code), to be effective from 01st April 2019 in compliance with the requirements of SEBI (Prohibition of Insider Trading) (Amendment) Regulation, 2018.

Pdf Link: Enkei Wheels (India) Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on April 01, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.