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5.Approved amended Code of Conduct for Fair Disclosure of Unpublished Price Sensitive Information (Code), to be effective from 01st April 2019 in compliance with the requirements of SEBI (Prohibition of Insider Trading)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.

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Source : BSE - www.bseindia.com

Published on April 01, 2019

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