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Nitin Castings Ltd - Outcome of Board Meeting

| Updated on January 14, 2019 Published on January 14, 2019

1. Sub-division of 50,00,000 equity shares of face value of Rs.10/- per equity shares in to 1,00,00,000 of equity shares of face value of Rs.5/- per equity share subject to approval by the shareholders of the Company by way of Notice by Postal ballot (Ordinary Resolution).

2. Consequential amendment will be made to the Memorandum of Association of the Company pursuant to the provisions of the Companies Act, 2013 and the applicable rules made thereunder as per the disclosure in the prescribed format pursuant to Securities and Exchange Board of India Circular CIR/CFD/CMD/4/2015 dated September 9, 2015

3. The Postal Ballot Notice pursuant to Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014 and other applicable provisions of the Companies Act 2013, to seek the approval of the shareholders of the Company for the aforesaid Item (1) & Item (2) above;














4. The Board of Directors considering the reviews received from the RTA, it was decide the for the purpose of Sub-division of Equity shares the Register of Members /and Transfer book is not required to be closed.

5. Amendment of Stakeholders Grievance Committee to Stakeholders Grievance & Share Transfer Committee and also extend the scope/roles of the Committee.

6. Appointment of Mrs. Kala Agarwal, of M/s. Kala Agarwal & Associate, Practicing Company Secretaries, Mumbai as scrutinizer for conducting the Postal Ballot process (through physical Postal Ballot Form and voting through electronic means) in a fair and transparent manner.

Pdf Link: Nitin Castings Ltd - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on January 14, 2019
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