The AGM also approved the company borrowing a sum not exceeding Rs 1,500 crore and writing a corporate guarantee on behalf of Zuari Cement and Sri Vishnu Cement not exceeding Rs 9 crore.
TVS Motor Company has informed the BSE that at its EGM held on December 8, 2003 the resolution for splitting the face value of equity shares into Re 1 each (new equity shares) and for making consequential amendment to the capital clause in the Memorandum and Articles of Association had been passed by the shareholders.
Ten equity shares of Re 1 each will be issued for every one equity share of Rs 10 each held by them as on the record date of December 26, 2003.
