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Board of Birla Transasia Carpets approves sub-division of shares

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Capital Market

At meeting held on 21 November 2014

Birla Transasia Carpets announced that the Board of Directors of the Company at its meeting held on 21 November 2014, inter alia, has considered and decided as under:

1. To sub-divide the existing Equity Shares of the Company from Equity Share of face value Rs. 10/- each to Equity Share of face value of Re. 1/- each subject to the approval of Shareholders;

2. To seek consent of the Shareholders through Postal Ballot u/s 110 of the Companies Act, 2013 ('the Act') and Rules framed thereunder for the said subdivision and alteration of Memorandum and Articles of Association thereto; &

 

3. Approved Notice of Postal Ballot along with Explanatory Statement, Postal Ballot Form, Evoting Procedure and related matters.

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First Published: Nov 24 2014 | 3:44 PM IST

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