At meeting held on 04 March 2015
Titagarh Wagons announced that the Board of Directors of the Company at its meeting held on 04 March 2015, inter alia, has:1. Approved Sub-division of Equity Shares of Rs. 10 each into Equity Shares of face value of Rs. 2 (Two) each subject to consent of the shareholders and alteration of Memorandum & Articles of Association of the Company to reflect the same as well as bring the said constitutional documents in line with the provisions of the Companies Act, 2013 (the Act);
2. Approved in-principle, by passing an enabling resolution raising of funds through issuance of securities viz. Equity or Equity related instruments up to a maximum of Rs. 250 crore subject to shareholders' and other approvals required under the applicable provisions of the Act and SEBI (ICDR) Regulations, 2009;
3. Decided to take the approval of shareholders for the above by way of Postal Ballot.
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