Saturday, January 12, 2008

Brakes Auto - Outcome Of Board Meeting

Brakes Auto India Ltd has informed that the Board of Directors of the Company at its meeting held on January 11, 2008, inter alia, has taken the following decisions:

1. The Board approved the proposal to carry on the business of manufacturing and trading of Gems & Jewellery, diamonds, and gold refinery and other incidental objects relevant thereto.

2. Alteration of Objects Clause of Memorandum of Association and Commencement of New Business:

Approved the alteration of the Other Objects Clause of the Memorandum of Association by inserting a new clause relating to the manufacturing and trading of Gems & Jewellery, diamonds, and gold refinery and other incidental objects relevant thereto and appointed a Committee consisting of Mr. Suresh Sharma, Managing Director and Mr. Indresh Khanna, Director to finalise the Postal Ballot Notice, for obtaining the shareholders approval to the Alteration of Objects Clause and commencement of new business, and appoint Scrutiniser and Alternate Srcutiniser for the purpose of conducting Postal Ballot and take all appropriate steps to implement the above proposal.

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