Board of India Nippon Electricals approves sub-division of shares

At meeting held on 29 January 2018

The Board of India Nippon Electricals at its meeting held on 29 January 2018 has decided to sub-divide the face value of the equity shares of the company which is currently Rs. 10 (Rupees ten) each into equity shares of face value of Rs. 5/- (Rupees five only) and make alteration to the capital clause V in the Memorandum of Association of the Company and alternation to Article 3 of the Articles of Association of the Company. The Board decided to take the approval of shareholders through postal ballot.

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