Board of Svarnim Trade Udyog approves sub-division of shares

At meeting held on 25 August 2016

Svarnim Trade Udyog announced that the Meeting of the Board of Directors of the Company was held on 25 August 2016, inter alia, has approved the following:

1. Approved Split/ Sub-division of Equity shares of the Company of the face value on of Rs. 5/- (Rupees Five only) to face value of Rs. 1/- (Rupees One only) each as per section 61 of the Companies Act 2013 subject to approval of the shareholders.

2. Approved Consequential capital clause of Alteration of Memorandum of Association and Articles of Association to give effect to sub-division of Face value of the Equity Shares of the Company.

3. Appointed Kavita R. Joshi, Practicing Company Secretary as Secretarial Auditor for the Financial Year 2016-17.

4. Approved shifting of registered office from 3-A, Surana House, 1st Floor, Mangoe Lane, Kolkata-700001 the state of West Bengal to 12 Vinod Premji ch, Orlem Tank Road, Malad West Mumbai-400064 the state of Maharashtra.

5. Appointed Kavita R. Joshi, Practicing Company Secretary as the scrutinizer for e-voting and physical voting at Annual General Meeting as well as to conduct the postal ballot and e-voting for shifting of registered office and submit report of the same.

Powered by Capital Market - Live News