Held on 30 October 2014
Shriram City Union Finance announced that the Board of Directors of the Company at its meeting held on 30 October 2014, inter alia, have:1. Approved delisting of Company's equity shares voluntarily from Madras Stock Exchange (MSE) subject to SEBl (Delisting of Securities) Guidelines 2009, listing agreement of the Company with Madras Stock Exchange, Companies Act 2013, Articles of Association of the Company and any other applicable laws and regulations from time to time and subject to approval of shareholders.
2. has approved the Notice to convene an Extra-ordinary General Meeting if required to alter the Articles of Association of the Company by re-aligning the same with the Companies Act. 2013, issue of NCDs and delisting of equity shares from Madras Stock Exchange in January 2015.
3. Accepted the offer of G. S. Sundararajan to step down from the position of Managing Director of the Company and to continue as a Director on the Board of the Company.
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