Outcome of board meeting of Tumus Electric Corporation

Held on 23 June 2018

Tumus Electric Corporation announced that the Board of Directors at its meeting held on 23 June 2018 approved the following -

1.The Issuance of 6,39,83,129 Equity Shares on preferential basis by swap against Equity Shares / Preference Shares / Debentures of Modulex Modular Buildings at the ratio of 1:1, subject to approval of the shareholders;

2.Draft Letter of Offer (PAS-4);

3.Shifting of Registered Office from Ground Floor, Bagri Niwas, 53/55 Nath Madhav Path, Kalbadevi, Mumbai - 400 002 to A-82, MIDC Industrial Estate, Indapur, District Pune - 413132 and consequent alteration in the clause II of the Memorandum of Association of the company;

 

4.Appointment of CNK & Associates LLP as the Statutory Auditors of the company;

5.The draft Notice of Postal Ballot, for the above listed purposes.

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