Enkei Castalloy approves sub division of equity shares to Rs.5

Enkei Castalloy Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 30, 2006, inter alia, have accorded to the following:

1. Each equity share of the Company of the face value of Rs 10/- each be Sub-divided into 2 equity shares of the face value of Rs 5/- each and consequently amendments in Memorandum of Association of the company.

2. Alteration in the Articled of Association of the Company as follows:

i. Articles 7 be deleted and the new articles be substituted.

ii. In Article 20, the following line be inserted at the end of the para:

"No option or right to call on shares shall be given to any person except with the sanction of the Company in the general meeting".

Source : Equity Bulls

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