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MAX INDIA LTD. - Max India Ltd reply to clarification sought by the exchange
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14 Jan 2015
The Exchange had sought clarification from Max India Ltd with respect to news article appearing in The Economic Times on January 14, 2015 titled &quot;Max India may be heading for 3-way Split&quot;&lt;BR&gt;&lt;BR&gt;Max India Ltd replied stating &quot;we would like to clarify as under:&lt;BR&gt;&lt;BR&gt;(i) Management of the Company is in the process of finalizing few options for corporate restructuring, which will be presented to Investment &amp; Finance Committee (I&amp;FC) for its consideration; &lt;BR&gt;&lt;BR&gt;(ii) We are in the process of ascertaining the availability of directors to convene a meeting of the I&amp;FC; &lt;BR&gt;&lt;BR&gt;(iii) Given the sensitivity around the proposal, we are contemplating to convene the meeting of I&amp;FC and Board of Directors of the Company on the same day, where management will propose the options to I&amp;FC and it will recommend the preferred option to Board of Directors for their approval; and&lt;BR&gt;&lt;BR&gt;(iv) As soon as the date of the meeting is finalized, we will notify the stock exchanges.&quot;
View all announcements for MAX INDIA LTD. Source: BSE India

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