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Mahindra CIE Automotive Limited - Approval Of Shareholders To Material Related Party Transactions Through Postal Ballot
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18 May 2022
Pursuant to Section 110 of the Companies Act, 2013 read with the Rules and the General Circular issued by the Ministry of Corporate Affairs, the Company would be seeking approval of its members as required under Regulation 23(4) of the SEBI Listing Regulations to (i) the material related party transactions of the Company with Mahindra and Mahindra Limited and (ii) the material related party transactions of CIE Galfor S.A. (a wholly-owned subsidiary of the Company) with CIE Automotive S.A. (ultimate holding company of the Company), through Postal Ballot which shall mean voting by electronic means through the remote e-voting facility only. The Notice of Postal Ballot comprising of the resolutions proposed for approval of the members and the explanatory statement thereto and reasons thereof, shall be sent only by email to the Members of the Company whose emailaddresses are registered and whose names appears on the Register of Members/ List of Beneficial Owners, as on Friday 20 May 2022.
View all announcements for Mahindra CIE Automotive Limited Source: BSE India