Z.F.STEERING GEAR (INDIA) LTD. - Announcement under Regulation 30 (LODR)-Raising of Funds

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15 Oct 2022
The Board of Directors of the Company, inter alia, in addition to approval of financial results: 1. The Board discussed/ deliberated upon various resource raising options, in order to raise required funds, for and as per Company's financial needs/plans. The Board, then decided to form a 'Committee of Directors', of the Board, in order to study and analyze various financing options and recommend to the Board, suitable financing options. 2. The Board, subject to approval of the Members of the Company decided to increase the Authorised Share Capital of the Company from Rs.10,00,00,000 (Rupees Ten Crore) to Rs.20,00,00,000 (Rupees Twenty Crore) and decided to conduct a postal ballot, in respect of this and incidental matters. The Board also approved Postal Ballot Notice, to conduct postal ballot, for and in respect of seeking Members' approval, for this increase in the Authorized Share Capital of the Company.
View all announcements for Z.F.STEERING GEAR (INDIA) LTD.	Source: BSE India

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