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Escorts Ltd.

BSE: 500495 Sector: Auto
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Intimation Of The Outcome Of The Board Meeting Under Regulation 30 Of The Securities And Exchange Bo

March 20, 2020, 3:20 pm | Source: BSE

In terms of Regulation 30 read with Schedule III of the Listing Regulations we hereby inform you that at the meeting of the Board of Directors (Board) of Escorts Limited (Company) held today i.e. Friday March 20 2020 the Board has approved inter alia the following:
1. Preferential Issue
2.Amendment of the Articles of Association in connection to the Proposed Issue
3. Reduction of share capital
4. Approval of Postal Ballot Notice and related matters thereof
5. Acquisition of 40% stake in Kubota Agricultural Machinery India Private Limited