Board of Z F Steering Gear India approves increase in authorised share capital

19 Oct 2022 , 01:33 AM

The Board of Z F Steering Gear India at its meeting held on 15 October 2022 has discussed deliberated upon various resource raising options in order to raise required funds for and as per Companys financial needsplans 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 The Board subject to approval of the Members of the Company decided to increase the Authorised Share Capital of the Company from Rs100000000 to Rs200000000 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 Authorised Share Capital of the Company