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Mahindra Forgings
NSE Announcements on Mahindra Forg
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MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on July 29, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Mahindra Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Ltd has informed BSE that the 9th Annual General Meeting (AGM) of the Company was held on July 29, 2008....
NSE Announcements on Mahindra Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 29, 2008 had inter alia approved the Unaudited Financial Results for the quarter ended June 30, 2008. Thereafter, in view of the Annual General Meeting the Board of Directors had adjourned the Meeting to a time after the conclusion of the Annual General Meeting. The Board of Directors of the Company at the adjourned meeting has appointed Mr. Piyush Mankad and Mr. Daljit Mirchandani as Additional Directors of the Company....
NSE Announcements on Mahindra Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Limited has informed the Exchange vide its letter dated July 29, 2008 that " The approval of the shareholders to the amendment to the Mahindra Forgings Limited Employees Stock Option Scheme (the Scheme). After the Annual General Meeting the Remuneration/ Compensation Committee held its meeting and granted 2,45,000 options to certain eligible employees of the subsidiary Companies. Details of the options granted are as follows: 1) Number of options granted: 2,45,000. Each option represent one equity share of Rs.10/- each. 2) Number of ordinary shares convered under the option granted: 2,45,000 equity shares of Rs. 10/- each. 3) Exercise Price: Rs. 102/- per option (part of the further grant) 4) Vesting of options: The options granted pursuant to the Scheme shall vest in following tranches: a) 25% of the total number of Options will vest on 29th July, 2009. b) 25% of the total number of Options will vest on 29th July, 2010. c) 25% of the total number of Options will vest on 29th July, 2011. d) 25% of the total number of Options will vest on 29th July, 2012. 5) Exercise period: Within a period of five years from the grant of options. The grants have been made as per the terms and conditions of the Scheme"....
NSE Announcements on Mahindra Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Limited has informed the Exchange that the Annual General Meeting of the Company has been held on July 29, 2008: (1) Re-appointment of Mr. Nikhilesh Panchal, Mr.V.K. Chanana and Mr. Zhooben Bhiwandiwala as Directors of the Company. (2) Appointment of M/s B.K.Khare & Co., Chartered Accountants as Statutory Auditors of the Company. (3) Appointment of Mr.Oliver Scholz as a Director of the Company. (4) Approval by the members of the Amendment to Mahindra Forgings Limited Employees Stock Option Scheme by way of a Special Resolution, increasing the maximum limit of Stock Options from 14,01,029 equity shares to 34,28,386 equity shares i.e. 5% of the issued and paid-up equity share capital of the Company as on March 31, 2008....
BSE Announcements on Mahindra Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Ltd has informed BSE that after the Annual General Meeting the Remuneration / Compensation Committee at its meeting held on July 29, 2008, has granted 2,45,000 options to certain eligible employees of the subsidiary Companies.
Details of the options granted are as follows:
1. Number of options granted : 2,45,000. Each option represents one equity share of Rs 10/- each.
2. Number of ordinary shares covered under the option granted : 2,45,000 equity shares of Rs 10/- each.
3. Exercise price: Rs 102/- per option (part of the further grant).
4. Vesting of options: The options granted pursuant to the Scheme shall vest in following tranches:
(a) 25% of the total number of Options will vest on July 29, 2009.
(b) 25% of the total number of Options will vest on July 29, 2010.
(c) 25% of the total number of Options will vest on July 29, 2011.
(d) 25% of the total number of Options will vest on July 29, 2012.
5. Exercise period: Within a period of five years from the grant of options.
The grants have been made as per the terms and conditions of the Scheme....
BSE Announcements on Mahindra Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 29, 2008, inter alia, have accorded to the following:
1. Audited Annual Accounts of the Company for the ended March 31, 2008 has been adopted.
2. Re-appointment of Mr. Nikhilesh Panchal, Mr. V K Chanana and Mr. Zhooben Bhiwandiwala as Directors of the Company.
3. Appointment of M/s. B K Khare & Co., Chartered Accountants as Statutory Auditors of the Company.
4. Appointment of Mr. Oliver Scholz as a Director of the Company.
5. Approval by the members of the Amendment to Mahindra Forgings Ltd Employees Stock Option Scheme by way of a Special Resolution, increasing the maximum limit of Stock Options from 14,01,029 equity shares to 34,28,386 equity shares i.e. 5% of the issued and paid-up equity share capital of the Company as on March 31, 2008....
BSE Announcements on Mahindra Forg
Posted by : MMB MessengerTracked by: 0 Boarder
Mahindra Forgings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2008, inter alia, has appointed Mr. Piyush Mankad and Mr. Daljit Mirchandani as Additional Directors of the Company....
Bonus 1:1
Posted by : rvk41Tracked by: 0 Boarder
The board of directors of Mahindra Forgings at its meeting held on Jul. 25, 2008, recommended bonus share in the ratio of 1:1 i.e. one bonus share for every existing equity share held.
The issue of bonus shares shall be considered by the shareholders in the ensuing Annual General Meeting to be held on Aug. 18, 2008.
Mahindra Forgings, formerly Mahindra Automotive Steels, is a manufacturer and supplier of a wide range of forgings essentially for the automotive industry
For information,with regards
rvk41...
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