Mafatlal Finance Company Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the following resolutions with majority:
1. Shifting of the Registered Office of the Company from Navi Mumbai to Mumbai.
2. Sale of fractional entitlements due to reduction of capital to promoters at Rs. 5/- (Face Value).
3. Sale of shares not exceeding 10% of the paid up capital of the wholly owned subsidiary Company to the promoters in equal proportion at fair value.