| Announcement
Date |
Announcement |
| 14-10-2008 |
The meeting of the Board of Directors of the Company will be held on Tuesday, the 21st day of October, 2008 inter-alia to consider the Unaudited Financial Results for the quarter ended 30th September, 2008. |
| 11-08-2008 |
The members of the Company at the 21st Annual General Meeting held on Monday, the 11th August, 2008 have declared the payment of final dividend @Rs.1.35 per share (135%) |
| 21-07-2008 |
Register of Members and Share Transfer Books shall remain closed from 5th August, 2008 to 11th August, 2008 (both day inclusive) for the purpose of payment of Dividend and Annual General Meeting to be held on Monday, 11th August, 2008 at 11.30 A.M. at FICCI Golden Jubilee Auditorium, Tansen Marg, New Delhi for the financial year ended 31.03.2008. |
| 21-07-2008 |
The meeting of the Board of Directors of the Company will be held on Saturday, the 26th day of July, 2008 inter-alia to consider the Unaudited Financial Results for the quarter ended 30th June, 2008. |
| 05-02-2008 |
The Company has informed the Stock Exchange(s) under Regulation 7(3) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 and Regulation 13(6) of SEBI (Prohibition of Insider Trading) regulations, 1992 that pursuant to a Scheme of Amalgamation approved by the Hon’ble High Court of Delhi (effective from February 4, 2008) Samvardhana Motherson Finance Ltd. (SMFL) has acquired Equity shares held by Motherson Consultancy Private Ltd. in the Company. |
| 14-01-2008 |
At the meeting of the Board of Directors held on 14th January, 2008, the Company has made an allotment of 70,000 Equity Shares of face value of Re. 1/- each pursuant to conversion of Zero Coupon Foreign Currency Convertible Bonds (FCCB) of Euro 0.10 Million as per the terms & conditions of FCCB Offering Circular dated 8th July 2005.
The Company is in the process of getting the listing and trading approval from the Stock Exchange(s) for the aforesaid Equity Shares.
|
| 22-12-2007 |
At the meeting of the Board of Directors held on 22nd December, 2007, the Company has made an allotment of 21,00,000 Equity Shares of face value of Re. 1/- each pursuant to conversion of Zero Coupon Foreign Currency Convertible Bonds (FCCB) of Euro 3 Millions as per the terms & conditions of FCCB Offering Circular dated 8th July 2005.
The Company is in the process of getting the listing and trading approval from the Stock Exchange(s) for the aforesaid Equity Shares.
|
| 18-10-2007 |
This is to inform you that a meeting of the Board of Directors of the Company was held today i.e. 18th October 2007. The Board has made allotment of 1,050,000 Equity Shares of Re. 1/- each pursuant to conversion of Zero coupon Foreign Currency Convertible Bonds of Euro 1.50 Millions.
We also wish to inform that the Company is in the process of getting the requisite listing and trading approval(s) from the Stock Exchange(s) for the aforesaid issued Equity Shares. |
| 15-10-2007 |
This is to inform you that a meeting of the Board of Directors of the Company will be held on October 25, 2007 which shall, among other things, consider and approve the Un-Audited Financial Results for the quarter & half year ended on September 30, 2007 in accordance with Clause 41 of the Listing Agreement. |
| 09-08-2007 |
Subject : Joint Venture between Calsonic Kansei Corp. and Motherson Sumi Systems Limited
This is to inform that the Company has entered into a joint venture with Calsonic Kansei to meet the growing needs of the automotive manufacturers in India including the new car makers who have announced their plans to set up manufacturing base in India. Calsonic Kansei (www.calsonickansei.co.jp) is a global comprehensive automotive parts manufacturer specializing climate control systems, power train cooling products, exhaust systems, Body Control Modules, Cockpits and interior components, assemblies and modules.
The proposed name of the Joint Venture company is Calsonic Kansei Motherson Auto Products Ltd. (CKM) in which Calsonic Kansei will have 51% and Motherson Sumi Systems Limited (MSSL) will have 49% share. The production is planned to be started in 2009 starting with manufacturing/sales of automotive air-conditioning units for Japanese car makers in India.
The Joint Venture will get advantage of strong synergies as Calsonic Kansei will provide product and manufacturing technology which will be supported by Company’s high performance development/production engineering in the fields of polymer moulding and tool making. The business will be further complimented by the well established manufacturing facilities of the Company at various locations.
This is an important event for both the Company and Calsonic Kansei in the growing automotive market of India. This joint venture is in line with Company’s stated policy of bringing the best for its customers by aligning with the global technology leaders. Our Company remains committed to provide solutions and enhanced value to its customers by increasing the content per car. |
| 07-08-2007 |
The Company has informed stock exchanges that August 31, 2007 has been fixed as the Record Date for the purpose of issue of Bonus Shares in the ratio of one equity share for every two shares. |
| 18-07-2007 |
This is to inform you that a meeting of the Board of Directors of the company will be held on July 30, 2007 which shall, among other things, consider and approve the UnAudited Financial Results for the quarter ended on June 30, 2007 in accordance with Clause 41 of the Listing Agreement. |
| 02-07-2007 |
This is to inform that one of the Company's wiring harnesses facilities at Noida caught fire, causing extensive damage to the stocks, equipment and building of the unit. Fortunately, there was no harm to human life. In order to ensure continuity of supplies to the customers, the Company is utilizing additional capacities at other 10 manufacturing locations of the Company as well as support from the supply chain partners. The Company does not expect to have material impact on the overall operations of the Company. |
| 22-05-2007 |
This is to inform that apart from approval of yearly audited accounts for the year ending 31st March 2007 and declaration of dividend, the Board of Directors of the company will also consider issue of bonus shares to the existing shareholders at their next meeting to be held on 26-5-2007. |
| 15-05-2007 |
This is to inform you that a meeting of the Board of Directors of the company will be held on May 26, 2007 which shall, among other things, consider and approve:
i) Audited Financial Results for the year ended on March 31, 2007
ii) Recommendation of dividend for the year 2006-2007
|
| 15-05-2007 |
This is to inform that the company through its subsidiaries, Motherson Elastomers Pty Limited and Motherson Investments Pty Limited, has acquired, subject to approval of agreement by Australian Industrial Relations Commission, the business and assets of Empire Rubber ( Bendigo, Victoria, Australia), which had been engaged in rubber mixing and manufacture of rubber extruded components, from Huon Corporation Pty Limited (in Liquidation ), together with transfer of about 100 employees on going concern basis. The acquisition is expected to generate an annual business of approx Aus$ 35 million giving the company an access for supply of these components to automotive OEM 's and Tier 1 suppliers as well as non-automotive customers, including business under the trading name " SilentBloc" in Australia. The acquisition will strengthen the company's Positioning as a full systems supplier to the OEMs |
| 11-01-2007 |
The Company has informed the Exchange that the meeting of Board of Directors of the Company shall be held on Tuesday the 30th day of January, 2007 to consider among other things the Unaudited financial results for the quarter ended on 31st December, 2006. |
| 18-10-2006 |
The Company has informed the Exchange that the meeting of Board of Directors of the Company shall be held on Monday the 6th day of November, 2006 to consider among other things the audited financial results for the half year ended on 30th September, 2006. |
| 04-09-2006 |
The Company informed the Exchange that the amalgamation of Motherson Advance
Polymers Limited (a 100% subsidiary of the Company) with the Company has been approved by the Hon'ble High Court of Delhi in the hearing held on 04.09.06 |
| 07-08-2006 |
The company informed the Exchange that it has purchased the business and
assets of ASL Systems Limited (in administration) from the Administrator on
4th August 2006 through 100% owned UK subsidiary, MSSL GB Limited. ASL
Systems Limited (ASL), based at Gateshead , New Castle , UK was engaged in
the manufacture and supply of wiring harnesses and related products. During
the calendar year 2005, ASL did turnover of GBP 5.593 millions. Consequent upon purchase of business, the company has now manufacturing facilities of wiring harnesses in UK. |
| 20-05-2006 |
The Company informed the Exchange that the shareholders of the Company in their meeting convened on 20th May, 2006 have approved the amalgamation of Motherson Advance Polymers Limited (100% subsidiary of the Company) with the Company with a modification that the appointed date be changed to 1-2-2006 from 01.04.05. |
| 18-05-2006 |
The Company informed the Exchange that the amalgamation of Draexlmaier & Motherson Electrical Systems (I) Limited (100% subsidiary of the Company) with the Company has been approved by the Hon’ble High Court of Delhi and the merger has become effective w.e.f. 16.05.06. |
| 06-05-2006 |
The Company informed the Exchange that the meeting of Board of Directors of the Company shall be held on Friday the 26th day of May, 2006 to consider among other things the audited financial results for the year ended on 31st March, 2006. |
| 04-03-2006 |
The Company informed the Exchange about the change of share transfer agent from M/s MCS Limited, W – 40, Okhla Industrial Area Phase - II, New Delhi to M/s Karvy Computershare Private Limited, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad-500034 w.e.f. 1st April, 2006. |
| 01-02-2006 |
The Company has filed Scheme of Amalgamation with the Stock Exchange’s seeking their NOC to the Amalgamation of Motherson Advance Polymers Limited, a 100% subsidiary of the Company with the Company. The Scheme is attached herewith.
For
Details view (PDF) |
| 27-01-2006 |
Motherson Sumi Systems Limited (MSSL) and Balda AG (Balda) have agreed to set up a joint venture for development of precision moulds , design and manufacture of parts for mobile phones including accessories and appliances for mobile phones at Chennai. With an investment of US 10 millions in the next 12 to 18 months, the plant is scheduled to be ready for production by the end of second quarter of 2006. The joint venture company expects to have sales of US 18 millions in the year 2006-07. The Joint venture will have shareholding in the ratio of 40: 60 for MSSL and Balda respectively. The joint venture would supply parts to Balda’s global customers who have announced to set up facilities for manufacture of mobile hand sets or have already started to do so.
Balda is the world's second largest systems supplier of precision components made from high-performance plastics for the mobile-phone industry. Besides customers in this core market Balda also supplies customers in near-by industries. Its portfolio of goods and services includes not just production, but also the design of new products, the development and manufacture of moulds and production systems, product finishing with all common types of surfaces as well as assembly. The company is based in Bad Oeynhausen in East Westphalia. In addition to the sites in Germany the technology company has production plants in China, Malaysia, Brazil and with this joint venture ,will have now facilities in India. |
| 11-01-2006 |
The Company informed the Exchange that the Board of Directors of the Company has appointed Mr. Arjun Puri as an Additional Director on 11.01.06. Mr. Arjun Puri is an independent Director. |
| 10-01-2006 |
The Company informed the Exchange that the meeting of Board of Directors of the Company shall be held on Saturday the 28th day of January, 2006 to consider among other things the unaudited financial results for the quarter ended on 31st December, 2005. |
| 13-12-2005 |
The Board of Directors of the Company in their Board Meeting held on 13th December, 2005 have approved the following:
- Setting up of new subsidiary (51%) company in Joint Venture with Sumitomo Wiring Systems Limited, Japan at Sharjah for supply of wiring harnesses to Sumitomo Wiring Systems .
- Merger of Motherson Advance Polymers Limited with the Company w.e.f. 1-4-2005 subject to such approvals as may be required in this regard : Motherson Advance Polymers Limited (MAP) is engaged in the manufacture of plastic components, mainly supplying to white goods industry. The merger shall be done by making it wholly owned subsidiary by acquiring 100% shares from the existing shareholders of MAP.
|
| 21-10-2005 |
The Company
has informed the Exchange that the meeting
of the Board of Directors of Motherson Sumi
Systems Limited shall be held on Monday the
31st day of October, 2005 to consider among
other things the unaudited results for the
half year ended on 30th September, 2005. |
| 01-10-2005 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that Motherson Consultancy Private Limited
have acquired 50790240 shares aggregating
to 21.623% of the share capital of Motherson
Sumi Systems Limited on September 27, 2005,
as under: (1) From Motherson Advanced Systems
and solutions Limited - 6,732,495 shares
(2.866%). (2) From Motherson Auto Private
Limited - 44,057,745 shares (18.757%). The
mode of acquisition is through scheme of
arrangement for merger of Motherson Advanced
Systems and Solutions Limited (MASS) into
Motherson Auto Private Limited (MAPL) and
Demerger of Investment Division of Motherson
Auto Private Limited into Motherson Consultancy
Private Limtied (MCPL) duly approved by Hon'ble
High court of Delhi. The Shareholding of
Motherson Advanced Systems and Solutions
Limited and Motherson Auto Private Limited
in Motherson Sumi systems Limited acquired
by Motherson Consultancy Private Limited.
The shareholding of Motherson Consultancy
Private Limited after the said acquisition
is 50790240 shares of Motherson Sumi Systems
Limited aggregating to 21.623% of the share
capital of Motherson Sumi Systems Limited. |
| 12-09-2005 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that the shareholders of the Company have
approved the amalgamation of Draexlmaier & Motherson
Electrical Systems India Limited, a 100%
subsidiary of the Company with the Company
in the meeting convened on September 10,
2005. |
| 08-07-2005 |
Pursuant to resolutions passed by the Board
of Directors of the company at the meeting
held on 31st March 2005 and shareholders
at the meeting held on 10th May 2005, the
company has executed a subscription agreement
in respect of issue of foreign currency
convertible bonds of Euro 50.3 millions
on 8-7-2005 with Nomura International (Hong
Kong ) Limited and ICICI Securities, Inc
acting as joint lead managers for the transaction.
The foreign currency convertible bonds,
to be issued, will have a maturity of 5
years and will be convertible at a conversion
price of Rs 111.45 per share, at a premium
of 50% over the closing price of the shares
of the company on 7th July 2005. The foreign
currency convertible bonds will carry a
zero coupon rate with a yield to maturity
of 4.8% per annum at the end of the tenure,
if not converted into shares during this
period. The bonds are expected to be listed
on the Singapore Stock Exchange. |
| 07-07-2005 |
The
meeting of Board of Directors of the Company
shall be held on Saturday the 23rd day of
July, 2005 to consider among other things
the unaudited financial results for the quarter
ended on 30th June, 2005. |
| 29-06-2005 |
This
is to inform that Mr. Vivek Chaand Sehgal,
Chairman of the company has been appointed
as an Executive Officer of Sumitomo Wiring
Systems, Ltd (SWS), Japan at their BOD held
on 28-6-2005.
Mr. Sehgal is the first foreign national
(non-Japanese) and the first Joint Venture
partner to be appointed as an Executive
Officer of SWS. This is re-affirmation of
SWS's commitment and importance to its joint
ventures in India, which have been in operations
for more than 22 years.
|
| 17-06-2005 |
M/s
Motherson Sumi Systems Limited (MSSL ) has
signed an agreement with Insolvency Administrator
to acquire a running plastics injection molding
company, G + S Kunststofftechnik GmbH ( G+S
) located near Stuttgart in Germany. Consequent
upon acquisition of shares through its wholly
owned subsidiary in Germany, MSSL GmbH., G+S
would become subsidiary of MSSL.
G+S manufactures and assembles plastic
injection molding components for the Tier-1
suppliers catering to major automobile manufacturers
in Europe. The company has an existing turnover
of approximately Euro 9 million per annum.
The company also manufactures special 2k
plastic components.
The settlement with the insolvency administrator
envisages an investment of Euro 2.0 millions
towards equity and payment to its creditors,
spread over a period of 3 years.
|
| 13-06-2005 |
SCHEME
OF AMALGAMATION OF MOTHERSON SUMI SYSTEMS
LIMITED.
(TRANSFEREE COMPANY) WITH DRAEXLMAIER &
MOTHERSON ELECTRICAL SYSTEMS INDIA LIMITED
(TRANSFEROR COMPANY)
For
Details view
(PDF) |
| 11-05-2005 |
This
refers to Company's subsidiary "Draexlmaier
& Motherson Electrical Systems India Limited"
(DMSIL) which is engaged into manufacture
of wiring harnesses for Daimler Chrysler India
Limited (DCIL).
The Company has entered into a Technical
Assistance Agreement wherein Lisa would
provide technological improvements and up
gradations to DMSIL for meeting customers
requirements. The Company has also entered
into agreement with Lisa Draexlmaier for
purchase of Lisa's shares (26%) in DMSIL,
thereby DMSIL will become wholly owned subsidiary
of the Company.
|
| 29-04-2005 |
Motherson
Sumi Systems Limited (MSSL) has incorporated
a subsidiary company in Germany "MothersonSumi
Reiner Gmbh" which has entered into agreement
with Reiner Präzision GmbH to take over
their business on going concern basis. The
company shall manufacture plastic and metal
combined components catering to the requirements
of Tier 1 suppliers mainly in automotive industry
in Europe. The existing turnover of Reiner
Präzision GmbH is euro 6 million per
annum and the estimated investment by MSSL
is Euro 1 million. |
| 31.03.2005 |
The Board of Directors in their meeting
held on 31st March, 2005 have convened an
Extra Ordinary General Meeting on 10th May
2005 for seeking shareholders approval for
raising funds up to Rs 3000 millions (US
$ 75 millions) by way of External commercial
borrowings and/or equity and/or foreign
currency convertible bonds. |
|
28.03.2005 |
The meeting of the Board of Directors of
the Company shall be held on Thursday the
31st day of March, 2005 to consider among
other things seeking authorization from
shareholders for raising of funds upto US$
75 millions by way of issue of equity and/
or external commercial borrowings and/ or
Foreign currency convertible bonds. |
| 10-02-2005 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that the Company has fixed February 26, 2005
as the Record Date for the purpose of issue
of bonus shares in the ratio of one equity
share for every two equity shares. |
| 07-01-2005 |
Motherson
Sumi Systems Limited has informed the exchange
that the Board of Directors in their meeting
held on 7th January, 2005 have proposed an
issue of bonus shares in the proportion of
one share for every two share held to the
equity shareholders of the Company. The same
shall be subject to the approval of the shareholders
of the Company. |
| 31-12-2004 |
Motherson
Sumi Systems Limited has informed the exchange
that the meeting of the Board of Directors
of the Company shall be held on Friday the
7th day of January, 2005 to consider among
other things the issue of bonus shares, the
same shall be subject to the approval of the
shareholders in the ensuing General Meeting. |
| 23-11-2004 |
We would like to inform you that in our
Annual Report for the year ended March 31,
2004, under the head "Management Discussions
and Analysis" on page 11, the company
had already disclosed on the formation of
the new Joint Venture with WOCO, the relevant
extracts are reproduced below for your ready
reference:
" The company has signed a third Joint
Venture with WOCO to set up the facilities
to manufacture rubber products in special
Economic zone (preferable Kandla). This
JV will focus on the export market. Share
holding of the joint venture will be similar
to the one above. WOCO will have an option
to increase its stake to 66.67% in the joint
venture, at a future date".
The company had accordingly filed an application
to the Government of India, Ministry of
Finance, FIPB Unit, which has been approved
on 8/11/04. The newspaper has carried the
details about the same.
In relation to possible acquisition, as
published in the news item, as of now, while
we are in discussions for a possible acquisition
of a European company, we could furnish
the details only once the acquisition is
confirmed. Accordingly, we would inform
the stock exchange with the full details
once the acquisition is done. |
| 28-05-2004 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that the BoD's at their meeting held on May
28, 2004, have recommended a dividend @ 100%
(Rs.1/- per share) for the year ended March
31, 2004 and that the Register of Members
and Share transfer books shall remain closed
from September 13, 2004 to September 16, 2004
(both days inclusive). Dividend if approved
by the members at the forthcoming AGM will
be payable to those members who are in the
register of members of the company as on September
16, 2004. |
|
16-05-2004 |
Transfer
of Elastomer Division to new Joint Venture
Entity :
The Company has subsequent to the year end
on May 16, 2004 entered into a Joint Venture
Agreement with WOCO Franz Josef Wolf Holding
GmbH & WOCO Industrieteknik GmbH to establish
a new Joint venture entity and transfer its
existing Elastomer business as a going concern
comprising of all fixed assets (excluding
Land & Building), inventories, other current
assets, accruals and liabilities having a
book value as at March 31, 2004 of Rs. 270,090
thousands at the transfer date of June 1,
2004 at an agreed purchase price. Pursuant
to the above agreement, a company, Woco Motherson
Elastomer Ltd. was incorporated on March 16,
2004 in which the company has subscribed to
50,000 equity shares of Rs 10/- each on April
12, 2004.
Consequent to the above agreement the Company
has agreed to terminate the existing collaboration
agreement for Elastomer business at the transfer
date. Accordingly, the deprecation charge
on technical know-how fees and business &
commercial rights has been revised to depreciate
it over the remaining revised tenure of the
agreement till the transfer date resulting
in an additional charge of depreciation during
the year amounting to Rs 3,757 thousand. |
| 25-02-2004 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that the Record Date for the purpose of sub-division
of equity shares of the Company from Rs.5/-
each to Rs.1/- each is March 23, 2004. |
| 28-01-2004 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that the EGM of the members of the Company
will be held on February 23, 2004 to transact
the following business: 1) The equity shares
of the company having a nominal face value
of Rs.5/- per share, be subdivided into equity
shares having a nominal face value of Rs.1/-
per share and the relevant capital clauses
in the Memorandum and Articles of Association
of the company be accordingly altered. 2)
Resolved that on the resolution for subdivision
of the nominal face value of equity shares
being duly passed and becoming effective at
the General Meeting, Clause V of the MoA of
the Company be deleted and in place thereof
the following new Clause V be submitted: The
Authorised Share Capital of the Company is
Rs.20,00,00,000/- comprising of 20,00,00,000
equity shares of Rs.1/- each. 3) The Company
also proposes to approve the reappointment
of Mr. A Yamauchi, Whole time Director. |
| 16-01-2004 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that at its meeting held on January 16, 2004
the BOD have approved the following: 1) The
Board has approved the Sub-division of equity
shares of the company from face value of Rs.5/-
each to Rs.1/- each subject to the approval
of the shareholders in the ensuing General
Meeting. 2) Mr. K S Jaiprakash has resigned
as Director of the Company and the Board has
accepted the resignation. 3) Mr. Bimal Dhar
has been appointed as additional director
of the company. 4) Mr. Pankaj Mital has been
appointed as Alternate Director to Mr. Bimal
Dhar. |
| 19-09-2003 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that Sumitomo Wiring Systems, Japan has nominated
Mr. Toshimi Shirakawa as a Director of the
Company in place of Mr. Y. Nishioka. The above
change(s) in the Directors of the Company
has been approved by the Board of Directors
in their meeting held on September 17, 2003. |
| 12-08-2003 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that the auditors have conducted the limited
review of the unaudited financial results
for the quarter ended on June 30, 2003 and
found the same to be in order. |
| 29-05-2003 |
Motherson
Sumi Systems Ltd. has informed the Exchange
that at its meeting held on May 29, 2003 the
BOD have recommended a dividend @75% (Rs.
3.75 per share) for the year ended March 31,
2003. |
| 08-05-2003 |
Motherson
Sumi Systems Ltd. has informed the Exchange
about a news item appearing in the Economic
times dated May 8, 2003 titled " Motherson
bags $125-m order from Ford UK". The
Company would like to clarify their positions
as follows:- "1. Being an OEM supplier,
we are always exploring the possibility of
supply of various components to local and
global customers. 2. On receipt of query from
the Economic Times correspondent, we had informed
her that since we are at an advanced stage
of discussion with various customers for many
projects, we cannot confirm or negate information
which she has. We had further advised her
not to publish any premature information to
the markets. 3. However, we find that the
paper has still carried the report and we
would like to confirm that we have no order
as mentioned in the newspaper as of now in
our hand. 4. We assure the stock exchange
that when ever we have any development which
has a significant impact on the company we
will inform the Stock Exchange first." |
|
21-06-2001 |
Motherson
Sumi to restructure business of subsidiaries
:
Motherson Sumi Systems Ltd at the Board Meeting
held on June 20, 2001 has taken the following
decisions:
1. Motherson Automotive Technologies &
Engineering Ltd (MATE), a 100% subsidiary
of the Company which is engaged in the manufacture
of blow molded and injection molded plastic
components shall be merged into the Company
w.e.f April 1, 2001 subject to necessary
approvals.
2. Motherson Sumi Electric Wires Ltd. (MSEW)
a subsidiary of the Company which is engaged
in the manufacture of auto wires shall be
converted into 100% subsidiary by purchasing
the balance shares from other share holders.
|