Kirloskar Oil Engines Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot for seeking their approval for the hive off of the Valves Division of the Company’s Auto Components Business located at (1) MIDC, Ahmednagar (the Export Oriented Unit) and (2) MIDC, Nashik, as per the provisions of Section 293(1)(a) read with Section 192A of the Companies Act, 1956.
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