HINDMOTOR

Hindustan Motors Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on October 08, 2010, has pursuant to the provisions of Sections 78 and 100 to 103 of the Companies Act, 1956 proposed writing off the entirety of the Securities Premium Account of Rs. 3,17,27,232/- (Rupees Three crore Seventeen lakhs twenty seven thousand two hundred thirty two) as on March 31, 2010 and reduction of the paid up share capital of the Company by half by reducing the paid up value of each equity share from Rs. 10/- per equity share fully paid up to Rs. 5/- per equity s

Hindustan Motors Ltd. has informed the Exchange that the BOD's of the Company at its meeting held on February 19, 2005, have, subject to necessary approvals from shareholders under Section 293(1)(a) and such other approvals and consents as may be needed, approved the transfer of Company's Power Unit Plant at Pithampur, Indore and the Power Product Division at Hosur, Tamil Nadu to its own subsidiary company, AVTEC Limited at or for a total consideration of Rs.283.9 crores. The BOD's of the Company approved that Actis Powertrain Investments Limited acquire 30% of equity shares of AVTEC Limited,