Vax Housing Finance Corporation Ltd: Outcome of Board Meeting

Vax Housing Finance Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 03, 2011, inter alia, decided to alter the main object clause of the Memorandum of Association of the Company by inserting object relating to retail sector, Increase in Authorised Share Capital of the Company from Rs. 10,00,00,000/- to Rs. 14,00,00,000/- and issue of Warrants on preferential basis and for that the Board has approved draft Notice and postal ballot form to avail consent of members through Postal Ballots. Board of Directors has Appointed Mr. Devesh Khandelwal, Practicing Company Secretary as Scrutinizer for conducting the Postal Ballot.