Harita Seating Systems has enabled a special resolution through postal ballot, fixing a specific limit of Rs 50 crore for investment in securities or providing loan or giving guarantee. However the company has no immediate plan on raising funds.
Under Section 372A of the Companies Act, 1956, the company has to attain authorisation from shareholders for investment for acquisition by way of subscription, purchase or securities, making any loan or giving guarantee or providing security exceeding 60 percent of the paid up capital and free reserves or 100 percent of the free reserves, whichever is more.
Harita Seating Systems was incorporated as Harita Grammer through a joint venture with Grammer AG of Germany and promoted by Harita group and Grammer group in 1986 and started commercial production in 1989. It specializes in manufacture & supply of safe, comfortable, durable seats for various types of vehicles. They provide seating solutions to the commercial vehicles, buses/coaches, agriculture tractors, construction machinery, two wheelers, three wheelers, cars, multi-utility vehicles etc.
Company Name | CMP |
---|---|
SamvardhanaMotherson | 182.25 |
TVS Holdings | 12564.25 |
Bosch | 35209.70 |
UNO Minda | 976.00 |
Endurance Tech | 2405.35 |
View more.. |