Delhi: Escorts Ltd has announced the postponement
of its annual general meeting (AGM) scheduled for 30 September
to a later undisclosed date.
the company maintains that the postponement has been due
to unavoidable procedural circumstances, the move is being
seen with much interest in the market as it comes in the
wake of Escorts'' subsidiary, Escorts Heart Institute and
Research Centre (EHIRC), proposing to change its status
under the Companies Act.
has written a letter to the income-tax authorities in
Chandigarh, where it is registered, stating its intent
to convert itself into a company under Section 25 of the
Companies Act with charity as one of its main objectives.