Maruti shareholders seek 1:1 bonus
However, the management told its shareholders that considering the company’s capex plan of up to Rs 9,000 crore by 2010, it would not be feasible to grant bonus, and it would utilise the funds for capacity expansion.
As per the agenda of the meeting, the shareholders of Maruti approved the change in its name to Maruti Suzuki India Ltd with effect from the date that the Registrar of the Companies gives its approval.
