Falcon Tyres Polls Shareholders

Falcon Tyres Ltd has said it will seek shareholders’ approval through postal ballot for the proposed indirect change in control of the company. In a notice to the Bombay Stock Exchange, Falcon Tyres said shareholders’ approval was required pursuant to the acquisition of all the shares held by the company’s current backers. The board has appointed Gopinath M R, a practising company secretary, as the scrutiniser for the postal ballot, the notice said.