Igarashi Motors India members at the 14th Annual General Meeting (AGM) held on July 26, 2006, have duly approved to increase the borrowing powers of the board.

The board has also approved increase in FII limit upto 40% of the paid-up equity share capital of the Company.

The board has also given consent to issue 5 lakh (3.60% of paid-up share capital) equity shares under Employee Stock Option Plan (ESOP).