Other Info
Result of Postal Ballot
The members of the Company have, by way of Postal Ballot, passed the Special Resolution with requisite majority for amending Object Clause of the Memorandum of Association of the Company under section 17 of the Companies Act, 1956.
The brief summary of the results as declared by the Chairman in duly convened meeting dated 22nd January, 2010 is as under:
| Postal ballots |
Number of shares |
% in terms of votes casted against no of valid participating shares |
|
In favour |
25,42,66,369 |
100% |
|
Against |
12,565 |
Negligible |
|
Total |
25,42,78,934 |
100.00% |
The members of the Company have, by way of Postal Ballot, passed the Ordinary/Special Resolutions with requisite majority.
The brief summary of the Results declared at the Registered Office of the Company on 2nd April, 2012 is as under:
Item No. 1:
Ordinary Resolution: Increase in borrowing limit under section 293 (1) (d) of the Companies Act, 1956.
| Type of Vote |
No. of Shares |
% of Votes |
|
In favour |
341722294 |
96.19% |
|
Against |
13550323 |
3.81% |
|
Total |
355272617 |
100.00% |
Item No. 2:
Special Resolution: Creation of charge /security in favor of lenders under section 293 (1) (a) of the Companies Act, 1956.
| Type of Vote |
No. of Shares |
% of Votes |
|
In favour |
341706613 |
96.18% |
|
Against |
13558900 |
3.82% |
|
Total |
355265513 |
100.00% |
Item No. 3:
Special Resolution: Increase of limit of inter corporate loans, investments etc under section 372A of the Companies Act, 1956.
| Type of Vote |
No. of Shares |
% of Votes |
|
In favour |
355198303 |
99.98% |
|
Against |
67736 |
0.02% |
|
Total |
355266039 |
100.00% |
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