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DECLARATION OF RESULTS OF VOTING
CONDUCTED BY POSTAL BALLOT IN TERMS
OF THE NOTICE DATED THE 8TH MAY, 2010
Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules 2001, approval of the Members of the Company was sought by means of Postal ballot vide Notice dated the 8th May, 2010, for the purpose of Issue of 12%, 30,00,000 and 9.6%, 10,00,000 Cumulative Redeemable Non Convertible Preference Shares under Section 81(1A) of the Companies Act, 1956 respectively.
The Scrutinizer received 116 Postal Ballots out of which 91 were valid and 25 were invalid for Resolution No. 1 and received 116 Postal Ballots out of which 91 were valid and 25 were invalid for Resolution No. 2. Based on the Scrutinizer's Report dated 12th June, 2010, the result of the valid Postal Ballots was declared on Saturday, the 12th June, 2010 at 11.00 A.M. at the Registered Office of the Company which is as follows:
1. Special Resolution for Issue of 12%, 30,00,000, Cumulative Redeemable Non Convertible Preference Shares under Section 81(1A) of the Companies Act, 1956
| Particulars |
Number of Members |
Number of Votes |
Percentage
of Votes |
| Total Number of valid Postal Ballots received |
91 |
10128373 |
100 |
| Postal Ballots - In favour of the Resolution |
85 |
10128282 |
99.99 |
| Postal Ballots - Against the Resolution |
6 |
91 |
0.01 |
Special Resolution as set out in the Notice dated the 8th May, 2010 was accordingly carried out by requisite majority.
2. Special Resolution for Issue of 9.6%, 10,00,000, Cumulative Redeemable Non Convertible Preference Shares under Section 81(1A) of the Companies Act, 1956
| Particulars |
Number of Members |
Number of Votes |
Percentage of Votes |
| Total Number of valid Postal Ballots received |
91 |
10128359 |
100 |
| Postal Ballots - In favour of the Resolution |
82 |
10128268 |
99.99 |
| Postal Ballots - Against the Resolution |
6 |
91 |
0.01 |
Special Resolution as set out in the Notice dated the 8th May, 2010 was accordingly carried out by requisite majority.
By Order of the Board
Girish Bhatia
Company Secretary
Place:
Kolkata
Date: 12th June, 2010
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