ABOUT US – POSTAL BALLOT

POSTAL BALLOT
RESULTS OF POSTAL BALLOT

Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the resolution by Postal Ballot) Rules, 2011 and Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, the approval of the Members was sought by means of a Postal Ballot for (1) Re-classification of the Authorised Share Capital and (2) Amendment to the Memorandum of Association of the Company, both of which have been passed with the requisite majority.

Based on the Scrutinizer’s Report dated May 23, 2014, the Results of the Postal Ballot were declared as under :





Resolution No.1


Resolution No.2


No. of Shares


% to Votes


No. of Shares


% to Votes


Valid votes in favour of the Resolution

40,57,13,248


99.92


40,53,75,277


99.92


Valid votes against the Resolution

3,40,590


0.08


3,16,982


0.08

Accordingly, the Resolutions as set out in the Notice dated March 27, 2014, were passed by Members with requisite majority of 99.92% votes cast in favour of the said resolutions.