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All the Shareholders of the Company, Investors and all other concerned entities / authorities with the Company are requested to note that the Company conducted the process of Postal Ballot pursuant to the provisions of Section 192A of the Companies Act, 1956 (“the Act”) for passing the following Ordinary / Special Resolutions as per Notice dated 6th August, 2010.
The Result of the Postal Ballot conducted is as follows:
ORDINARY RESOLUTIONS:
| Resolution No. 1 |
| Increase in the borrowing limit from Rs. 400 Crores to Rs. 800 Crores. |
| Sr. No. |
Particulars |
No. of Postal Ballot Forms |
Total No. of shares |
| 1. |
In favour of the Resolutionv
| 70 |
4,320,861 |
| 2. |
Against the Resolution |
3 |
202 |
| 3. |
Not voted |
Nil |
Nil |
| |
Total |
73 |
4,321,063 |
|
|
| Resolution No. 2 |
| Authority to create charge / mortgage to secure the borrowing limits. |
| Sr. No. |
Particulars |
No. of Postal Ballot Forms |
Total No. of shares |
| 1. |
In favour of the Resolution |
68 |
4,320,801 |
| 2. |
Against the Resolution |
3 |
202 |
| 3. |
Not voted |
2 |
60 |
| |
Total |
73 |
4,321,063 |
|
|
| SPECIAL RESOLUTION: |
| Resolution No. 3 |
| Increase in the remuneration of Mr. T. S. Das, Managing Director w.e.f. 1st April, 2010. |
| Sr. No. |
Particulars |
No. of Postal Ballot Forms |
Total No. of shares |
| 1. |
In favour of the Resolution |
63 |
4,320,686 |
| 2. |
Against the Resolution |
9 |
327 |
| 3. |
Not voted |
1 |
50 |
| |
Total |
73 |
4,321,063 |
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|
| The above resolutions have, therefore, been approved by Shareholders with the requisite majority. |
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