Result of Postal Ballot
Result of the voting conducted through postal ballot on the following resolutions:
Special resolution under section 372A of the Companies Act, 1956, authorising the Board to make investments, give loans and provide guarantees/securities
Ordinary resolution under section 293(1)(a) of the Companies Act, 1956, authorising the Board for sale/transfer or otherwise disposal of Contract Export Business of Madura Garments, Division of the Company
The resolutions have, therefore, been approved by the shareholders with requisite majority.
Date: 28 August 2006