Investors
Result of Postal Ballot

Result of Postal Ballot

Result of the voting conducted through postal ballot on the following resolutions:

Item no.1
Special resolution under section 372A of the Companies Act, 1956, authorising the Board to make investments, give loans and provide guarantees/securities

Item no.2
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

 
Item No.1
Item No.2
Number of valid postal ballot forms received
2997
2848
Votes in favour of the resolution
4,42,53,900
4,42,35,020
Votes against the resolution
14,125
7,146
Number of invalid postal ballot forms received
94
94

The resolutions have, therefore, been approved by the shareholders with requisite majority.

Sanjeev Aga
Managing Director
Place: Mumbai
Date: 28 August 2006