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Result of Postal Ballot

10th September, 2005

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 authorizing the Board to make investments, give loans and provide guarantees / securities and;

Item No.2 Ordinary Resolution under Section 293(1)(a) of the Companies Act, 1956 authorizing the Board to restructure / demerger / sale / transfer and / or otherwise disposal of the Rajashree Syntex Division of the Company.

 
Item No.1
Item No.2
Number of valid postal ballot forms received 3,327 3,327
Votes in favour of the Resolution 2,92,80,559 3,10,90,501
Votes against the Resolution 6,21,650 10,247
Number of invalid postal ballot forms received 164 164

The Resolutions has, therefore, been approved by the shareholders with requisite majority.

Place: Mumbai
Sanjeev Aga
Date: 10th September
Managing Director