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.
|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.
|Date: 10th September|| |