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| Exchange Disseminated Time | Oriental Hotels Ltd has informed BSE that the Boatd has decided to obtain the shareholders’ approval by way of Special Resolutions passed through Postal Ballots for the approval for wavier of excess remuneration paid to the Managing Director for the financial years 2012-13 & 2013-14 and approval of minimum remuneration for the financial years 2014-15 & 2015-16 (pro-rata) in case of inadequate of profit / loss.
1. Pursuant to Section 110 of the Companies Act 2013, read with Companies (Management and Administration) Rules 2014, and pursuant to the listing agreement, we hereby inform that the Company has fixed December 19, 2014 as Cut Off Date for ascertaining the Members / Beneficial Owners those who are eligible to cast their e-Vote with regard to the said postal ballot.
2. Mr. Krishna Sharan Misra, of M/s. KSM Associates, Company Secretaries, Chennai have been appointed as the Scrutinizers for conducting the postal ballot process in a fair and transparent manner.
3. The Notice for Postal Ballot and the Ballot forms will be despatched to all the shareholders on December 26, 2014.
The requisite Userid / Password shall be sent / emailed to the Members / Beneficial Owners along with the Notice. The Company’s e-Voting window shall commence on December 26, 2014 @ 9:00 am and shall be closed @ 6:00 pm on January 25, 2015 and the Members are requested to cast their vote at the web-link https://www.evoting.nsdl.com. |
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