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| Exchange Disseminated Time | Shanthi Gears Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:
1. To sell, lease or otherwise dispose off whole or substantially whole of the units which are not used for manufacturing purpose, subject to necessary previsions and approvals.
2. To alter the Clause III(C) Object Clause of Memorandum of Association of the Company by including the new object as item No. 16 to 18 in sub-clause (C) of Clause III thereof.
3. To commence the activities as specified in the sub-clause Nos.16 to 18 of the other object clause i.e., under sub-clause (C) 16 to 18 of clause III of the Memorandum of Association of the Company.
The Board of Directors has appointed Mr. M R L Narasimha, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on July 31, 2010. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced at the Annual General Meeting to be held on August 13, 2010. |
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