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| Exchange Disseminated Time | Munjal Auto Industries Ltd has informed BSE that the members of the Company will consider to approve the following resolutions, by way of Postal Ballot:
1. Mortgaging and / or hypothecating by the Board of Directors of the Company of the immovable & movable properties of the Company wherever situated present and future in favour of any Bank or Financial Institution or any lender for securing the borrowings by the Company including any money payable to them like Interest, Commission and any other Bank Charges from time to time, subject to necessary provisions and approvals.
The Company has appointed Shri Devesh A. Pathak, Practising Company Secretary as the Scrutinizer for conducting the Postal Ballot voting process in a fair and transparent manner.
The voting rights shall be reckoned in the proportion to a Member's share of the paid up equity share capital of the Company as on March 11, 2011.
The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on April 21, 2011. The scrutinizer will submit his report to the Managing Director after completion of the scrutiny and the results of the postal ballot will be announced by the Managing Director on April 23, 2011. |
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