Voltas -Utilization of share premium a/c to adjust the deferred revenue exp- confirmed by High Court Mumbai

• Security Code: 500575
• Company: VOLTAS

Voltas Ltd has informed BSE pursuant to the special resolution earlier passed by the shareholders at the forty-eighth AGM of the company held on August 12, 2002 under the provisions of Sec 78, 100 and other applicable provisions of the Companies Act 1956, the High Court Mumbai, has at its hearing held on September 27, 2002 confirmed the utilization of Share Premium Account for adjusting the entire balance of the deferred revenue expenditure aggregating to Rs 556.10 million.

The company would take necessary action to implement the court order upon its receipt, including the filing and registration of the said order with the ROC, Mumbai.