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| Exchange Disseminated Time | Kesar Terminals & Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 23, 2013, inter alia, has consider following:
1. The Board of Directors directed to conduct the Postal Ballot under Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2011, for obtaining the approval of the members of the Company by:
- way of an Ordinary Resolution in continuation of and in addition to the Resolution passed by the Shareholders through Postal Ballot on March 29, 2012 under Section 293(1)(a) of the Companies Act, 1956 for authority to the Board of Directors to mortgage) charge all movable and immovable properties of the Company as detailed in the resolution.
- revising the earlier Special Resolution passed by the Shareholders through Postal Ballot process on March 29, 2012 under Section 372A of the Companies Act, 1956 to authorize the Board of Directors to make investments in, acquire by way of subscription, purchase or otherwise the securities, make / give loans / deposits / guarantees / securities to Kesar Multimodal Logistics Ltd. subject to a limit of Rs.160 crore (one hundred sixty crore only) and more detailed in the resolution.
2. The Board of Directors approved the appointment of Ms. Ragini Chokshi of M/s Ragini Chokshi & Co., Practicing Company Secretary, as the scrutinizer for conducting the aforesaid Postal Ballot process in a fair and transparent manner.
3. Further, the Board of Directors approved the Calendar of Events, Postal Ballot Form and Notice under Postal Ballot and directed the Company Secretary to dispatch it to the Members of the Company whose name appear in the Register of Members as at January 25, 2013. |
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