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| Exchange Disseminated Time | Maral Overseas Ltd has informed BSE that the members of the Company, by way of Postal Ballot, will consider to approve, the ordinary resolutions to relocate / sell or dispose off the whole or any part of assets of the Company's unit at Jammu for such consideration to such person or persons, party or parties, or body or bodies corporate, on such terms and conditions and in such form and mode as the Board of Directors or Committee of Directors of the Company, in their absolute discretion deem fit, in the interest of the Company, with full power and authority to the Board of Directors / Committee of the Directors to do all such acts, deeds, matters and things as may be deemed necessary and expedient in their discretion to implement this resolution, subject to necessary provisions and approvals.
The Company has appointed Mr. V P Kapoor, B.A., LLB, FCS, AICWA, Practising Company Secretary as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the Company not later than the close of working hours on June 18, 2007. The Scrutinizer will scrutinize the postal ballots and submit his report to the Chairman of Board of Directors after the last date of receipt of postal ballots but not later than closing business hours of June 21, 2007. The Chairman or any Director authorised by him shall announce the result of postal ballots on June 22, 2007. The date of declaration of postal ballot result will be taken to be the date of passing the Ordinary Resolution. |
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