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| Exchange Received Time 25/04/2017 20:01:58 Exchange Disseminated Time 25/04/2017 20:02:04 Time Taken 00:00:06 | | Sub: Intimation of Postal Ballot This is to inform you that pursuant to section 110 and other applicable provisions, if any, of the Companies Act, 2013 ('the Act'), read with Rule 22 of the Companies (Management and Administration) Rules, 2014, the Company has issued notice dated 29th March 2017 for conduct of Postal Ballot for obtaining approval of Shareholders as per the Copy of Notice and Postal Ballot Form attached in respect of the following Special Resolutions: 1) Re- appointment of Mr. S. Y. Noorani (DIN: 00068423) as Managing Director and President of the Company and the remuneration payable to him 2) To approve payment of Commission to Mr. A. Y. Noorani (DIN: 00041686) Non-Executive Director and Vice Chairman of the Company 3) Revision in the Remuneration payable to Mr. Awais Noorani, Vice President- International Sales & Sourcing Mr. B. Narasimhan, Proprietor BN & Associates, Practising Company Secretary, has been appointed as the Scrutinizer for conducting the Postal Ballot process. Request you to kindly take the above on record. |
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