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| Exchange Disseminated Time | Mangalam Drugs & Organics Ltd has informed BSE that the Chairman of the Company, on February 01, 2007, announced the result of the Postal Ballot conducted by the Company pursuant to the Notice to the Shareholders:
1. Ordinary Resolution to accord the consent of the Company for Increase in Authorised Share Capital of the Company from Rs 14 crores to Rs 20 crores and Alteration of the Memorandum of Association of the Company has been approved with the requisite majority.
2. Special Resolution pursuant to the provisions of Section 31 of the Companies Act,
1956, to accord the consent of the Company for Alteration of Articles of Association of the Company with respect to capital clause has been disapproved by the shareholders.
2. Special Resolution pursuant to the provisions of Section 31 of the Companies Act,
1956, to accord the consent of the Company for Alteration of Articles of Association of the Company with respect to Alteration of Article 83 has been disapproved by the shareholders. |
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