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| Exchange Disseminated Time | Cosmo Films Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:
1. To alter the Articles of Association of the Company by substituting the article for Article No. 155.
2. To create such charges, mortgages and hypothecations in addition to the existing charges, mortgages and hypothecations created by the Company, on such movable and immovable properties both present and future or the whole or substantially the whole, of the undertaking or undertakings of the Company, and with such ranking as to priority and for such time and on such terms and in such manner as the Board may think fit, in favour of lenders, agents, truste,as and other agencies to secure the borrowings of the Company availed/to be availed by way of loan(s) (In foreign currency and/or rupee currency) and/or working capital facilities and/or Securities issued/ to be issued by the Company, from time to time upto an amount not exceeding Rs. 1000 crores (Rupees one thousand crores only), togetherwith interests, compound/additional interest, commitment charges, costs, expenses and all other monies payable by the Company to the concerned lenders, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. Ujjwal Sharma of Ujjwal Sharma & Co., Company Secretaries as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on (i.e. 5.30 P.M. IST) on July 09, 2011. The Chairman or any director of the Company shall announce the result of the Postal Ballot at the ensuing Annual General Meeting of the Company scheduled to be held on July 13, 2011. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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