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| Exchange Disseminated Time | Standard Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 24, 207, has considered and approved the draft of the Notice containing Ordinary and Special Resolutions along with Postal Ballot Form for the purpose of obtaining the approval of the Shareholders on all the Resolutions through voting by Postal Ballot.
The items proposed to be passed through postal ballot are as under:
1. For amendment of Articles of Association of the Company by inserting new Articles relating to 'Postal Ballot' and 'discretionary powers of the Board of Directors to resort to Postal Ballot';
2. Authorizing the Board of Directors to sell, lease, transfer, assign, and / or dispose of the Company’s Chemical Undertaking;
3. For amendment to the Objects Clause of the Memorandum of Association to incorporate, inter alia, Realty Development.
4. For commencement of new business which is not germane to the existing business of the Company.
Further the Company has informed that, the cut off date for determining the Shareholders to whom Postal Ballot Forms are to be sent has been fixed as November 12, 2007. |
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