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| Exchange Disseminated Time | GTL Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:
1. Ordinary Resolution under Section 94 of the Companies Act, 1956, for alteration of the Clause V of the Memorandum of Association of the Company pertaining to Authorised Share Capital.
2. Special Resolution under Section 31 of the Companies Act, 1956, for alteration of Article 3 of the Articles of Association of the Company pertaining to Capital Clause.
3. Special Resolution authorising Restructuring of Debts.
4. Special Resolution under Section 81 (1A) of the Companies Act, 1956, for issue of Compulsorily Convertible Debentures on a Preferential Basis.
5. Special Resolution under Section 81 for grant of options to CDR lenders for converting loans into equity shares.
6. Ordinary Resolution under Section 293(1)(d) of the Companies Act, 1956, for increasing the borrowing limit of the Company.
7. Ordinary Resolution under Section 293(1)(a) of the Companies Act. 1956 for delegation of authority to the Board for creation of charge/mortgage.
Duly completed the Postal Ballot form should reach in Scrutinizer on or before March 19, 2012.
The result of the Postal Ballot shall be announced by the Chairman & Managing Director/ any one of the Whole-time Directors on March 22, 2012, at the Corporate Office of the Company at 412, Janmabhoomi Chambers, 29, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 038. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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