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| Exchange Disseminated Time | PVP Ventures Ltd has informed BSE that the members of the Company will consider to approve the following resolutions, by way of Postal Ballot.
1. To appoint M/s. PKF Sridhar & Santhanam, Chartered Accountants, Chennai as the Statutory Auditors of the Company to hold office upto the conclusion of the next Annual General Meeting.
2. To create, offer, issue and allot, either in India or in the course of international offering(s) in one or more foreign markets, such number of equity shares of the Company ("Equity Shares"), Global Depository Receipts ("GDRs"), and/or any other security convertible/ exchangeable into equity shares (including warrants having rights to subscribe for equity shares) with or without voting/special rights (all of which are hereinafter collectively referred to as "Securities") or any combination of Securities, in one or more tranches, whether Rupee denominated or denominated in foreign currency, by way of public and/or private offerings including qualified institutional placement and/or on preferential allotment basis or any combination thereof, through issue of prospectus and/or placement document/ or other permissible/requisite offer document to, any eligible person, including Qualified Institutional Buyers, foreign or resident investors (whether institutions, incorporated bodies, mutual funds, individuals or otherwise), Venture Capital Funds (foreign or Indian), Foreign Institutional Investors, Indian and/or Multilateral Financial Institutions, Mutual Funds, Non-Resident Indians, stabilizing agents, pension funds and/or any other categories of investors, whether they are holders of shares of the Company or not (collectively called the "Investors"), at such price or prices, at a discount or premium to market price or prices in such manner and on such terms and conditions as may be deemed appropriate by the Board at its absolute discretion, including the discretion to determine the categories of Investors to whom the offer, issue and allotment shall be made to the exclusion of other categories of Investors at the time of such offer, issue and allotment considering the prevailing market conditions and other relevant factors and wherever necessary in consultation with lead manager(s) and/or underwriter(s) and/or other advisor(s) up to an amount not exceeding Rs. 500 Crores (Rupees Five Hundred Crores only) inclusive of such premium as may be determined by the Board, subject to necessary provisions & approvals.
The Company has appointed Mr. V. Mahesh, Managing Partner of M/s. V. Mahesh & Associates, Company Secretaries, Chennai, as the Scrutinizer for conducting the Postal Ballot in a fair and transparent manner.
The duly completed Postal Ballot form should reach the scrutinizer to reach the Scrutinizer not later than the close of working hours i.e. 5.30 PM on March 16, 2010.
The Scrutinizer, after completion of scrutiny of the Forms so received, will submit his Report to the Chairman of the Company. The results of the Postal Ballot shall be declared
on March 19, 2010. |
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