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| Exchange Disseminated Time | With reference to earlier announcement dated March 24, 2014 about the proposal to seek the consent of the Members of the Company by way of Special Resolutions to be conducted by Postal Ballot process for appointment of Mrs. Vimta Gupta, Wife and Ms. Samara Gupta, Daughter of Mr. H. M. Gupta, Executive Chairman of the Company with effect from April 01, 2014, Rossell India Ltd has now informed BSE that, due to inability of the appointees to accept such appointments from April 01, 2014, the Board of Directors in its Meeting held on April 01, 2014 decided to keep the same in abeyance and also to abandon the proposed Postal Ballot.
It was further decided that the aforesaid appointments shall be taken up for discussion by the Board in due course.
In view of the above, there will be no Postal Ballot to be conducted in terms of Section 192A(1) read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011, as advised earlier. |
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