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| Exchange Disseminated Time | Infomedia India Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following special resolutions:
1. To change the name of the Company from "Infomedia India Ltd" to "Infomedia 18 Ltd".
2. To acquire from time to time by way of subscription, purchase or otherwise, shares and / or securities in the following Companies and / or units in mutual fund schemes:
- Details of Investments
i. In the Subsidiary Company(ies)/body(ies) corporate namely:
a. Cepha Imaging Pvt Ltd,
b. Keyword Group Ltd (UK)
C. American Devices (India) Pvt Ltd
d. Software Services LC (USA)
- Nature of Securities: Equity Shares
- Amount : Rs 90.00 Crores
ii) In Joint Venture Company namely Reed Infomedia India Pvt Ltd
- Nature of Securities: Equity Shares
- Amount : Rs 5.00 Crores
iii) In any Mutual Fund Schemes/FMP including but not limited to any Scheme of Reliance Mutual Fund, Tata Mutual Fund, Birla Mutual Fund, UTI/ LIC Mutual Fund or any other Mutual Fund of any body Corporate/Trust etc.
- Nature of Securities: Units of Mutual Fund Schemes/FMP
- Amount : Rs 205.00 Crores
notwithstanding that the aggregate of the loans and investments so far made in or to be made in and the guarantees so far given or to be given and the securities so far provided and/or to be provided to all bodies corporate along with the aforesaid investments, shall not exceed Rs 300,00,00,000/- (Rupees Three Hundred Crores only) notwithstanding that such investment may exceed sixty per cent of the Company's paid-up share capital and free reserves, or one hundred per cent of its free reserves, whichever is more.
The Company has appointed Mr. Rajiv Adlakha of M/s. R K Adlakha & Associates as Scrutinizer for conducting the Postal Ballot voting process in a fair and transparent manner.
The Postal Ballot Form duly completed should reach the Company not later than the close of working hours on April 15, 2008. The Scrutinizer, after completion of scrutiny, will submit his Report to the Chairperson and/or the Managing Director of the Company. The results of Postal Ballot will be declared by the Chairperson or the Managing Director or the Company Secretary of the Company on April 18, 2008. |
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