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| Exchange Disseminated Time | Oriental Hotels Ltd has informed BSE that the Board of Directors of the Company has approved the proposal for increasing the borrowing powers of the Board under Section 293 (1) (d) and creation of security over the assets of the Company under Section 293 (1) (a). The Board has decided to obtain the shareholders' approval by way of Ordinary Resolutions passed by Postal Ballot.
In this regard, the Company has informed that:
1. The cut-off date for the purpose of ascertaining the voting rights of the Members of the Company has been fixed as November 15, 2011.
2. M/s. Srinivasan & Co., Company Secretaries, Chennai have been appointed as the Scrutinizers for conducting the postal ballot process in a fair and transparent manner.
3. The Notice for Postal Ballot and the Ballot forms will be despatched to all the shareholders on November 16, 2011. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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