|
| Exchange Disseminated Time | Revathi Equipment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 26, 2008, have approved the above notice of postal ballot.
- The members of the Company, will consider to approve by way of Postal Ballot, the Ordinary Resolution, to sell or dispose of all or part of, in one or more installments, the Drill division including the manufacturing undertaking of the Company located in city of Coimbatore and including all the movable and immovable properties of the Company where so ever situated both present and future and of every nature and kind relatable to the Drill division and strategic investments of the Company in the equity shares of Monarch Catalyst Pvt Ltd and Potential Service Consultants Pvt Ltd, on such terms and conditions including the consideration as the Board of Directors may in their absolute discretion deem fit, subject to necessary provisions & approvals.
The Board of Directors has appointed Sri. M D Selvaraj, FCS, Company Secretary in Practice as Scrutiniser for conducting the Postal Ballot voting process in a fair and transparent manner.
The duly completed Postal Ballot Form should return reach the Scrutiniser before the close of working hours on or before March 28, 2008. The Scrutiniser will submit the report to the Chairman / Managing Director after completion of the scrutiny of the Postal Ballot forms. The results thereof will be announced by the Managing Director or in his absence by any other person authorized by the Managing Director on March 29, 2008. |
|
|