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| Exchange Disseminated Time | Sicagen India Ltd has informed BSE that the members of the Company by way of Postal Ballot will consider to approved the following resolutions:
1. Amendment to the Main Object Clause IIIA of the Memorandum of Association as under :
- New Objects 17,18,19,20 & 21 incorporated after the Main Object 16 in Clause IIIA of the Memorandum of Association of the Company.
2. Approval of proposed investment and giving guarantee / providing security:
- To accord consent to the Board of Directors of the Company for :
(i) Making investment by way of subscription, purchase or otherwise in 11% Non-Convertible Redeemable cumulative Preference Shares of M/s. Greenstar Fertilizers Ltd for a total amount not exceeding Rs 50 Crores (Rupees Fifty Crores Only); and
(ii) Giving guarantee and / or providing security to any other person(s) in connection with any loan or facility provided or to be provided by such other person(s) to M/s. EDAC Automation Ltd for an amount not exceeding Rs. 2 Crores (Rupees Two Crores Only);
over and above the aggregate of existing loans, investments so far made and the amounts of guarantee given or security provided if any, by the Company, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. R. Kannan, Practicing Company Secretary, Chennai as Scrutinizer for conducting the Postal Ballot Process in fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer before the close of working hours (17.30 Hrs.) on or before October 20, 2011. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced by the Chairman at the Registered Office / Corporate Office on October 21, 2011 at 10.00 a.m. and also displayed on notice board on the said date. |
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