Notice of Postal Ballot

• Security Code: 532613
• Company: VIPCLOTHNG

Maxwell Industries Ltd has informed BSE that the members of the Company will consider to approve the resolutions, by way of Postal Ballot.

1. Special resolution for approval of Minimum remuneration to Shri Sunil J. Pathare, Vice Chairman & Managing Director of the Company for the period from April 01, 2010 to March 31, 2013.

2. Special resolution for approval of Minimum remuneration Shri. Kapil J. Pathare, Whole Time Director of the Company for the period from April 01, 2010 to March 31, 2013.

3. Special resolution for approval of re-appointment of Shri Jaykumar K. Pathare, as a Whole Time Director of the Company w.e.f. October 01, 2011 to September 30, 2014.

4. Special resolution for approval of payment of Minimum remuneration to Shri. Jaykumar K. Pathare, Whole Time Director of the Company w.e.f. April 01, 2010 to March 31, 2012.

5. Special resolution for approval of ratification and confirm the payment of excess remuneration made to Shri. Sunil J. Pathare, Vice Chairman & Managing Director of the Company & for waiver of recovery of excess remuneration paid to him for the financial year 2010-11 and 2011-12, subject to approval of Central Government.

6. Special resolution for approval of ratification and confirm the payment of excess remuneration made to Shri Kapil J. Pathare, Whole Time Director of the Company and for waiver of recovery of excess remuneration paid to him for the financial year 2010-11 and 2011-12, subject to approval of Central Goverment.

7. Special resolution for approval of ratification and confirm the payment of excess remuneration made to Shri Jaykumar K. Pathare, Whole lime Director of the Company and for waiver of recovery of excess remuneration paid to him for the financial year 2010-11 and 2011-12, subject to approval of Central Government.

The duly completed Postal Ballot form should reach the Scrutinizer on or before the close of working hours i.e. 6.00 p.m on July 21, 2012.
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The Scrutinizer will submit his report to Chairman of the Company after Completion of the scrutiny and the result of voting by Postal Ballot will be announced by the Chairman or by such other person as may be authorized by the Chairman on July 24, 2012 at 11.00 a.m at the Registered Office of the Company at C-6, Road No.22, MIDC, Andheri (East), Mumbai - 400 093. (For more details kindly refer Corporate Announcements on www.bseindia.com).