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| Exchange Disseminated Time | Nahar Investments and Holding Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution relating for given / to be given corporate guarantee(s) upto Rs 65/- Crore to the bank(s) / financial institution(s), which might exceed 60% of its paid-up capital and free reserves of the Company or 100% of its free reserves, whichever is more as per section 372A of the Companies Act, 1956, in respect of loan given / to be given b Institution(s) to Nahar Industrial Enterprises Ltd, having its Registered Office at Focal Point, Ludhiana (Punjab), subject to necessary provisions & approvals.
The Company has appointed Mr. P S Bathala, a Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before the close of working hours on March 13, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on March 14, 2009. |
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