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| Exchange Disseminated Time | Kanani Industries Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution relating to sub-divide 89,94,000 equity shares having a nominal face value of Rs.10/- (Rupees ten) each comprising the fully paid up Equity Share Capital of the Company into 1,79,88,000 Equity Shares having nominal face value of Rs. 5/- (Rupees Five Only) each fully paid, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. Deepak Shukla, 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 Registrar & Transfer Agent of the Company not later than the close of working hours on December 09, 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 by the Chairman, or in his absence by any other persons, so authorized by the Chairman on December 10, 2009. |
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