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| Exchange Disseminated Time | Polson Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 20, 2015, inter alia, to transact the following business:
1. Consider the transfer, subject to approval of the Audit Committee and the shareholders in accordance with law, of all of the equity shares, debentures and loans held by the Company in its wholly owned subsidiary, Dudhwala Builders Private Limited, to a related party.
2. Approval of postal ballot notice pursuant to section 110 of the Companies Act, 2013 and the Explanatory Statement under section 102 of the Act, seeking approval of the members for the proposed related party transactions, as described in paragraph number 1 above, pursuant to the provisions of Section 188 of the Companies Act, 2013, relevant rules there under, Clause 49 of the Listing Agreement and other applicable provisions.
3. Approval for setting up e-voting facility in terms of Clause 35B of the Listing Agreement. |
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