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| Exchange Received Time 24/06/2017 09:54:26 Exchange Disseminated Time 24/06/2017 09:54:36 Time Taken 00:00:10 | We wish to inform you that the Postal Ballot was conducted by the company for seeking approval of the Members of the Company through Special Resolution to increase in the limit of shareholding by Registered Foreign Institutional Investors (FIIs) from 24% to 35% of the paid up equity share capital of the Company.
In accordance with Regulation 44(3) of SEBI ( Listing Obligation and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013 read with Rule of Companies (Management and Administration) Rule 2014, the Company had provided E - Voting facility, to facilitate all equity shareholders of the Company (as at cut-off date of 19th May ,2017 ) to cast their votes electronically on business proposed in the Notice of Postal Ballot. The E - Voting period commenced on 24th May 2017 at 9:00 A.M. and concluded on 22nd June 2017 at 5:00 P.M.
The above Special Resolution has been approved by the Members of the Company with requisite majority.
Copy of the Scrutinizer's report along with requisite particulars of E- Voting results as per Regulation 44(3) of SEBI ( Listing Obligation and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013 read with Rule of Companies (Management and Administration) Rule 2014, is enclosed for your information and record.
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