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| Exchange Received Time 30/10/2017 17:42:31 Exchange Disseminated Time 30/10/2017 17:42:38 Time Taken 00:00:07 | We refer to our postal ballot notice dated September 22, 2017 sent to shareholders of the Company seeking their approval for the various items as specified in the said notice. Mr. Sudhindra K. S, Company Secretary in Practice was appointed as the Scrutinizer for the postal ballot process. The scrutinizer has submitted his report on October 30, 2017.
Accordingly, the special resolutions and ordinary resolution submitted to the shareholders were declared passed with requisite majority today i.e, October 30, 2017.
With the passing of the resolutions,
a. the re-appointment and remuneration to be paid to Mr. Nitesh Shetty (DIN:00304555) as Chairman and Managing Director for a term of three years with effect from 15th December 2017 is approved.
b. the re-appointment and remuneration to be paid to Mr. Ashwini Kumar (DIN:02034498) as Whole-time Director for a term of three years with effect from 19th April, 2018 is approved.
c. the remuneration payable to the Cost Auditors for the financial years 2016-17 and 2017-18 is ratified.
We hereby enclose the announcement of postal ballot results along with the Scrutinizer's Report.
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