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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that the Board of directors of the Company at its meeting held on October 04, 2012, has decided to seek members approval to make loan, investment, give guarantee and provide security in excess of specified limit under section 372 A and the following resolution was passed unanimously :
Resolved that, pursuant to Section 192A and other applicable provisions, if any, of the Companies Act, 1956, and the Rules issued there under, approval of the Board be and is hereby accorded to conduct a Postal Ballot to seek the approval of the members of the Company by ways of special resolution for authorization to the Board of Directors to make loan, investment and provide guarantee and security in excess of specified limit under section 372A of the Companies Act, 1956.
Resolved Further that Mr. Anil Agravval. Director, of the Company is authorized, to issue the postal ballot notice to all the shareholders of the Company and to do all such acts, deeds and things as may be deemed incidental and necessary in connection therewith.
Resolved Further that in accordance with the Companies (Passing of the Resolution by Postal Ballots) Rules 2011, Mr. P.K. Rai, FCS, Company Secretary in whole time practice, who has consented to act as Scrutinizer for the postal ballot process, be and is hereby appointed as Scrutinizer for conducting Postal Ballot process in a fair and transparent manner. |
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