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| Exchange Disseminated Time | Castrol India Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Special Resolutions as under:
1. To increase the authorised share capital of the Company from Rs. 124,00,00,000 (Rupees One Hundred and Twenty Four Crores) divided into 12,40,00,000 (Twelve Crores and Forty Lacs) Equity Shares of Rs. 10/- each to Rs. 248,00,00,000/- (Rupees Two hundred forty-eighty crores only) divided into 24,80,00,000 (Twenty-four crores eighty lacs only) Equity Shares of Rs. 10/- each & consequential amendment in the Memorandum & Articles of Association of the Company.
2. To capitalize a sum of Rs. 123,64,02,980/- (Rupees One hundred twenty-three crores sixty-four lacs two thousand nine hundred and eighty Only) out of the balance standing to the credit of the General Reserves as on December 31, 2009 and apply the same in paying up in full at par 12,36,40,298 Equity Shares of Rs. 10/- each in the capital of the Company, such shares to be appropriated as capital and as fully paid Bonus Shares allotted and distributed to and amongst persons who at the close of business hours on the date so determined by the Directors in consultation with the Stock Exchanges (Record Date) are entitled to become the registered holders of the Equity Shares of the Company in the proportion of one new Equity Share for every one existing Equity Share held on such Record Date by such holders respectively, subject to necessary provisions & approvals.
The Company Secretary has appointed as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before March 29, 2010. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot would be put up at the Registered Office of the Company. (For more details kindly refer Corporate Announcement on www.bseindia.com) |
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