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| Exchange Disseminated Time | Birla Corporation Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on June 29, 2010.
Outcome of AGM :
- The Chairman laid before the Meeting for its consideration, the Audited Balance Sheet of the Company as at March 31, 2010, the Audited Profit & Loss Account for the year ended on that date and the Directors' Report thereon. The Auditors' Report was read by Shri Gopal Jain, Representative of M/s. H.P. Khandeiwai & Co., Auditors of the Company and kept open for inspection at the meeting by the members of the Company. The following Resolution was then duly moved :
RESOLUTION NO. 1 (AS ORDINARY RESOLUTION)
"RESOLVED that the Audited Balance Sheet and the Profit & Loss Account of the Company for the year ended March 31, 20l0 and the Reports of the Directors and the Auditors be and are hereby adopted."
Shri S.K. Daga, representative and proxy holder, being eligible, demanded a poll on the above. Shri S.K. Daga also demanded a poll on all the other items contained in the Notice for the Annual General Meeting. The Chairman directed that poll on this item as well as on all the other items as demanded shall be taken at the end of the Meeting.
The Chairman then invited the shareholders to ask any questions and/or otherwise offer their comments and said that he would try to ensure that each and every shareholder who wanted to say something would be given an opportunity. Several shareholders while appreciating the performance of the Company for the year under review asked for details on the working of the Company and sought clarifications in respect of the Accounts on which appropriate replies were given by the Chairman and Shri B.R. Nahar, Executive Director & Chief Executive Officer.
While the Meeting was in progress, the Chairman stated that he has been informed that Company has been served, after the commencement of the meeting, at its Registered Office, with an Advocate's communication of an ex-parte order, purportedly passed by the District Judge, Alipore Court, which may have the effect of maintaining status quo in relation to the Annual General Meeting of the Company. The Chairman further stated that as informed; the copy of the Court's order has not been enclosed with the Advocate's communication. However, based on legal advice, the Chairman, with the consent of the Meeting, adjourned the Meeting to be reconvened on June 29, 2010.
The Meeting was accordingly adjourned to June 29, 2010. |
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