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| Exchange Disseminated Time | Vardhman Polytex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 14, 2011 approved a notice for passing following resolutions through postal ballot and to send notices to the shareholders of the Company, which inter-alia includes.
Special Resolution u/s 372A of the Companies Act, 1956 for making loans, investments, or giving guarantee or providing any securities beyond the prescribed ceiling of 60% of the aggregate of the paid-up capital and free reserves or 100% percent of its free reserves, whichever is more.
The Company has submitted to BES a copy of the Calendar of Events for the purpose of postal Ballot. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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