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| Exchange Disseminated Time | House of Pearl Fashions Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Ordinary Resolution relating to create such Charges, Mortgages and Hypothecations in addition to the existing charges, mortgages and hypothecations created, in such form and manner and on such terms and at such time(s) as the Board of Directors may deem fit, on the whole or substantially the whole of the undertakings of the Company, all the movable and immoveable properties of the Company, present and future wheresover situate In favour of Financial / Investment Institution(s) / Bank(s)/Trustees to secure the Rupee / foreign currency loan and / or other credit facilities availed or proposed to be availed, the debenture/ bonds / other securities issued or proposed to be issued by the company, together with interest thereon and such other costs, charges, expenses and other moneys payable by the Company as per the loan agreement entered into or proposed to be entered into or as per the terms and conditions of the issue of bonds / debentures / other securities issued or proposed to be issued by the Company, without any maximum ceiling amount, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. Sandeep Kumar, Company Secretary in Practice, New Delhi 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 September 30, 2010. Mr. Deepak Seth, Chairman or in his absence, Mr. Pulkit Seth, Managing Director, or in his absence, Dr. Ashutosh P Bhupatkar, Director will announce the result of Postal Ballot after completion of the entire process on October 05, 2010. |
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