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| Exchange Disseminated Time | Infomedia 18 Ltd has informed BSE that members of the Company will consider the following resolutions by way of Postal Ballot :
1. To reclassify the Authorised Share Capital of the Company comprising of 5,00,00,000 (Five Crores only) Equity Shares of Rs 10/- (Rupees Ten only) each and 1,00.00,000 (One Crore only) Preference Shares of Rs 10/- (Rupees Ten only) each aggregating to Rs 60,00,00,000 (Rupees Sixty Gores only) into 6,00,00,000 (Six Crate only) Equity Shares of Rs 10/- (Rupees Ten only) each aggregating to Rs 60,00,00,000 (Rupees Sixty Crores only) and the Authorised Capital is further Increased from Rs 60,00,00,000 (Rupees Sixty Crores only) divided into 6,00,00,000 (Six Crores only) equity shares of Rs 10/- (Rupees Ten only) each to Rs 1,00,00,00,000 (Rupees One Hundred Gores only) divided into 10,00,00,000 (Ten Crores) equity shares of Rs 10/- (Rupees Ten only) each with the power to the Board to decide on the extent of variation in such rights and to classify and re-classify from time to time such shares into any class of shares, and the new shares shall rank pari passu with the existing shares of the Company and consequential amendments in Memorandum of Association of the Company, subject to necessary provisions and approvals.
2. To alter the existing Articles of Association of the Company by deleting Articles 4A and 4B of the Articles of Association of the Company.
The Company has appointed Mr. Rajiv Adlakha of M/s R K Adlakha & Associates as Scrutinizer for conducting the Postal Ballot voting process in a fair and transparent manner.
The Postal Ballot Form duly completed and signed should be forwarded to the Scrutinizer appointed by the Company, so as to reach the Company not later than the close of working hours on June 09, 2009.
The results of Postal Ballot will be declared by the Chairman, the Managing Director or the Company Secretary of the Company on June 12, 2009. |
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