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| Exchange Disseminated Time | Goldstone Technologies Ltd has informed BSE that the Members of the Company will consider to approve by way of Postal Ballot, the following Resolutions:
1. Accorded to insert the following clauses after the existing other object Clause III(C) 5 of the Memorandum of Association of the Company.
III (C) 6.: To commence, establish, set up, carry on, conduct, manage and administer; the business of manufacturing, buying, selling, importing, retailing through the shops, malls or company’s own showrooms or by any methods of sale or display, exporting, refining, cleaning, polishing, preparing, acquiring, disposing off, supplying, distribution, ordering, regulation, controlling, classifying, allocating, trading and dealing in Jewellery, artifacts, ornaments, antiques, idols or other objects whether branded or not and ornaments of all kinds of metal and / or studded with diamonds, gems and pearls, including of metal and / or studded with diamonds, gems and pearls, including cultured pearls and / or precious semi precious and synthetic stones, to carry on business as recognized Export House / Trading House and of buying and selling import entitlements and to act as agents and / or commission agents and / or distributors and / or job work contractors and / or indenters for or in respect of diamonds, pearls, corals, gems, rubies and all kinds of precious and semi- precious emeralds, sapphires, synthetic stones, all kinds of jewellery and jewels and precious and semi- precious metals, accessories of whatsoever nature and to do all acts or things as may be necessary for attainment of the forgoing objects.
III(C) 7.: To carry on the business as traders, dealers, wholesalers, agents, distributors, consigners, consignee, Retailer, to own, construct, take on lease or in any other manner and to run, render technical advice in constructing, furnishing, running and management of retail business including departmental stores, direct to home & mail order catalogue for all category of consumer products, goods, articles and services including but not limited to Jewellery and Ornament products whether in India or any other part of the world and to do all acts or things as may be necessary for attainment of the forgoing objects.
III(C)8.: To carry on the business of builders, contractors, erectors, constructions of building, erection, conversion, improvement, design, dismantle, generally develop, survey, examine, operate, reconstruct, modify and to act as civil / architectural / mechanical / electronic engineer, consultant, advisor, administrator, contractor / sub contractor / turnkey contractor, manager for all types of construction and infrastructure developmental / maintenance / upgradation / renovation / strengthening works such as roadways, railways, bridges, pre-stressed / other RCC works, flyovers, all kinds / types of dams, canals, wharves, harbors, docks, ports, jetties, airports, runways, irrigation works, warehouses, factories, buildings / structures, drainage / sewage works, tunnels, water distribution / filtration systems, houses, apartments, structures or residential offices, industrial, institutional or commercial or developers of co-operative Housing Societies, developers of housing schemes, townships, holiday resorts hotels entertainment parks, power houses / stations, stadiums, drilling and preparing of building sites, constructing, reconstructing, erecting, altering, improving, enlarging, developing, decorating, furnishing and maintaining of structures, flats, houses, factories, shops, offices, garages, warehouses, buildings, works, workshops, hospitals, nursing homes, clinics, godown and the commercial educational purposes for and convenience to purchase for development, investment or for resale of lands, houses; buildings, structures and other properties of any tenure and to acquire, purchase, sell, own, develop or otherwise deal in buildings, materials, plants, equipment, machinery, tools, fittings, accessories or otherwise deal in buildings, material, plants, equipment, machinery, tools, fittings, accessories of whatsoever nature and to do all acts or thin as may be necessary for attainment of the forgoing objects, subject to necessary provision and approvals.
2. To borrow any sum or sums of money (including non fund based facilities) from time to time at their discretion, for the purpose of the business of the Company, from any one or more Banks, Financial Institutions and/or from any one or more ether persons, firms, bodies corporate,. by way of cash credit, advances, deposits or bridge loans, term loans or any other loans either in Indian currency or in foreign currency, whether unsecured or secured by mortgage, charge, hypothecation or pledge of the Company’s assets and properties whether movable and / or immovable or stock-in trade (including book debts, bills, raw materials, stores and spare parts and components in stock or in transit) and debts and advances, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) may, at anytime, exceed upto a sum of Rs 2500 Crores (Rupees Two Thousand Five Hundred Crores) over and above the aggregate of the paid up capital of the Company and its free reserves (that is to say reserves not set apart for any specific purpose) and that the Board of Directors be and is hereby empowered and authorised to arrange or fix the terms and conditions of all such monies to be borrowed from time to time as to into repayment, security or otherwise as they may, in their absolute discretion, think fit.
3. To sale, lease, mortgage, hypotehcate and / or charge; in addition to the mortgages / charges created / to be created, by the Company, in such form and manner and with such ranking and at such time and on such terms as the Board may determine, on all or any of the moveable and / or immoveable properties of the Company, both present and future and / or the whole or any part of the undertaking(s) of the Company together with the power to take over the management of the business and concern of the Company in certain events of default, in favour of the Lender(s), Agent(s) and Trustee(s) / Trustee(s), for securing the borrowings availed / to be availed by the Company and / or any of then Company’s holding / subsidiary / affiliate / associate company, by way of loan(s) (in foreign currency and / or rupee currency) and Securities (comprising fully / partly Convertible Debentures and / or Non Convertible Debentures with or without detachable or no detachable Warrants and / or secured premium notes and / or floating rates notes / bonds or other debt instruments)., issued / to be issued by the Company from time to time, subject to the limits approved under Section 293(1)(d) of the Companies Act, 1956, together with interest at the respective agreed rates, additional interest, compound interest in case of default, accumulated interest, liquidated damages, commitment charges, premia on prepayment remuneration of the Agent(s) / Trustees; premium (if any) on redemption, all other costs, charges and expenses including any increase as a result of devaluation / revaluation / fluctuation in the rates of exchange and all other monies payable by the Company in terms at the Loan Agreement(s) / Debenture Trust Deed(s) or any other document, entered into / to be entered into between the Company and the Lender(s) / Agent(s) and Trustee(s), in respect of the said loans / borrowings / debentures and containing such specific terms and conditions and covenants in respect of enforcement of security as may be stipulated in that behalf and agreed to between the Board of Directors or Committee thereof and the Lender(s) / Agent(s) and Trustee(s) / Trustee(s).
4. For commencing by the Company of all or any of the businesses specified in sub-clause 6 to sub-clause 8 of clause III-C of the Memorandum of Association of the Company.
The Board of Directors has appointed Mrs. P Savita Jyothi, Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot process.
The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on September 08, 2008. The scrutinizer will submit his report to the Chairman / Director after completion of the scrutiny and the results of the postal ballot will be announced on September 10, 2008. |
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