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| Exchange Disseminated Time | Bharat Rasayan Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Ordinary Resolution;
1. To transfer, sell, lease or otherwise dispose of the whole or substantially the whole of the Company’s unit located at Mambapur/Gummadidala Village, Jinnaram Mandal, Distt. Medak-502313, Andhra Pradesh, at such consideration and with effect from such date as the Board may think fit.
2. Borrowing from time to time, any sum or sums of money for the purposes of the Company upon such terms and conditions and with or without security as the Board of Directors may in its discretion think fit, notwithstanding, that the money or monies to be borrowed by the Company together with the money already borrowed, may exceed the aggregate of the Paid-up Share Capital of the Company and its free reserves, provided however that the money or monies to be borrowed by the Company together with the money already borrowed shall not, at any time exceed Rs. 100 Crores (Rupees One Hundred Crores only) apart from the Temporary loans obtained or to be obtained from time to time from the Company’s Bankers in the ordinary course of business.
3. To make contribution of sum for projects undertaken by Association or Institution approved by the National Committee for Promotion of Social and Economic Welfare and for donating/promoting/sponsoring activities of charitable, social, benevolent and other Non-Profit making Organisation, Society, Trust and to other Funds up to an amount not exceeding Rs. 3,00,00,000/- (Rupees Three Crores Only) out of profit of the Company for the financial year 2011-12.
Duly completed the Postal Ballot form should reach in Scrutinizer on or before February 10, 2012. The Scrutinizer will submit the report to the Chairman & Managing Director of the Company after completion of the scrutiny and the result of the voting of the Postal Ballot will be announced on February 15, 2012, at the Registered Office of the Company. |
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