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| Exchange Disseminated Time | BPL Ltd has informed BSE that the members of the Company will consider to approve the resolutions by way of Postal Ballot.
1. Ordinary Resolution under Section 293(l)(a) of the Companies Act, 1956, for transfer of Company’s Healthcare Business to a Wholly Owned Subsidiary (WOS) of the Company as mentioned in the Resolution attached to the Postal Ballot Notice dated June 15,2012.
2. Special Resolution under Section 372A of the Companies Act, 1956, for Investing in the Equity Share Capital of the Wholly Owned Subsidiary(WOS)of the Company as mentioned in the Resolution attached to the Postal Ballot Notice dated June 15 ,2012.
3. Special Resolution under Section 372A of the Companies Act, 1956, for providing security to Asia Pragati Capfin Private Limited in connection with non-convertible debentures issued by the Company’s Subsidiary viz., Bharat Energy Ventures Limited as mentioned in the Resolution attached to the Postal Ballot Notice dated June 15, 2012.
Duly completed Postal Ballot Form should reach the Scrutinizer not later than the close of working hours (1700 hrs) on July30, 2012.
The result of the voting on the resolutions will be declared at the Head Office of the Company at BPL Limited, 11th KM, Arakere, Bannerghatta Road, Bangalore - 560 076 on or before August 03, 2012. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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