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| Exchange Disseminated Time | Kothari Products Ltd has informed BSE that the members of the Company will consider to approve, by way of Postal ballot, the special resolution for commencement of the businesses by the Company as given in sub-clause No. 20 and 21 of clause C of the Memorandum of Association of the Company namely:
"To carry on all or any of the business of constructional Engineers, architects, builders, contractors, decorators, electricians, wood workers and paviours and to acquire, develop, buy, sell real estate, multistoried or other buildings and group housing schemes." and
"To purchase, sell, develop, take in exchange, or on lease, hire or otherwise acquire, whether for investment or sale, or working the same, any real or personal estate including land, mines, business, buildings, factories, mills, houses, cottages, shops, depots; warehouses, machinery, plant, stock in trade, mineral rights, concessions, privileges, licences, easement or interest in or with respect to such property in such property in consideration for a gross sum or rent or partly in one way and partly in the other for any other consideration." and
"To carry on business as proprietors of flats and buildings and to let on lease or otherwise apartments therein and to provide for the conveniences commonly provided in flats, suites and residential and business quarters."
The Company has appointed Mr. Adesh Tandon, practising Company Secretary of Kanpur as Scrutinizer for conducting Postal ballot process in a fair & transparent manner.
The Postal ballot forms duly completed should reach the Scrutinizer on or before close of working hours on June 11, 2007. The Scrutinizer will submit his report to the Chairman of the Company & the results of the Postal Ballot will be declared by the Chairman on June 18, 2007. |
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