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| Exchange Disseminated Time | Cubex Tubings Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Ordinary Resolution relating to assign / transfer / sale the structures standing thereon and/or any part or portion thereof along with Leasehold Land and Building of the Company at Plot No. A-12A, Mettupalayam Industrial Estate, Pondicherry, at such price, not less than the net book value of the assets, and on such terms and conditions as may be decided by the Board and with full power given to the Board of Directors to finalize and execute necessary documents including agreements, deeds of assignment / conveyance, any other documents and to do all such acts, deeds, matters and things or delegate any of such powers to persons as may be deemed necessary or expedient in their discretion for completion of transfer, sale and / or disposal of the said assets, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. Sarada Putcha, Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the Company not later than the close of working hours on October 07, 2011. The scrutinizer will submit her report to Shri. P R Bhandari, Managing Director and / or any other Director of the Company, after completion of the scrutiny and the results of the postal ballot will be announced at 11.00 A.M. on Saturday the October 08, 2011 at the Registered Office of the Company at 1-7-27 to 34, Shyam Towers, S.D.Road, Secunderabad- 500 003 Andhra Pradesh, India. |
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