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| Exchange Received Time 20/02/2018 19:29:45 Exchange Disseminated Time 20/02/2018 19:29:49 Time Taken 00:00:04 | Dear Sir/ Madam,
Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform the Exchange that the Voting Results for the Postal Ballot Notice ('Notice') dated January 10, 2018, sent to Members of the Company for their approval on the resolution relating to the following matter, has been announced on February 20, 2018 at the Registered Office of the Company:
Transfer of lending business of the Company by way of slump sale as 'going concern' to a wholly owned subsidiary of the Company
In this regard, please find enclosed following for your reference and records:
1. Voting Results of the Postal Ballot as per the format prescribed in Regulation 44 of the Listing Regulations.
2. Scrutinizer's Report issued by Mr. Umashankar K. Hegde, Practising Company Secretary.
Based on the Scrutinizer's Report, the abovementioned resolution has been passed with requisite majority.
Further, the aforesaid Voting Results alongwith Scrutinizer's Report would also be made available on website of the Company at www.motilaloswalgroup.com.
Kindly take the same on record.
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