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| Exchange Received Time 12/02/2018 23:56:38 Exchange Disseminated Time 12/02/2018 23:56:45 Time Taken 00:00:07 | Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the members of the Company have accorded their approval with requisite majority, by way of Postal Ballot for the following items, as set out in the Notice dated 28th December, 2017:
1. Approval of SML Employees Stock Option Plan - 2018.
2. Approval for grant of options to the employees of the holding and subsidiary company (ies) under SML Employees Stock Option Plan - 2018.
3. Approval for grant of options equal to or exceeding 1% of the issued capital of the Company under SML Employees Stock Option Plan - 2018.
4. Approval for sale of entire stake in Omniventures Private Limited, a wholly owned subsidiary company.
In this regard, please find enclosed herewith the following:
i. The voting result in the Format prescribed under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as Annexure- 1.
ii. Copy of the scrutinizer's report as Annexure -2.
The approval is deemed to have been received as on 11th February, 2018, being the last date of receipt of Postal Ballot Forms from the members of the Company.
You are requested to kindly take the above on record and acknowledge the receipt of the same.
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