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Results of Postal Ballot

The shareholders have approved the Special Resolution for the appointment of Mr. P. B. Balaji as Whole Time Director of the Company.

Declaration of the results of Postal Ballot

Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (passing of the resolution by postal ballot) Rules, 2011 approval of the Members of the Company was sought by means of Postal Ballot, vide Notice dated 24th March, 2014, for the Special Resolution under Section 298, 309 and Schedule XIII of the Companies Act, 1956 with respect to the appointment of Mr. P. B. Balaji as Whole Time Director of the Company with effect from 1st July, 2014.

Based on the Scrutinizer’s Report dated 5th May, 2014 the Chairman has declared the Results of Postal Ballot as under:

Particulars

Number

Number of valid Postal Ballot Forms and Electronic Votes received

6,130

Votes in favor of the Resolution

168,04,05,455

Votes against the Resolution

41,06,383

Accordingly, the Special Resolution as set out in the Notice dated 24th March, 2014 was passed by shareholders with overwhelming majority of 99.76% votes cast in favour of resolution.

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