Declaration of court convened meeting e-voting results

Outcome of voting of Court Convened Meeting held on 30th June, 2016.

As per the directions of the Hon’ble High Court of Bombay vide order dated 29th April, 2016, the Court Convened Meeting of the Company was held on 30th June, 2016 at 2.00 p.m. at the Registered Office of the Company.

As per the provisions of the Companies Act, 2013 as also the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had provided the facility of remote e-voting and e-voting at the meeting of the Shareholders to enable them to cast their vote electronically on the resolutions proposed in the Notice of the Court Convened Meeting (CCM). The remote e-voting was open from 26th June, 2016 to 29th June, 2016.

In line with the provisions of the Companies Act, 2013 and in terms of the clarification issued by MCA, voting by Show of Hands was not permitted at the General Meeting where e-voting had been offered to the shareholders. Therefore, at the CCM, voting was conducted by means of remote e-voting and e-voting at the meeting.

Mr. S. N. Ananthasubramanian, Practising Company Secretary and Mr. P. D. Vora, Shareholder of the Company were appointed as the Scrutinizers for remote e-voting and e-voting at the meeting. The Scrutinizers have carried out the scrutiny of all the electronic votes received up to the close of remote e-voting period on 29th June, 2016 and e-voting received till the conclusion of the meeting and submitted their Report on 30th June, 2016.

Based on the Report of the Scrutinizers, the Resolution as set out in the Notice of Court Convened Meeting has been duly approved by the Shareholders with requisite majority.

Back to top