Monday, June 9, 2008

Tricom India - Result Of Postal Ballot - June 9, 2008

Tricom India Ltd has informed that the Members of the Company have completed the process of Voting by Postal Ballot, held in pursuance of the resolution of the Meeting of the Board of Directors held on May 02, 2008, in respect of the following Resolutions:

1. Special Resolution under Section 372A of the Companies Act, 1956 for Investments, Inter Corporate Loans, Guarantees / Security in excess of the prescribed limits.

2. Special Resolution under Section 81 (1A) of the Companies Act, 1956 for Issue of Optionally Fully Convertible Debenture of Rs 10/- each on preferential basis towards part consideration for the acquisition of Godrej Global Solutions Ltd.

3. Ordinary Resolution under Section 94 of the Companies Act, 1956 for Sub-division of Equity Shares of the Company from Rs 10/- each to Rs 2/- each.

4. Special Resolution under Section 16 and 31 of the Companies Act, 1956 for Consequential amendment to the Memorandum and Articles of Association of the Company due to sub-division of Equity Shares.

All the above resolutions, as per the results declared on June 07, 2008, have passed by special / ordinary resolutions with requisite majority.

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