Forbes & Company - Notice of Postal Ballot
Forbes & Company Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Ordinary Resolution for the transfer of the Undertaking of the Company engaged in the business of manufacture and / or sale of typewriters, vacuum cleaners, plastic moulded parts, tool room, operations of Windmill, etc. at Chennai, Bhimtal, Muppandal and Hosur, to a suitable party / parties or to one or more of the subsidiaries of the Company by way of sale, assignment or otherwise at such consideration and with effect from such date as the Board of Directors of the Company may think fit and that the Board of Directors of the Company (which shall include a Committee of Directors constituted for the purpose) be and is hereby authorized to complete the transfer of the said Undertaking or Undertakings or a part or parts thereof with such modifications as may be required by any of the concerned authorities or which it may deem to be in the interest of the Company and to do all such acts, deeds, matters and things as may be deemed necessary and / or expedient in the interest of the Company, subject to the necessary provisions & approvals.
The Company has appointed Mr. Dinesh Kapadia, Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before May 05, 2008. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on May 08, 2008.
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