Gayatri Projects - Notice of Postal Ballot
Gayatri Projects Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot following the Special Resolutions:
1. To alter the other objects clause of the Memorandum of Association of the Company by adding the following new clause 13,14,15 & 16 after the existing clause III A(12)
13. To promote, develop and invest in infrastructure projects within the country or outside in various areas like State and National Highways, Auto Bahns, Flyovers, Elevated Roads, Toll Roads, Expressways, Road Over Roads (ROR) Airport Runways, Light Rail Transit Systems (IRTS), Mass Rapid Transit Systems (MRTS), Railways, Via Ducts, Metro Railways (underground); Sea Ports & Airports; Power Plants (thermal - based on fuel like Coal, Naphtha, Condensate, LNG and other Petro products, mini & major hydel; Pumped storage Scheme and non-conventional energy based); construct Lines, and take over distribution of power, trading, purchase power from generators and distribute to consumes over the distribution network own and / or operate
Power Plants, Telecommunication systems (basic, cellular, paging, wireless, satellite based and others); Hotels(medium to large); Software technology & industrial parks; Water Supply; Sewerage and Public Health Schemes; Pipeline Projects; underwater / underground tunnels, irrigation schemes, Railway and Road Over Bridges, Fuel Terminals (like that of Naphtha, LNG, Superior Kerosene, Diesel, Petrol, Aviation Fuel, NG and others); sports stadium; warehouse complexes and any other projects directly or indirectly associated with infrastructural facilities, on Build, Own, Operate (BOD), Build, Own and Transfer (BOT), Build, Own, Operate & Transfer (BOOT), Build, Operate, Lease & Transfer (BOLT), Build, Own, Operate, Share & Transfer (BOOST) or any other similar scheme.
14. To take up turnkey contracts within the country and outside involving Engineering, Consultancy, Procurement, Construction, Project management & Completion in various sectors like power, on-shore oil & gas, refinery, fertilizers, chemicals, petrochemicals, sea & air ports and such other industries; engage in Process Design, Front End Engineering, Detailed Engineering, Construction Supervision and associated activities necessary for Turnkey Contracts; undertake Operations & Maintenance of such Turnkey Projects after completion and / or of projects completed by other contractors for any utility companies or other, process industries or projects.
15 . To carry on business as estate agents and estate managers and to collect, rents, repair, look after, and manage immovable properties of or for any persons, firms and companies governments and states as well as of this Company, to give, take let and sublet and to carry out, undertake or supervise and building construction, altering, improving, demolishing and repairing operations and another works and operations in connection with immovable estates and properties.
16. To construct, Build, develop maintain, operate, own and transfer infrastructure facilities including housing, roads, highways, bridges, airports, ports, rail systems, water supply projects, irrigation projects, inland Water ways and inland ports, water treatments systems, solid waste management systems, sanitations and sewerage systems, or any other public facilities of a similar nature; any project for generation and or distribution of electricity or any other form of power and any project for providing telecommunication services?.
2. For commencement of business as specified in the said sub-clause 13 to 16 Clause III C (other objects) of the Memorandum of Association of the Company.
The Company has appointed Mr. Y Koteswara Rao, Practising Company Secretary as Scrutinizer for conducting the Postal Ballot process in a fair & transparent manner.
The Postal Ballot form duly completed should reach the Scrutinizer before the close of working hours, on or before, April 10, 2008. The scrutiniser will submit the report to the Chairman of the company after completion of scrutiny of the Postal Ballot forms. The results of the Postal Ballot will be announced by the Chairman / Vice Chairman / Managing Director / any other Director duly authorized by the Chairman on or before April 12, 2008.
Tags: Gayatri Projects