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Cals Refineries Ltd has informed BSE that pursuant to the postal ballot exercise conducted by the Company and Mr. M V Sreenivas, scrutinizer appointed by the Company for this purpose, has reported that the special resolution set out in the postal ballot notice dated May 12, 2008 regarding the change in control of the Company in favour of Spice Energy group represented by SRM Exploration Pvt Ltd and its affiliates, in place of Mr. Sarvesh Goorha, the existing Promoters and other Persons acting in concert as defined under Securities and Exchange Board of India (Substantial Acquisition of Share and Takeovers) Regulations, 1997 has been passed by the members of the Company.

Tags: Cals

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