Centrum Capital - Notice of Postal Ballot
Centrum Capital Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Special Resolution to make any loan(s) to, and / or give any guarantee(s), and provide any security(ies) in connection with loan(s) made by any other person to, or to any other person by, and / or acquire, by way of subscription, purchase or otherwise the securities of, one or more body(ies) corporate fulfilling the criteria specified in the Explanatory Statement annexed hereto even if such loans, guarantees, securities and investments together with the aggregate of loan(s) made, guarantee(s) given, security(ies) provided and investment(s) made from time to time is in excess of the ceiling prescribed under section 372A of the Companies Act, 1956 computed on the basis of the Audited Accounts of the financial year immediately preceding the financial year in which such loans are made, guarantees given, securities provided and investments made, provided that the excess over the ceiling prescribed under section 372A of the Companies Act, 1956 computed at the beginning of the financial year will not at any time exceed Rs 500 Crores, subject to necessary provisions & approvals.
The Company has appointed Mr. Mukesh Siroya, a Practicing 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 not later than the close of working hours on April 11, 2008. The scrutinizer shall submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced by the Chairman or Managing Director on April 12, 2008.
Tags: Centrum Capital