Wipro - Notice of Postal Ballot
Wipro Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following resolutions:
1. To amend the existing objects of Clause III of the Memorandum of Association of the Company being the main objects to be pursued by the Company by inserting the following objects as clause 3 (a25) and 3 (a26) to the existing clauses.
(a25) To design, develop, fabricate, manufacture, operate, install, maintain, and assemble export from and import, sell or otherwise deal in all kinds of end to end solutions including equipments, for water treatment including but not limited to ultra pure water, waste water treatment, water reuse and desalination and related activities,
(a26) To design, develop, fabricate, manufacture, assemble, operate, maintain, export from and import, sell or otherwise deal in and to act as consultant, designer, supplier, manufacturer, importer or exporter of every goods and services including equipments in connection with all types of renewable energy systems, food and agricultural processing systems such as but not limited to Biofuel, wind energy, solar energy, geo-thermal energy systems, filling, sealing, coding, marking / labeling and packaging machinery and equipment, agricultural tools / implements, machinery and equipment, agricultural product processing including food processing project and equipment not limited to such purposes as power generation, water heating, sorting, grading, washing, cutting, slicing, mixing, waxing, distillation, fermentation, filtration, drying, concentration, heat exchangers, mixing, pasteurization systems, etc made of all types of steel and other special metals / non metals for all types of applications and user industries and to deliver these plant, equipment, machinery and services anywhere in the world.
2. To mortgage and / or charge, hypothecate, pledge, create lien and other encumbrances to procure such secured loans in addition to the mortgages and / or charges created / to be created by the Company including for any existing or future borrowing or for converting existing borrowing from unsecured to secured borrowings in such form and manner and with such ranking as to priority and for such time and on such terms as the Board may determine, all or any of the movable and / or immovable, tangible and / or intangible properties of the Company, both present and future and / or the whole or any part of the undertaking(s) of the Company together with the power to take over the management of the business and concern of the Company in certain events of default, in favour of the lender(s), agent(s), trustee(s) for securing the borrowings of the Company availed / to be availed by way of loan(s) (in foreign currency and / or rupees) and securities (comprising convertible and / or non-convertible instruments or other debt instruments), issued / to be issued by the Company, from time to time, subject to the limits of borrowings as per Section 293(l)(d) of the Companies Act, 1956, together with interest and other charges including any increase as a result of devaluation / revaluation / fluctuation in the rates of exchange and all other monies payable by the Company in terms of loan agreement(s), or any other document entered into / to be entered into between the Company and the lender(s) / agent(s) / trustees, in respect of the said loans / borrowings and containing such specific terms and conditions and covenants in respect of enforcement of security as may be stipulated in that behalf and agreed to between the Company and the lender(s) / agent(s) / trustee(s).
The Company has appointed Mr. V Sreedharan, 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 June 09, 2008. The scrutinizer will submit his report to the Chairman or any other Director of the Company, after completion of the scrutiny and the results of the postal ballot will be announced on June 25, 2008.
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