Others

Result of Postal Ballot

| Updated on January 19, 2011 Published on January 19, 2011

Nivedita Mercantile & Financing Ltd has informed BSE that the members of the Company, by way of Postal Ballot have passed the following resolutions, with requisite majority:

1. Increase in Authorised Share Capital of the Company and Alteration of Capital Clause of the Memorandum of Association pursuant to Section 16 and Section 94 of the Companies Act, 1956.

2. Alteration of Capital clause of the Articles of Association pursuant to the Provisions of Section 31 of the Companies Act, 1956.

3. Special Resolution authorizing the Board of Directors of the Company under the provisions of Section 81 (1A) of the Companies Act, 1956 for issue of Preferential Shares and Warrants.

4. To grant authority to the Board of Directors to Create Charge/ Hypothecate/ Mortgage Property of the Company under Section 293(1)(a) of the Companies Act, 1956.

5. To grant authority to the Board of Directors for Increasing the Borrowing Powers of the Company.

Source : BSE - >www.bseindia.com

Published on January 19, 2011
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