Result of Postal Ballot

Bhagyanagar India Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the Special Resolution relating to purchase the Companys own fully paid up Equity Shares of Rs. 2/- each from open market through stock exchange mechanism, for an aggregate amount not exceeding Rs. 14,00,00,000/- (Rupees Fourteen Crores only), up to a minimum of 40,00,000 shares and a maximum of 80,00,000 shares, at the prevailing market price up to a maximum price of Rs. 35/- per equity share (i.e. within 25% of the total paid-up capital and free reserves of the Company as per the audited Balance Sheet as at March 31, 2010 and not exceeding 25% of the total paid-up equity capital in a financial year), with requisite majority.

Source : BSE - >www.bseindia.com

Published on March 10, 2011
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