Postal Ballot updates - Calendar of events for Postal Ballot

Morgan Industries Ltd has informed BSE that pursuant section 110 of Companies Act 2013, read together with the Companies (Management and Administration) Rules 2014, the Board of Directors in circulation has approved on December 14, 2015 Postal Ballot process seeking consent of shareholders for following:

1. Special Resolution under Section 110 & Section 180 (1) (a) of the Companies Act 2013 to sell the company’s vacant land at Pudueherry / Property of the Company.

2. Special Resolution under Section 110 & Section 186 (3) of the Companies Act 2013 to provide loans/guarantees/securities ceiling limit of Rs. 300 crores fixed by the Company.

Further, the Board of Directors have also fixed December 11, 2015 as Cut-off date for determining the eligibility of the shareholders to vote through Postal Ballot including E-Voting for the above purpose. A copy of Calendar of Events approved by the Board is enclosed.

Pdf Link: >Postal Ballot updates - Calendar of events for Postal Ballot

Source : BSE - >www.bseindia.com

Published on December 14, 2015
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