With reference to the earlier letter dated June 08, 2015 regarding E-voting and Postal ballot result, Grasim Industries Ltd has Clarified to BSE that the result presently communicated, contains only the details of the Votes by way of Postal Ballot and e-voting pursuant to SEBI Circulars dated February 04, 2013 and dated May 21, 2013. Of the public shareholders who have voted through postal ballot / e-voting (other than promoters) 99.99% have voted in favour of the resolution approving the Scheme. Further, the proposal also needs the approval of the majority of the shareholders representing at least 3 /4 of the face value of the shareholders under Sections 391 to 394 of the Companies Act, 1956. The Court convened meetings of the shareholders and creditors of the Company for approving the said Scheme will be held on June 10, 2015.
Pdf Link:>Updates on E-voting and Postal ballot result
Source : BSE - >www.bseindia.com
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.