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Pursuant to the provisions of Section 110 of the Companies Act, 2013 and Rules made thereunder, the Company sought approval of the shareholders through Postal Ballot for the following Resolutions: 1. Ordinary Resolution for approval pursuant to Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for transactions entered into or proposed to be entered into by the Company with Sumitomo Chemical India Private Limited, a related party of the Company, during the financial year 2017-18 for the total amount not exceeding `150 crore plus applicable taxes and duties. 2. Ordinary Resolution for approval pursuant to Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for transactions proposed to be entered into by the Company with Sumitomo Chemical India Private Limited, a related party of the Company, during the financial year 2018-19 for the total amount not exceeding `200 crore plus applicable taxes and duties. Both the resolutions have been passed through Postal Ballot Process/electronic voting (e-voting) by requisite majority. The details of voting through remote e-voting process plus voting through ballot declared on 16th March, 2018 with respect to the Postal Ballot are enclosed herewith for each Resolution alongwith the Scrutinizers Report.
Pdf Link: Declaration Of Results Of Postal Ballot
Source : BSE - www.bseindia.com
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