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Please find enclosed the results of the Postal Ballot (including voting by electronic means) along with the Scrutinizers Report in respect of the following special resolutions contained in the Postal Ballot Notice dated December 18, 2017 pursuant to requirements of Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 1. To approve formulation of CMD Stock Option Scheme viz. CMD Stock Option Scheme - 2017 2. To approve Grant of stock options exceeding more than 1% of paid up capital under CMD Stock Option Scheme - 2017 3. To approve re-appointment of Mr. Dinesh Kanabar (DIN 00003252) as Non-Executive Independent Director of the Company. We would like to inform you that the Resolutions 1, 2 and 3 as mentioned above have been passed by the members of the company with requisite majority. The approval is deemed to have been received on the last date of receipt of postal ballot forms, i.e. on January 21, 2018 and the said resolutions were passed with requisite majority.
Source : BSE - www.bseindia.com
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