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Pursuant to the order dated December 12, 2017 passed by the National Company Law Tribunal, Bench at Chennai (NCLT Order), a meeting of equity shareholders of the Company was held on Wednesday, January 24, 2018 at 11:00 A.M. at the premises of the Company at Rajgangpur - 770 017, Dist. Sundargarh, Odisha, India for approving the Scheme of Arrangement and Amalgamation amongst Odisha Cement Limited, Dalmia Bharat Limited and Dalmia Cement (Bharat) Limited and their respective shareholders and creditors (Scheme of Arrangement and Amalgamation/ Scheme). Pursuant to Para 1.A.9(a) of Annexure I of the SEBI Circular No. CIR/CFD/CMD/16/2015 dated November 30, 2015 (SEBI Circular) the Scheme was also required to be approved by majority of the Public Shareholders of the Company having been provided the facility of voting through postal ballot and e-voting. In accordance with the provisions of Sections 230(4) and 232(1) of the Companies Act, 2013 read with Rules 5 and 6 of Companies (Compromises, Arrangements and Amalgamations) Rules 2016, and Rules 20 and 22 of Companies (Management and Administration) Rules, 2014 and SEBI Circular, the Company had provided facility of postal ballot and e-voting to its equity shareholders (which includes Public Shareholders) for approval of the Scheme. Accordingly, voting by equity shareholders (including Public Shareholders) of the Company for approval of the Scheme has been carried out through (i) postal ballot; (ii) e-voting; and (iii) physical voting (ballot paper) at the venue of the meeting, which was held on January 24, 2018. As per Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed details regarding (i) the voting results of equity shareholders, in terms of the Companies Act, 2013 and NCLT Order, alongwith the Scrutinizers report; (ii) the voting results of Public Shareholders, in terms of the SEBI Circular, alongwith a separate Scrutinizers report. The meeting concluded at 11.45 a.m. The results are also being displayed at the premises of the Company at Rajgangpur-770 017, Dist. Sundargarh, Odisha, India and posted on the Companys website www.oclindialtd.in and on the NSDL website.
Source : BSE - www.bseindia.com
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