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Updates of Visaka Industries
18 Aug '07
2 min read
Visaka Industries Ltd has informed that the members of the Company will consider to approve by way of Postal Ballot the following Ordinary / Special Resolutions:
1. For sale of the whole of the undertaking an including lease hold rights of land of the Garment Division, for such consideration and on such terms as the Directors in their discretion consider most beneficial to the Company, subject to necessary provisions & approvals.
2. For alteration of the existing main objects clause i.e. Clause IIIA of the Memorandum of Association of the Company by incorporating the following clause after the existing clause 13 in the following manner:
"To manufacture and deal in Aerocon Sandwiched Panels / Aerocon Blocks (Aerated Autoclaved Concrete Bricks) using Cement, Fly ash, Expanded Polystyrene Beads, Chemicals and mix of Silicaceous and Micaceoas and such other material as is found technically suitable for manufacture of these products."
The Board of Directors at its meeting held on August 10, 2007 has appointed Shri. P V Ramana Kumar, Chartered Accountant as the Scrutinizer for conducting the postal ballot voting process in a fair and transparent manner.
The Postal Ballot form duly completed should reach to the Scrutinizer on or before on September 15, 2007. The Scrutinizer will submit his report to the Chairman after the completion of the scrutiny and the results of the postal ballot will be announced on or before September 17, 2007.
1. For sale of the whole of the undertaking an including lease hold rights of land of the Garment Division, for such consideration and on such terms as the Directors in their discretion consider most beneficial to the Company, subject to necessary provisions & approvals.
2. For alteration of the existing main objects clause i.e. Clause IIIA of the Memorandum of Association of the Company by incorporating the following clause after the existing clause 13 in the following manner:
"To manufacture and deal in Aerocon Sandwiched Panels / Aerocon Blocks (Aerated Autoclaved Concrete Bricks) using Cement, Fly ash, Expanded Polystyrene Beads, Chemicals and mix of Silicaceous and Micaceoas and such other material as is found technically suitable for manufacture of these products."
The Board of Directors at its meeting held on August 10, 2007 has appointed Shri. P V Ramana Kumar, Chartered Accountant as the Scrutinizer for conducting the postal ballot voting process in a fair and transparent manner.
The Postal Ballot form duly completed should reach to the Scrutinizer on or before on September 15, 2007. The Scrutinizer will submit his report to the Chairman after the completion of the scrutiny and the results of the postal ballot will be announced on or before September 17, 2007.
Visaka Industries Ltd
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