7 Sep 2011 08:22
RNS Number : 7739N
GAIL (India) Limited
07 September 2011
LETTER TO: NATIONAL STOCK EXCHANGE OF INDIA LIMITED
Sub: Passing of Resolution(s) by Postal Ballot
This is in continuation of our letter of even no. dated July 20, 2011 on the captioned subject.
The Company appointed Shri Sachin Agarwal, Practicing Company Secretary, New Delhi as Scrutinizer for conducting the Postal Ballot, who has submitted his report to the Company. The results of Postal Ballot were announced by Shri B.C. Tripathi, Chairman & Managing Director. The details of Postal Ballot results are as follow:-
Amendment in the Memorandum of Association of the Company and Transfer of Assets
Particulars | Resolution No. 1 (Special) | Resolution No.2 (Ordinary) |
Number of Valid Ballots Received | 1,394 | 1,320 |
Number of Valid Votes Received | 853,472,637 | 853,462,399 |
Votes in Favour | 853,469,335 | 853,457,910 |
Votes Against | 3,302 | 4,489 |
% of votes in favour | 99.9996 | 99.9995 |
Since the votes cast in favour of the Resolution no. 1 were more than three times than the votes cast against the resolution, the Resolution has been passed with requisite majority and votes cast in favour of the Resolution no. 2 were more than the votes cast against the resolution, the resolution has been passed with requisite majority.
The results have also been hosted on the website of the Company.
From: N.K. Nagpal (Company Secretary)
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