Last date of receiving of Postal Ballot forms by the Scrutinizer 19.05.2017 1
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16. The result <strong>of</strong> <strong>the</strong> <strong>Postal</strong> <strong>Ballot</strong> shall be declared <strong>by</strong> <strong>the</strong> Chairman on 20.05.2017 at <strong>the</strong> Registered Office<br />
<strong>of</strong> <strong>the</strong> Company at 2.00 p.m. The resolution will be taken as passed effectively on <strong>the</strong> <strong>date</strong> <strong>of</strong><br />
announcement <strong>of</strong> <strong>the</strong> result <strong>by</strong> <strong>the</strong> Chairman, if <strong>the</strong> result <strong>of</strong> <strong>the</strong> <strong>Postal</strong> <strong>Ballot</strong> indicates that <strong>the</strong> requisite<br />
majority <strong>of</strong> <strong>the</strong> Members had assented to <strong>the</strong> resolution. The result <strong>of</strong> <strong>the</strong> <strong>Postal</strong> <strong>Ballot</strong> shall also be hosted<br />
on <strong>the</strong> website <strong>of</strong> <strong>the</strong> Company http://www.vasundhararasayans.in<br />
17. All relevant documents referred in <strong>the</strong> Explanatory Statement shall be open for inspection at <strong>the</strong> Registered<br />
Office <strong>of</strong> <strong>the</strong> Company on all working days between 11:00 hrs. to 13:00 hrs up to <strong>the</strong> <strong>date</strong> <strong>of</strong> declaration <strong>of</strong><br />
<strong>the</strong> result <strong>of</strong> <strong>Postal</strong> <strong>Ballot</strong>.<br />
EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013<br />
Authorisation to sell, lease or o<strong>the</strong>rwise dispose <strong>of</strong> <strong>the</strong> whole or substantially <strong>the</strong> whole <strong>of</strong> <strong>the</strong><br />
undertaking <strong>of</strong> <strong>the</strong> company or where <strong>the</strong> company owns more than one undertaking, <strong>of</strong> <strong>the</strong> whole or<br />
substantially <strong>the</strong> whole <strong>of</strong> any <strong>of</strong> such undertakings U/S 180(1)(a) OF THE COMPANIES ACT, 2013:<br />
The members may kindly be informed that as per <strong>the</strong> provisions <strong>of</strong> Companies Act, 1956, it required consent<br />
<strong>of</strong> <strong>the</strong> members as a Special Resolution for creation <strong>of</strong> security, <strong>the</strong> provisions <strong>of</strong> Companies Act, 2013<br />
stipulate consent <strong>of</strong> members <strong>by</strong> way <strong>of</strong> Special Resolution.<br />
Hence, in order to remain in compliance with <strong>the</strong> relevant provisions, <strong>of</strong> creation <strong>of</strong> security, which may be<br />
regarded as disposal <strong>of</strong> Company’s undertakings within <strong>the</strong> meaning <strong>of</strong> Section 180(1)(a) <strong>of</strong> <strong>the</strong> Companies<br />
Act, 2013, consent <strong>of</strong> <strong>the</strong> members is here<strong>by</strong> requested <strong>by</strong> way <strong>of</strong> proposed Special Resolution.<br />
The Board <strong>of</strong> Directors <strong>of</strong> your Company has approved this item in <strong>the</strong> Board Meeting held on 30.03.2017 and<br />
recommends <strong>the</strong> Resolution set out in <strong>the</strong> accompanying notice for <strong>the</strong> approval <strong>of</strong> members <strong>of</strong> <strong>the</strong> Company<br />
as a Special Resolution.<br />
The Board <strong>of</strong> Directors accordingly recommends <strong>the</strong>se resolution for approval <strong>of</strong> <strong>the</strong> Members.<br />
None <strong>of</strong> <strong>the</strong> Directors, Key Managerial Personnel and <strong>the</strong>ir relatives are in any way, concerned or interested in<br />
<strong>the</strong> said resolution, except to <strong>the</strong> extent <strong>of</strong> <strong>the</strong>ir equity holdings in <strong>the</strong> Company.<br />
By order <strong>of</strong> <strong>the</strong> Board<br />
For Vasundhara Rasayans Limited,<br />
Sd/-<br />
Rajesh Pokerna<br />
Managing Director<br />
Date: 30.03.2017<br />
Place: Hyderabad<br />
Enc. :<br />
1. Resolution with Statement pursuant to Section 102(1) <strong>of</strong> <strong>the</strong> Companies Act, 2013 and<br />
2. <strong>Postal</strong> <strong>Ballot</strong> Form and self-addressed prepaid business reply envelope.