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Friday, February 18, 2011

Marg Ltd: Result of Postal Ballot

Marg Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed the following resolutions, with requisite majority :

1. To hive-off the residential unit / projects of Real Estate Business of the Company under Section 293(1)(a) of the Companies Act, 1956 (Act) (Ordinary Resolution); and

2. To pay commission to Non-executive Directors of the Company under Section 309 of the Act (Special Resolution).Read More

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