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Monday, March 28, 2011

Gammon India Ltd: Result of Postal Ballot

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

1. Special Resolution pursuant to Sections 31 and 259 of the Companies Act, 1956, for alteration of Article 123 of the Article of Association of the Company.

2. Special Resolution pursuant to Section 372A of the Companies Act, 1956, authorizing the Board of Directors to make investments in, acquire by way of subscription, purchase or otherwise the securities of any other body corporate, make / give loans / deposits / guarantees / securities to any other body corporate and in particular to the Companies mentioned in the Notice accompanying the Postal Ballot.Read More

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