RESULT OF THE POSTAL BALLOT

The Board of Director at their mitting held on 31st March 2007 had given their Approval for the proposal to alter the objects Claus of the memorandum of Association of the company, to shift the registered office the company from the state of the Rajasthan to the state of Maharashtra, for increasing the borrowing powers of the Board of Directors of the company and for the authorizing the Board of Directors of the company to create mortgage and/or charge company's undertaking (s). The said proposals were subject to the shareholders approval.

According to section 192A of the company Act, 1956 read with the companies (passing of the resolution by Postal Ballot) Rules, 2001, the consent of the shareholders for the above proposals was required to be obtained by means of a postal ballot.

Accordingly, a notice of postal ballot dated 31st March,2007 was sent to the shareholders for their consideration along with the drafts of the relevant resolutions , explanatory statement and postal ballot for Mr. Shirish Shetye, Practicing company Secretary, was appointed as the scrutiniser for conducting the postal ballot process in a fair and transparent manner . The last date for receipt of the postal ballot forms duly completed by the shareholders was fixed as 14th May, 2007

The scrutiniser has submitted his report on the postal ballot to the undersigned and the undersigned has announced the same to the shareholders on 17th May, 2007 at 11.30 a.m. at the registered office of the company . The said results are given below.

1ITEM NO.1 OF THE NOTICE

Special Resolution under section 17of the Companies Act, 1956 to alter the object clause of the Memorandum of Association of the Company.


Votes Cast Summary

 
Ballot
Votes
%
In favour
27
21, 81,314
99.91
Not in Favour
1
300
0.02
*Invalid
5
1600
0.07
Total
33
21, 83,214
100.00

Result

The votes cast for giving to the resolution for altering the objects clause of the Memorandum of Association of the Company is 99.91% of the total votes polled and consequently the special resolution as mentioned it the notice of the postal ballot dated 31st March.2007 is passed by requisite majority.


II ITEM NO.2 OF THE NOTICE

Special Resolution under section 17of the companies Act, 1956 to shift the registered office of the Company from the state of Rajasthan to the state of Maharashtra.

Votes Cast Summary

 
Ballot
Votes
%
In favour
27
21, 81,314
99.91
Not in Favour
0
0
0.00
*Invalid
6
1900
0.09
Total
33
21, 83,214
100.00

Result

The votes cast for giving assent to the resolution for shifting the registered office of the Company from the state of Rajasthan to the state of Maharashtra is 99.91% of the total votes polled and consequently the special resolution as mentioned it the notice of the postal ballot dated 31st March.2007 is passed by requisite majority.

 

III ITEM NO. 3 OF THE NOTICE

Ordinary Resolution under section 293(1) (d) of the Companies Act, 1956 for increasing the borrowing powers of the Board of Directors of the Company

Votes Cast Summary

 
Ballot
Votes
%
In favour
25
21, 80,974
99.89
Not in Favour
2
340
0.02
*Invalid
6
1900
0.09
Total
33
21, 83,214
100.00

Result

The votes cast for giving assent to the resolution for increasing the borrowing powers of the Board of Directors of the Company is 99.89% of the total votes polled and consequently the special resolution as mentioned it the notice of the postal ballot dated 31st March.2007 is passed by requisite majority.

 

IV ITEM NO.4 OF THE NOTICE

Ordinary Resolution under section 293(1) (d) of the Companies Act,1956 for authorizing the Board Of Directors of the Company to create mortgage and/or charge Company's undertaking(s)

Votes Cast Summary

 
Ballot
Votes
%
In favour
24
21, 80,674
99.88
Not in Favour
2
340
0.02
*Invalid
7
2200
0.10
Total
33
21, 83,214
100.00

Result

The votes cast for giving assent to the resolution for authorizing the Board of Directors of the Company to create mortgage and/or charge Company's undertaking (s) is 99.88% of the total votes polled and consequently the special resolution as mentioned it the notice of the postal ballot dated 31st March.2007 is passed by requisite majority.

 

17th May, 2007 For NEELKANTH ROCKMINERALS LTD.


(GAUTAM CHAND KAWAR)
DIRECTOR


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