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The Paper Products Ltd |
Regd.
Office: Regent Chambers, |
13th
Floor, Nariman Point, Mumbai – 400 021. |
OUTCOME
OF POSTAL BALLOT
Results
of the Postal Ballot seeking approval of members of the
Company for passing the Resolutions, as set out in the Notice
of Postal ballot dated 12th January 2010.
Mr.
S. N. Ananthasubramanian – Scrutinizer has submitted
his report dated 2nd March, 2010 to the undersigned.
The
summary of the Scrutinizer’s Report is as under :-
Number
of Postal Ballot Forms |
| 1 |
Received |
353 |
| 2 |
Invalid |
21 |
| 3 |
Valid |
332 |
Item
no. 1
Keeping
of Register of Members and other related books at a place
other than the Registered Office of the Company
| Particulars |
Number
of Ballot Papers |
No.
of Votes |
Percentage |
| Assent |
315 |
86,60,187 |
99.54 |
| Dissent |
17 |
39,720 |
0.46 |
| Total
|
332 |
86,99,907 |
100.00 |
The
Special Resolution as set out in item No. 1 of the Notice
of Postal Ballot dated 12th January 2010 is passed with
requisite majority.
Item
no. 2
Re-Appointment
of Mr. Suresh Gupta as the Managing Director & CEO of
the Company with effect from 1st January 2009 and payment
of Remuneration to him
| Particulars |
Number
of Ballot Papers |
No.
of Votes |
Percentage |
| Assent |
286 |
86,33,292 |
99.23 |
| Dissent |
38 |
62,940 |
0.72 |
| Abstained |
8 |
3,675 |
0.05 |
| Total
|
332 |
86,99,907 |
100.00 |
The
Ordinary Resolution as set out in Item No. 2 of the Notice
of Postal Ballot dated 12th January 2010 is passed with
requisite majority.
Item
no. 3
Revision in Remuneration of Mr. C N Murthy, Executive Director
& COO of the Company.
| Particulars |
Number
of Ballot Papers |
No.
of Votes |
Percentage |
| Assent |
272 |
86,25,172 |
99.14 |
| Dissent |
52 |
71,060 |
0.82 |
| Abstained |
8 |
3,675 |
0.04 |
| Total
|
332 |
86,99,907 |
100.00 |
The
Ordinary Resolution as set out in Item No. 3 of the Notice
of Postal Ballot dated 12th January 2010 is passed with
requisite majority.
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For
The Paper Products Ltd. |
| Date:
3rd March 2010 |
K.
C. Narang |
| Place:
Mumbai |
Chairman |
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