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To,
Department of Corporate Services,
BSE Limited,
P. J. Towers, Dalal Street,
Fort, Mumbai - 400 001,
Maharashtra.
As per regulation 42 of SEBI (LODR) Regulations 2015, the Company has fixed 20th
February, 2017 as a Record Date for the purpose of Consolidation of equity shares
(Face value from Re. 1/- to Rs.l0/- per equity share).
Thanking you,
CC:
To, To, To,
National Securities Central Depository Bigshare Services Pvt.
Depository Limited Services (India) Ltd.
Trade World, A wing, 4th & Limited E2/3,Ansa Industrial
5th Floors, i7th floor, P J Towers, Estate, Saki Vihar Road,
Kamala Mills Compound, Dalal Street, Fort, Saki Naka, Andheri (East),
Lower Parel, Mumbai - 400 Mumbai - 400 001. Mumbai 400 072
013. Maharashtra
Maharashtra
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..I Developing a Laptop Nation
ISO 9001:2000
RQl31'2239
Item No.1: Consolidate 10 Equity share ofRe.1/- each into 1 Equity share ofRs.
10/- each.
To consider and if thought fit, to pass, with or without modification(s), the following
resolution as an Ordinary Resolution:
"RESOLVED THAT pursuant to section 61(I)(b) and all other applicable provisions, if
any, of the Companies Act, 2013 and any other Statutory provisions and Regulation, if
any , and in accordance with the provisions of the Articles of Association of the
Company, and subject to such approvals, sanction, consent and permissions, as may
be necessary from appropriate authorities or bodies, 10 (Ten) Equity Share of the
company of the face value of Re. 11-(Rupee One) each in the capital of the company
fully paid-up, be consolidated into l(one) equity shares of Rs.I01 -(Rupees Ten) each
fully paid-up."
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"RESOLVED FURTHER THAT this Trust shall sell consolidated shares held in its
name, in the market including off market sale, at the best available price in one or
more lots. The decision of the Trust as to the timing and method of sale and the price
at which such sale has been given effect to in that behalf shall be final and binding on
all concerned. The Trust shall hold the net sale proceeds of all such shares after
defraying them from all costs, charges and expenses of such sale and shall thereafter
distribute such sale proceeds to the members of the Company in proportion to their
fractional entitlements. .
"RESOLVED THAT' pursuant to the provisions of Section 13 and all other applicable
provisions of the Companies Act, 2013 and subject to such other approval(s),
consent(s), permission(s) and sanction(s) as may be necessary from the concerned
Statutory Authority (is), the first paragraph of the existing clause V of the
Memorandum of Association of the company relating to Capital be replaced by the
followingparagraph:
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ISO 9001:2000
RQ91/2239
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!!Certified to be True!!
Hirji~atel
(ManagingDirector)
Din: 00157481
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ISO 9001:2000
RQ 9112239
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Developing a Laptop Nation
Explanatory Statement
Under Section 102 of the Companies Act, 2013 [Forming Part of the Notice to the
Members]
The Equity shares of your company are listed and actively traded on the BSE Limited.
The average market price of the. shares of the Company during last 1 year is way below
the face value of the equity shares of the Company & shareholders are incurring heavy
costs in trading in the equity shares of the Company. The Board of Directors has
considered and proposed to consolidate the equity shares of the Company by which
the face value of each share would be Rs. 10 (Rupees Ten). The consolidation of shares
is subject to approval of the shareholders and any other statutory and regulatory
approvals, as applicable, hence the said resolution is proposed for the consideration
and approval from the shareholders of the Company.
Accordingly, the Resolutions at Item Nos. 1 to 2 seek approval of the Shareholders for
the proposed consolidation of face value of the Equity Shares and the consequent
amendments to the existing Clause V of the Memorandum of Association of the
company.
ISO 9001:2000
RQ$1,2239
Developing a Laptop Nation
A copy of the existing Memorandum of the company along with the proposed draft
amendments is available for inspection by any shareholder at the Registered Officeof
the company between 11.00 A.M. to 1.00 P.M. on all working days (except Saturdays,
Sundays and Public Holidays) up to 30th January, 2017.
None of the Directors, Key Managerial Personnel and their relatives are financially or
otherwise concerned with or interested in the resolution at Item Nos. 1 and 2 of the
notice except to the extent of their shareholding in the company.
II Certified to be True II