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| Exchange Disseminated Time | CTIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2013, inter alia, has considered the following:
1. The Board of Directors has approved the draft Postal Ballot Notice and Form for passing the following resolutions and authorized Mr. K. Ramesh, Executive Director cum Compliance Officer and or Mr. P. V. V. Satyanarayana, Director, to initiate and complete the formalities relating there to :
(i) To ensure the Special Resolution is passed and approved by the shareholders so as to alter the objects clause for inclusion of such objects to enable the company to carry on business of agriculture, horticulture, growing herbs & medicinal plants and any suitable other agriculture related activities.
(ii) To include & disclose the relevant information to shareholders on the pre & post issue shareholding pattern relating to the Convertible Equity Share Warrants issued during the year 2011 and which were accordingly converted into Equity shares during the year 2013 and requesting the share holders to pass the resolution ratifying the aforementioned capital structure.
2. With the permission of the chair and after due discussion the Board has accepted the resignation of Mr. P. Guru Krishna, as Director of the Company. |
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