| | | | Result of Postal Ballot | 11/14/2011 12:49:28 PM | | | | Gemini Communication Ltd has informed BSE that the members of the Company have passed the following resolution, by way of Postal Ballot:
"In accordance with Article 46(1) of the Articles of Association of the Company and the provisions of Section 77A, 77AA and 77B of the Companies Act, 1956, the SEBI (Buy - Back of Securities) Regulations, 1998, and subject to such other approvals, permissions and sanctions as may be necessary and subject to any modifications and conditions, if any, as may be prescribed by the appropriate authorities which the Board of Directors of the Company (including any Committee thereof) is authorized to accept, the consent of the members be and is hereby accorded for the purchase by the Company of its fully paid-up Equity Shares each of face value of Re. 1 to the extent not exceeding 25% of the Company’s paid-up Equity Share Capital at such price not exceeding Rs. 45/- per equity share as may be determined by Board from the open market through the Bombay Stock Exchange Limited and National Stock Exchange of India Limited and the aggregate amount to be expended by the Company for the Buy- Back shall not exceed Rs. 29,76,49,000/- which is within 25% of the Company’s filly paid-up Equity Share Capital and Free Reserves as per the Audited Balance Sheet as on March 31, 2011." | |
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