HT Media issues Notice of Postal Ballot for stock split

HT Media Ltd has announced that the members of the Company will consider to approve the Ordinary Resolution by way of Postal Ballot, for sub-dividing the Equity Shares of the Company of the face value of Rs 10/- each into five Equity Shares of the Company of the face value of Rs 2/- each and consequently, the Authorised Share Capital of the Company of Rs 72,50,00,000/- would comprise of 26,25,00,000 Equity Shares of Rs 2/- each and 20,00,000 Preference Shares of Rs 100/- each, with effect from the "Record Date" to be determined by the Board for this purpose and consequential amendments in the Memorandum of Association of the Company, subject to necessary provisions and approvals.

The Company has appointed Ms Madhurima Mukherjee, Partner of Luthra & Luthra, Law Offices, as the scrutinizer for conducting the postal ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer on or before the close of working hours on December 11, 2006. The scrutinizer will submit her report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on December 15, 2006.

Source : Equity Bulls

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