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Article: BORAX MORARJI ANNOUNCES RESULT OF POSTAL BALLOT

Article from:
The Hindustan Times
Article date:
May 23, 2007
Copyright

Report from the India Press Release brought to you by the Hindustan Times

MUMBAI, India, May 23 -- The Bombay Stock Exchange Limited (BSE) made the following corporate announcement:

Borax Morarji Ltd., has informed BSE that members of the Company, by way of postal ballot, have passed the following ordinary/special resolutions:

1. Subject to the confirmation of the Honourable High Court of Judicature at Bombay and/or any other regulatory authority as may be required under law, an amount upto Rs. 2,24,44,507 be utilized from the credit balance available in the Securities Premium Account, to make provision for/adjustment of the diminution in the value of investments made by the Company in the ...

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