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    Results of Postal Ballot for seeking consent of equity shareholders of the Company for Scheme of Amalgamation between Satcom Broadband Equipment Limited and Bharti Broadband Limited and Bharti Airtel Limited

    Bharti Airtel Limited

    Registered Office : ‘Qutab Ambience’ H 5/12, Mehrauli Road, New Delhi – 110 030

     

    Pursuant to the provisions of Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001, the consent of equity shareholders of the Company was sought by Postal Ballot for approving Scheme of Amalgamation between Satcom Broadband Equipment Limited and Bharti Broadband Limited and Bharti Airtel Limited as specified in the Notice of Postal Ballot dated 23rd September, 2006 read with the Explanatory Statement attached thereto. The last date for receipt of the postal ballot forms duly completed from the Shareholders was October 31, 2006.

     

    Mr. Mohit Jolly, Advocate, New Delhi who was appointed as Scrutinizer for the Postal Ballot, has submitted the following Postal Ballot Results which were announced on November 4, 2006 at 5:00 p.m. at the registered office of the company by Mr. Sangaram Patnaik, Advocate, the Chairperson appointed for conducting business through Postal Ballot:

     

    Description

    Number of Votes

    Number of valid votes polled (%age)

    1464559793
    (100%)

    Votes cast in favour of the resolution (%age)

    1464559733
    (99.9999%)

    Votes cast against the resolution (%age)

    60
    (0.0001% approx.)

     

    The Votes cast “FOR” the resolution is 99.9999% approx of the total polled and consequently the resolution as mentioned in the notice of the postal ballot dated 23rd September, 2006 for approval of Scheme of Amalgamation between Satcom Broadband Equipment Limited and Bharti Broadband Limited and Bharti Airtel Limited is passed.

     

     

    For Bharti Airtel Limited

     

    Sd/-

    Date: November 4, 2006

    Vijaya Sampath

    Place : New Delhi

    General Counsel & Company Secretary