General information about company

Scrip code504918
NSE Symbol
MSEI Symbol
ISININE149K01016
Name of the companyThe Sandur Manganese & Iron Ores Limited
Type of meetingCourt Convened Meeting
Date of the meeting / last day of receipt of postal ballot forms (in case of Postal Ballot)23-09-2019
Start time of the meeting10:00 AM
End time of the meeting11:30 PM



Scrutinizer Details

Name of the ScrutinizerV. Jayagopal
Firms NameNA
QualificationCS
Membership Number5389
Date of Board Meeting in which appointed09-08-2019
Date of Issuance of Report to the company25-09-2019



Voting results

Record date09-08-2019
Total number of shareholders on record date9589
No. of shareholders present in the meeting either in person or through proxy
a) Promoters and Promoter group16
b) Public41
No. of shareholders attended the meeting through video conferencing
a) Promoters and Promoter group0
b) Public0
No. of resolution passed in the meeting1
Disclosure of notes on voting results




Resolution(1)

Resolution required: (Ordinary / Special)Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?No
Description of resolution considered“RESOLVED THAT pursuant to Sections 230 and 232 of the Companies Act, 2013 (the ‘Act’) and Companies (Compromise, Arrangement and Amalgamation), Rule 2016 and the National Company Law Tribunal Rules 2016 (the ‘Rules’) and other applicable provisions, if any, of the Act and the Rules and subject to sanction by the Hon’ble National Company Law Tribunal Bengaluru Bench and other requisite concerns and approvals, if any, being obtained and subject to such terms and conditions and modification(s) as may be imposed, prescribed or suggested by the Hon’ble Tribunal or other appropriate authorities, the Scheme of Amalgamation of Star Metallics and Power Private Limited with The Sandur Manganese & Iron Ores Limited in terms of the draft laid before the meeting and initialled by the Chairman for the purpose of identification, with the suggested modification in the Appointed Date from 1 April 2018 to 1 April 2019, be and is hereby approved. RESOLVED FURTHER THAT the Board of Directors be and is hereby authorized to sign, seal and deliver all documents, agreements and deeds and perform all acts, matters and things and to take all such steps as may be necessary or desirable to give effect to this resolution.”
CategoryMode of votingNo. of shares held No. of votes polled % of Votes polled on outstanding shares No. of votes – in favourNo. of votes – against% of votes in favour on votes polled % of Votes against on votes polled
(1)(2)(3)=[(2)/(1)]*100 (4)(5)(6)=[(4)/(2)]*100(7)=[(5)/(2)]*100
Promoter and Promoter GroupE-Voting63393794534207.152445342001000
Poll588175992.7813588175901000
Postal Ballot (if applicable)000000
Total6339379633517999.9337633517901000
Public- InstitutionsE-Voting26518718277068.921218277001000
Poll000000
Postal Ballot (if applicable)000000
Total26518718277068.921218277001000
Public- Non InstitutionsE-Voting2145434296201.38062871091096.92783.0722
Poll100340.46771003401000
Postal Ballot (if applicable)20.0001020100
Total2145434396561.84843874491297.70022.2998
Total8750000655760574.9441655669391299.98610.0139
Whether resolution is Pass or Not.Yes
Disclosure of notes on resolutionTextual Information(1)

Text Block

Textual Information(1)

BSE observation letter dated 18 March 2019 states that the Company shall ensure that the Scheme shall be implemented only after seeking approval of majority of the public shareholders through postal ballot and e-voting.

In terms of SEBI Circular dated 10 March 2017, Scheme of Arrangement can be acted upon only if the votes cast by the public shareholders in favour of the proposal are more than the number of votes cast by the public shareholders against it.

Also, Section 230(6) of the Companies Act, 2013 requires the resolution for Scheme of Amalgamation to be passed with requisite majority of persons representing three-fourths in value.

All the conditions have been met for the resolution to be considered as passed.


Details of Invalid Votes

CategoryNo. of Votes
Promoter and Promoter Group
Public Insitutions
Public - Non Insitutions