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Urbaknitt Fabs informs about notice of postal ballot

01 Jan 2020 Evaluate

In reference to letter dated December 2, 2019, Urbaknitt Fabs has informed that it has enclosed the notice of Postal Ballot seeking approval of Members of the Company for approval to change the name of the company from Urhaknitt Fabs to CDG Petchem; approval to alter the main objects of the Company; approval to Borrow any sum of money from Banks and Financial Institutions not exceeding Rs 100.00 crores subjected to approval of members of the company; and approval to create charge on the assets of the company in favour of Banks and Financial Institutions against loan/ credit facility subjected to approval of members of the company. In accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed that all the Special Resolution stated in 1 to 4 above has been approved by the Members of the Company with requisite majority. The approval is considered to have been received on the last date for receipt of duly completed Postal Ballot Forms and e-voting, Monday, December 30, 2019. The summarized voting result of the Postal Ballot process (through e-voting and Postal Ballot), in the prescribed format, along with a copy of the Scrutinizer's Report are enclosed.

The above information is a part of company’s filings submitted to BSE.

CDG Petchem Share Price

212.95 4.15 (1.99%)
04-Jun-2026 16:59 View Price Chart
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