Svarnim Trade Udyog has informed that Trading Members of the Exchange are hereby requested to note that as per the provisions of Section 114 (2) of the Companies Act, 2013 at least 75 percent of the members voting in favor of the resolution, on account of the requisite majority of the shareholders voting not done, Hence the company has withdraw the Postal ballot for Consolidation of equity shares. Hence record date for Consolidation of equity shares and all the corporate actions pertaining to Consolidation of equity shares stands cancelled. Further the same will be considering the ensuing General Meeting.
The above information is a part of company’s filings submitted to BSE.
