Sterlite Industries (India) Limited Update On The Court Convened Meeting Of The Equity Shareholders
We wish to inform you that, pursuant to order dated 26 thApril, 2012 passed by Hon’ble High court of Judicature at Madras, meeting of equity shareholders of the Company was held on Thursday, 21 stJune, 2012 at 10 a.m. at Tamira Club, Tamira Niketan, SIPCOT, Industrial Complex, Madurai- Bypass Road, T. V. Puram P. O. Tuticorin – 628002.
Of the members present and validly voting 89.75% in numbers representing 92% of votes in value voted in favour of the resolution approving the Scheme. Details of the voting are enclosed in Annexure 1.
Accordingly, the Scheme has been approved by Company’s equity shareholders with requisite majority, being more than 50% in number and 75% in value of the members present and voting at the meeting.
The scheme is now subject to the approval of the Hon’ble High Court of Judicature at Madras.Annexure 1 Summary of the voting at the meeting for approving the Scheme of Amalgamation and Arrangement under Sections 391 to 394 read with Sections 78, 100 to 103 of the Companies Act, 1956 amongst Sterlite Industries (India) Limited, The Madras Aluminium Company Limited, Sterlite Energy Limited, Vedanta Aluminium Limited and Sesa Goa Limited and their respective Shareholders and Creditors
|Total number of members voted||703||81.65%||158||18.35%||861|
|Total value of votes||217,88,60,564||89.38%||25,87,52,657||10.62%||243,76,13,221|
|Valid number of members voted||657||89.75%||75||10.25%||732|
|Valid value of votes||212,73,60,907||92.00%||18,50,73,400||8.00%||231,24,34,307|
|Invalid number of members voted||46||83||129|
|Invalid value of votes||5,14,99,657||7,36,79,257||12,51,78,914|
|Ashwin Bajaj Senior Vice President – Investor Relations Sterlite Industries (India) Limitedemail@example.com Tel: +91 22 6646 1531|
|Sheetal Khanduja AGM – Investor Relations Sterlite Industries (India) Limitedfirstname.lastname@example.org Tel: +91 22 6646 1531|
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