Videocon Industries - Outcome Of Board Meeting

Videocon Industries Ltd has informed that the Board of Directors of the Company at its meeting held on June 23, 2007, inter alia, has approved the following:1. To shift the Registered Office of the Company from Auto Cars Compound, Adalat Road, Aurangabad to 14 K M Stone, Aurangabad Paithan Road, Village Chittegaon, Tal. Paithan, Aurangabad, subject to approval of the shareholders of the Company. 2. To alter the Main Objects clause of Memorandum of Association of the Company by inserting additional clause(s) relating to:a. carrying on business of generation and supply of Power; andb. carrying on business of minerals and fuels and source of minerals and fuel, including mining block or mining rights for mining of minerals, including coal or other substance.The Board has also approved the draft of notice seeking approval of the members through Voting by Postal Ballot in terms of the provisions of Section 192A of the Companies Act, 1956 read with The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001.Further, in terms of the provisions of Rule 5(b) of The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, Mr. Sheetal Kumar Dak, Practicing Company Secretary has been appointed as Scrutinizer for conducting the Postal Ballot. The Result of the Postal Ballot will be declared by the Board of Directors or the Company Secretary of the Company on August 11, 2007.