COMP/135/2011 3/49 ORDER representatives), 124 shareholders representing Rs.1708,00,37,700/- as the aggregate value of their shares, had cast their votes and 8 shareholders representing Rs.86,930/- as the value of their shares, abstained from voting. Out of 124 votes, 6 votes collectively representing Rs.7,530/- were declared invalid. The reasons for treating them invalid were: three of them had not marked their vote in favour or against the proposed scheme. In case of two shareholders, the signatures did not tally with the records of the company and in case of one ballot, the person was not a shareholder as per the records of the company. The votes cast by 118 shareholders representing the aggregate value of Rs.1708,00,30,170/- were found to be valid votes. Five ballots being in duplicate were cancelled and not taken into account. (ii) Out of the said 118 valid votes cast, 113 (One Hundred and Thirteen) shareholders holding representing value of shares at Rs.1708,00,22,440/- voted in favour of the proposed scheme, whereas o5 shareholders having the collective value of shares at Rs.7,730/- voted against the proposed scheme. Hence, the said meeting, by requisite statutory majority, was of the opinion that the Scheme of amalgamation should be approved and agreed to. (v) Thus, the resolution approving the proposed scheme was carried by requisite majority i.e. by 95.76% in number and 99.99% in value by the Equity Shareholders of the Company, present and voting a the said meeting. “ 2.2. The Chairman of the meeting has also placed on record copy of the scrutinizer’s report which, inter alia, reads thus: “Poll was taken at the Meeting Place at Ahmedabad Textile Mills Association (ATMA) Hall, Ashram Road, Navrangpura, Ahmedabad-380 009 in the State of Gujarat `at 11.00 a.m. and concluded at 12 noon. We have scrutinized the votes and have to report as under. Particulars Total % Value % Number (in Rs.) 1. Number of Equity Shareholders 132 - 17080124630 - present at meeting (either in person or through proxy) 2. Ballot Paper issued (including 5 duplicate issued against 5 cancelled) 137 -17080124630 - 3. Ballot Paper received 124 -17080124630 - 4. Members Abstained from Voting, if any 8 - 86930 - 5. Invalid Votes, if any 6 - 7530 - 6. Valid Votes Cast 118 100.00 17080030170 100 (a) Votes cast in favour of Resolution 113 95.76 17080022440 99.99 Downloaded on : Fri Jan 27 19:33:28 IST 2023