Tata Consultancy Services Ltd (TCS) has informed that the members of the Company will consider to approve, by way of Postal Ballot, the following Ordinary Resolution :
1. To increase the existing Authorised Share Capital of Rs 120,00,00,000/- (Rupees One Hundred Twenty Crores only) divided into 120,00,00,000 (One Hundred and Twenty Crores) equity shares of Re 1/- (Rupee One only), each to Rs 220,00,00,000/- (Rupees Two Hundred and Twenty Crores only) divided into 120,00,00,000 (One Hundred and Twenty Crores) Equity Shares of Re 1/ -(Rupee One only) each and 100,00,00,000 (One Hundred Crores) Redeemable Preference Shares of Re 1/- (Rupee One only) each by the creation of 100,00,00,000 (One Hundred Crores) Redeemable Preference Shares of Re 1/- (Rupee One only) each and consequential amendment in the Clause V of the Memorandum of Association and Articles of Association of the Company.
2. To alter the Articles of Association of the Company in the following manner :
(a) Amendment in Article 3 consequent to increase in authorised share capital of the Company.
(b) Inset the Article 5A. Rights attached to Redeemable Preference Shares after the existing Article 5.
3. To create, offer, issue and allot up to 100,00,00,000 (One Hundred Crores) Redeemable Preference Shares of the face value of Re 1/- (Rupee One only) each, at par and for cash, to the promoters of the Company, Tata Sons Ltd, in one or more tranches on a private placement basis and on such terms and conditions including the number of Redeemable Preference Shares to be issued, as may be determined by the Board and that the Board may finalize all matters incidental thereto as it may in its absolute discretion think fit, subject to necessary provision and approvals.
The Company has appointed Ms. Shirin Bharucha, Legal Advisor, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
1. To increase the existing Authorised Share Capital of Rs 120,00,00,000/- (Rupees One Hundred Twenty Crores only) divided into 120,00,00,000 (One Hundred and Twenty Crores) equity shares of Re 1/- (Rupee One only), each to Rs 220,00,00,000/- (Rupees Two Hundred and Twenty Crores only) divided into 120,00,00,000 (One Hundred and Twenty Crores) Equity Shares of Re 1/ -(Rupee One only) each and 100,00,00,000 (One Hundred Crores) Redeemable Preference Shares of Re 1/- (Rupee One only) each by the creation of 100,00,00,000 (One Hundred Crores) Redeemable Preference Shares of Re 1/- (Rupee One only) each and consequential amendment in the Clause V of the Memorandum of Association and Articles of Association of the Company.
2. To alter the Articles of Association of the Company in the following manner :
(a) Amendment in Article 3 consequent to increase in authorised share capital of the Company.
(b) Inset the Article 5A. Rights attached to Redeemable Preference Shares after the existing Article 5.
3. To create, offer, issue and allot up to 100,00,00,000 (One Hundred Crores) Redeemable Preference Shares of the face value of Re 1/- (Rupee One only) each, at par and for cash, to the promoters of the Company, Tata Sons Ltd, in one or more tranches on a private placement basis and on such terms and conditions including the number of Redeemable Preference Shares to be issued, as may be determined by the Board and that the Board may finalize all matters incidental thereto as it may in its absolute discretion think fit, subject to necessary provision and approvals.
The Company has appointed Ms. Shirin Bharucha, Legal Advisor, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
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