Date:15/09/2007 URL: http://www.thehindubusinessline.com/2007/09/15/stories/2007091551100200.htm

Hind Unilever gets nod for buyback

Our Bureau

Mumbai, Sept. 14 Shareholders of Hindustan Unilever Ltd (HUL) have approved the special resolution relating to the buy-back of equity shares by the company by a majority of 99.77 per cent votes.

The polling was done through postal ballot. The results were announced to the shareholders on Friday.

HUL had sent a Postal Ballot Notice on July 29, pursuant to Section 192A of the Companies Act, 1956 to all the shareholders for seeking their approval to the special resolution under Section 77A of the Companies Act, 1956, for the buy-back of the equity shares by the company.

The board had also appointed Mr S.R. Tata, a partner of A.F. Ferguson & Co, Chartered Accountants, Mumbai as scrutinizer for conducting the postal ballot. Mr S.R. Tata has submitted his report to the Chairman on Friday. Accordingly, the results were announced to the shareholders on the same day.