27th-Apr-2010 08:39Source: BSE

Oriqua - Result of Postal Ballot

Oriqua Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed the resolution authorising the Board of Directors of the Company ("The Board", which expression shall also include any committee thereof as constituted by the Board and acting jointly or severally as may be authorised) to sell / lease / transfer and / or dispose off the whole or substantially the whole or part of the company''s assets / undertakings on the terms and conditions and to the parties as may be decided by the Board as deemed fit, proper and beneficial in the interest of the Company and also to do all such acts, deeds, matter and things as may be deemed necessary and/or expedient in its discretion for completion of the transaction as aforesaid in the best interest of the Company, with more than two third majority. In this regard, the Company has submitted to BSE the Scrutinizer Report.