Date:31/12/2004 URL: http://www.thehindubusinessline.com/2004/12/31/stories/2004123101850203.htm

Back HLL to transfer Sewri factory

Our Bureau

MUMBAI: The shareholders of Hindustan Lever Ltd have approved the resolutions to transfer its Sewri undertaking in Mumbai to one of its subsidiaries and functionalised biopolymers business and manufacturing facilities in Pondicherry to a third party.

The resolutions were approved by an overwhelming majority of over 90 per cent votes, HLL said in a news release.

The transfer of Sewri factory received 125,72,75,595 votes in favour and 7,85,79,774 votes against. The transfer of functionalised biopolymers received 125,54,81,796 votes in favour and 7,83,39,747 against. The polling was done through postal ballot.

The board has appointed Mr S.R. Tata, a partner of A.F Ferguson & Co, Chartered Accountants, as scrutiniser for conducting the postal ballot.