NOTICE TO MEMBERS
Members of the Company are hereby informed that the Company has on February 26, 2015 completed the dispatch of the Postal Ballot Notice pursuant to Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 alongwith Postal Ballot Form and pre-paid self- addressed Business Reply Envelop to the members whose email IDs are not registered and sent e-mail to the Members whose e-mails are registered, seeking approval by postal ballot, including voting by electronic means on the resolutions as set out in the said Notice. Members whose names appeared on the Register of Members / list of Beneficial Owners as on February 20, 2015 have been considered for the purpose of voting. The said Notice is available on the Company's website www.idfc.com.
The Company has engaged the services of Karvy Computershare Private Limited ("Karvy") for providing e-voting facilities to the members. The procedure of e-voting and Electronic Voting Particulars (Including User ID and Password) are given in the "Instructions for Members for E-Voting" sent along with the Notice. Members who have already used the facility of e-voting through Karvy may use their existing Login ID and Password.
The Board of Directors of the Company has appointed Ms. Savita Jyoti, Practicing Company Secretary, as a Scrutinizer for conducting the Postal Ballot in a fair and transparent manner.
E-voting period will commence from Friday, February 27, 2015 at 09:30 a.m. and will end on Saturday, March 28, 2015 at 05:30 p.m. Whilst the e-voting module will be disabled at 05:30 p.m. on March 28, 2015, any Form received from the Member after that date will not be valid and will be strictly treated as if no reply from such Member(s) has been received. Once the vote on a resolution is cast by the Shareholder, he shall not be allowed to change it subsequently.
Members who have not received the Form and desirous of seeking a duplicate Form or having any grievance pertaining to the voting by postal ballot including voting by electronic means can contact the Company's Registrar & Share Transfer Agent- Karvy Computershare Private Limited, Unit: IDFC Limited, Plot No. 17 to 24, Vittalrao Nagar, Madhapur, Hyderabad - 500 081 or Corporate Office of the Company i.e. Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051, Contact person: Mr. Ketan Kulkarni, Sr. Vice President, Corporate Secretarial Email: firstname.lastname@example.org
The results of the postal ballot (including E voting) will be announced at the Corporate Office of the Company by 06:00 p.m. on Monday, March 30, 2015, as per the applicable rules. The result of the postal ballot will also be displayed at the Corporate Office and the Registered Office of the Company and will be posted on the Company's website: www.idfc.com, besides being communicated to the Stock Exchange(s) where the securities of the Company are listed.
Postal Ballot: The Postal Ballot Notice dated May 20, 2016 entails the following resolutions to be passed by shareholders:
|Type of Resolution||Particulars|
|Special Resolution||Re-pricing and re-granting of Employee Stock Options (ESOPs) granted under IDFC Employee Stock Option Scheme, 2007 and reduction of ESOP pool by 40% (from current 7% to 4.2% of the issued and paid up share capital of the Company from time to time)|
|Special Resolution||Approval of IDFC Employee Stock Option Scheme, 2016 and grant of stock options to the Eligible Employees/ Directors of the Company under the Scheme|
|Special Resolution||Approval of IDFC Employee Stock Option Scheme, 2016 and grant of stock options to the Eligible Employees/ Directors of the Company's subsidiaries (Present & future) under the Scheme|
|Postal Ballot Notice||Postal Ballot Result|