Indosin, a shareholder of GHCL, has filed a petition in the Company Law Board today, seeking adjournment of the annual general meeting scheduled on September 12, on fears of destabilization of the existing management.
Indosin, which holds 84,176 equity shares of GHCL, has urged the board to issue direction to maintain status quo with regard to the present member of board of directors.
It may be recalled that some of the shareholders had issued notice under section 257 of the Companies Act questioning the reappointment of Sanjay Dalmia and Neelabh Dalmia as directors on the board of the company.
The petitioner, who had challenged the reappointment of Dalmias, has also sought investigations against all the shareholders – Bullpower Vyapar, Unisys Software and Holding Industries and Jitendra Banthia.
Indosin, in its petition, has alleged that acquisition of GHCL shares by these companies were concerted and also acting in concert with other unknown persons towards a common goal of de-stabilizing the present management of the company.
It has also urged the board to direct that no resolution be passed in the forthcoming AGM or any board meeting to effect any change in the board of directors. The allegiance of the petitioner is not known. Persons close to Sanjay Dalmia, said that the said petition was not on behalf of the company.
