Simplex Projects Limited has informed the Exchange vide its letter dated June 13, 2009, that: "The Board of Directors of the Company vide its Meeting held on date have decided to take the approval of shareholders of the Company through Postal Ballot in terms of Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolutions By Postal Ballot) Rules, 2001:To issue and allot up to 600,000 (Six Lacs) equity shares on preferential basis to M/S. Saffron Finpro Distributors Private Limited, Non-promoter at a price to be determined in accordance with Chapter XIII of SEBI (Disclosure & Investor Protection) Guidelines, 2000 as amended from time to time and the relevant date for this purpose is to be June 17, 2009.(1) Approval under Section 293(1)(d) and (1)(a) authorizing the Board of Directors to borrow up to Rs. 2000 crores and the necessary authorities as associated with it. (2) The Board of Directors has appointed Mr. Atul Kumar Labh, Practicing Company Secretary as Scrutinizer for the Postal Ballot exercise. (3) Duly completed Postal Ballot Form should reach the Scrutinizer not later than the close of the working hours of 16th July, 2009. The results will be announced by the Chairman or in absence any person authorised by him in this behalf on July 17, 2009".