Adjournment of Meeting

A meeting is adjourned until a later date if none of the business items in the agenda can be
discussed for want of quorum22 or other exigencies. If the quorum is not present within half an
hour of the appointed time for the meeting, the meeting will automatically be adjourned. The
quorum should be present throughout the meeting. Proxies are to be excluded for determining
the quorum. The meeting may also be adjourned because of such exigencies as power outages,
natural calamities, and external disruptions.
The power of adjournment vests in the majority of those present at the meeting. The chairperson
cannot arbitrarily adjourn the meeting.
In case of an adjourned meeting, the company shall inform its shareholders about reconvening
the adjourned meeting at least three days in advance, either individually or by publishing an
advertisement in the newspapers (one in English and one in the vernacular language) that are
in circulation at the place where the registered office of the company is located.
In the adjourned meeting, if the quorum is not present within half an hour from the time
appointed for the meeting, the shareholders present will constitute the quorum