Kolkata, July 27 - The annual general meeting (AGM) of Birla Corp held here Monday was adjourned to Aug 24, a company release stated.

'The annual general meeting of Birla Corporation Limited, held today, the 27th July 2009, in Kolkata, was adjourned without considering any of the items on the agenda, to be reconvened on 24th August 2009. The adjournment motion was passed by the shareholders present by majority,' the statement said.

'Rameshwara Jute Mills Ltd., managed by the B.K. Birla Group, having only 280 shares (0.0003 percent) in the company, had filed an application before the CLB, demanding, inter alia, freeze on the voting rights of the promoter group's shareholding in Birla Corporation Ltd,' the release added.

Earlier in the day, the meeting saw high drama over who would chair the event in the backdrop of multiple legal petitions including one in the Supreme Court.

Finally, the shareholders passed a resolution proposing director Pracheta Majumdar to chair the AGM.

But when Majumdar adjourned the AGM till Aug 24, the shareholders sought a vote on the matter.

Vikram Swarup, a director, told shareholders that the Company Law Board (CLB) had said July 22 that certain steps had to be taken while conducting the AGM.

An appeal was made to the Calcutta High Court and a special leave petition (SLP) was filed with the Supreme Court.