Saarc Net - Outcome Of Board Meeting

Saarc Net Ltd has informed that the Board of Directors of the Company at its meeting held on February 12, 2007, inter alia, has decided the following:1. The Board of Directors decided to shift the Registered Office of the Company from Hyderabad in the State of Andhra Pradesh to the NCT of Delhi.2. The Board of Directors has decided to make amendment in the Objects Clause of the Memorandum of Association of the Company by insertion of new sub-clauses in the Other Objects Clause and to get the approval of members to commence the new objects in terms of Section 149(2A) of the Companies Act, 1956. The aforesaid decisions are subject to the approval of members of the Company to be obtained through Postal Ballot process. Shifting of Registered Office of the Company from Hyderabad in the State of Andhra Pradesh to the NCT of Delhi will be subject to further confirmation by the Honble Company Law Board, Southern Region Bench, Chennai.3. The Board has decided to designate the following office in New Delhi as the Corporate Office of the Company: 504, Adeshwar Building, 34, Feroz Shah Road, New Delhi.4. The Board has also decided to keep all the books of accounts of the Company at the Corporate Office of the Company in New Delhi.