Infotrek Syscom Ltd has informed that the Board of Directors of the Company at its meeting held on July 19, 2007, has decide the following:
1. The Annual General Meeting of the members of the Company will be held on August 14, 2007.
2. The Board proposes to raise funds for implementing Waste Electrical & Electronic Equipment (WEEE) by way of fresh issue of convertible warrants to the tune of 3 million warrants in to equal numbers of equity shares at a price to determine as per SEBI guideline and subject to General body to the entities mentioned below:
(i) First Online Comtrades Pvt Ltd (Promoter Group) : 10,00,000 No of Warrants
(ii) Knights Bridge Financial Services Pvt Ltd : 10,00,000 No of Warrants
(iii) Mahakosh Holding Pvt Ltd : 5,00,000 No of Warrants
(iv) Alomarya Technical LLC : 5,00,000 No of Warrants
3. The Board has given green signal to an investment in refurbishing and recycling electrical & electronic equipments (WEEE) segment.
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