Zigma Software Ltd has informed that the Board of Directors of the Company at its meeting held on August 25, 2007, inter alia, has considered & approved the following:
1. The proposal for the consolidation of share capital of the Company from Re 1/- to Rs 10/- per hare in terms of Section 94 of the Companies Act, 1956 subject to the approval of members of the Company in a general meeting.
2. Withdrawal of 48 crores numbers of share warrants convertible into equity share on the preferential basis.
3. To convene Annual General Meeting (AGM) of the members of the Company on September 29, 2007, to approve Annual Accounts as at March 31, 2007 and other items as contained in the Notice of the meeting convening this AGM.
Source : www.indian-commodity.com
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