Quintegra Solutions - Outcome Of EGM

Quintegra Solutions Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 21, 2007, inter alia, have accorded the following:

1. Authority to the Board of Directors of the Company to invest upto Rs 6 Crores in the shares of Quintegra Ireland Ltd. a subsidiary in Ireland, by subscription or otherwise, notwithstanding that the aggregate of the loans and investments made or to be made and the guarantee given or to be given and the security provided or to be provided to all Bodies Corporate is in excess of the limit laid down, as they may, in their absolute discretion, deem beneficial and necessary in the interest of the Company, subject to necessary provisions & approvals.

2. Authority to the Board of Directors of the Company to invest upto Rs 2.50 Crores in the shares of Quintegra Borman IT Solutions LLC, a subsidiary in Saudi Arabia, by subscription or otherwise, notwithstanding that the aggregate of the loans and investments made or to be made and the guarantee given or to be given and the security provided or to be provided, to all Bodies Corporate is in excess of the limit laid down, as they may, in their absolute discretion, deem beneficial and necessary in the interest of the Company, subject to necessary provisions & approvals.

3. Authority to the Board of Directors of the Company to invest upto Rs 225 Crores to acquire the equity shares of PA Corporation (PAC), Maryland, Virginia, USA by subscription or otherwise, notwithstanding that the aggregate of the loans and investments made or to be made and the guarantee given or to be given and the security provided or to be provided, to all Bodies Corporate is in excess of the limit laid down, as they may, in their absolute discretion, deem beneficial and necessary in the interest of the Company, subject to necessary provisions & approvals.