Subex Azure Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 26, 2007, inter alia, have unanimously discussed and approved the following:
1. Change of the name of the Company from SUBEX AZURE Ltd to SUBEX LTD, subject to the approval of the Central Government.
2. Voluntary delisting of the Equity Shares of the Company from the Bangalore Stock Exchange Ltd (BgSE).
3. Increase the borrowing powers of the Board of Directors from the present limit of Rs 1000 Crores (Rupees One Thousand Crores only) up to a maximum limit of Rs 1200 Crores (Rupees One Thousand Two Hundred Crores only).
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