FCS Software Solutions Ltd has informed that the Board of Directors of the Company at its meeting held on January 04, 2008, has considered and taken on record the following items of business, subject to approval of members at the Extra-Ordinary General Meeting of the members of the Company which is scheduled to be held on January 30, 2008.
1. Alteration in Articles of Association for issue of Warrants.
2. To issue 25,00,000 share warrants on preferential basis to the following investors convertible at Rs 150/- per share (Rs 10/- face value + Rs 140/- premium) as per SEBI (DIP) Guidelines, 2000 aggregating upto Rs 37,50,00,000/-.
Name of Allottees:
a) Innova e-Services Pvt Ltd. - Non Promoter - 20,00,000 No. of Share Warrants to be allotted.
b) Maud Estates Pvt Ltd - Non Promoter - 4,00,000 No. of Share Warrants to be allotted.
c) Mr. Uday Punj - Non Promoter - 1,00,000 No. of Share Warrants to be allotted.
3. To enhance the borrowing limit upto Rs 500 Crores.
4. For raising of additional capital by way of issue of FCCB / ADR / GDR / QIP or through any other mode of securities to the extent of $ 25 Million.
1. Alteration in Articles of Association for issue of Warrants.
2. To issue 25,00,000 share warrants on preferential basis to the following investors convertible at Rs 150/- per share (Rs 10/- face value + Rs 140/- premium) as per SEBI (DIP) Guidelines, 2000 aggregating upto Rs 37,50,00,000/-.
Name of Allottees:
a) Innova e-Services Pvt Ltd. - Non Promoter - 20,00,000 No. of Share Warrants to be allotted.
b) Maud Estates Pvt Ltd - Non Promoter - 4,00,000 No. of Share Warrants to be allotted.
c) Mr. Uday Punj - Non Promoter - 1,00,000 No. of Share Warrants to be allotted.
3. To enhance the borrowing limit upto Rs 500 Crores.
4. For raising of additional capital by way of issue of FCCB / ADR / GDR / QIP or through any other mode of securities to the extent of $ 25 Million.
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