Thursday, January 31, 2008

Financial Eyes - Outcome Of Board Meeting

Financial Eyes India Ltd has informed that the Board of Directors of the Company at its meeting held on January 30, 2008, inter alia, has discussed the following:

1. The Board considered and decided establishment of Branch office / Wholly Owned Subsidiary in Jordan and Singapore.

2. The Board decided to shift registered office of the Company from H-41, 2nd Floor, Masjid Moth, Greater Kailash II, New Delhi - 110048 to F-58, Okhla Industrial Area, Ph- II, New Delhi 110020 w.e.f. March 01, 2008.

3. The Board decided to appoint Mrs. Abhilasha Agarwal as Whole Time Director for a period of 5 years w.e.f. February 01, 2008, on remuneration, terms and conditions.

4. The Board decided to amend the Main object Clause of the Memorandum of the Company in order to insert a new Business Line relating to Power, Energy Industry through Postal Ballot and Mr. Mukund Sharan, Director and Ms. Hitesh, Compliance Officer of the Company are authorized to do all acts, deeds, and things required for the same.

5. The Board decided to increase the Authorized Capital up to Rs 10 Crores and amend Capital Clause in the Memorandum and Article for the same, through Postal Ballot and Mr. Mukund Sharan, Director and Ms. Hitesh, Compliance Officer of the Company are authorized to do all acts, deeds, and things required for the same.

6. The Board decided to raise funds Via FCD, OCPS, ADR, GDR, Allotment to QIP, subject to the approvals required under various Laws, Acts and Regulations.

7. The Board has decided to allow the FIIs to invest Maximum up to 24% Of the paid-up Capital subject to the approval of Shareholders.

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