Saturday, January 5, 2008

IEC Softwares - Outcome Of Board Meeting

IEC Softwares Ltd has informed that the Board of Directors of the Company at its meeting held on January 04, 2008, has decided to issue Warrants convertible into Equity Shares on preferential basis to the persons belonging to promoters as well as Non Promoter category.

Further the Company has informed that, the Extraordinary General Meeting for obtaining theshareholders approval for the above mentioned preferential issue is scheduled to be held on January 30, 2008 and the Board of Directors has approved the notice of the said Extraordinary General Meeting to be dispatched to the Shareholders of the company.

In the said meeting the Board has also resolved to set up a subsidiary Company in Singapore & Dubai and to appoint Mr. H R Issarani, and Mr. J K Bhola as additional director of the Company.

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