Wednesday, January 23, 2008

MindTree Consulting - Outcome Of Board Meeting

MindTree Consulting Ltd has informed that the Board of Directors of the Company at its meeting held on January 22, 2008, inter alia, has transacted the following:

1. Postal ballot : The Board of Directors of the Company has decided to approach the shareholders of the Company for passing Special Resolution under Postal Ballot. The proposed Special Resolutions are to seek approval of shareholders to change the name of the Company from MindTree Consulting Ltd to MindTree Ltd and to borrow moneys over and above the aggregate of paid up share capital and free reserves. The Board has appointed Mr. K Srinivasan, Consulting Company Secretary as Scrutinizer for conducting the Postal Ballot. The Company will soon be dispatching the Postal Ballot papers to the shareholders.

2. Name of TES PV Electronic Solutions Pvt Ltd, 100% subsidiary Company, has been changed to MindTree Technologies Pvt Ltd.

3. Merger : The Board approved the proposed merger of MindTree Technologies Pvt Ltd, wholly owned subsidiary, with the Company and would be effective upon receipt of relevant statutory approvals.

No comments: