Friday, January 18, 2008

Spanco Telesystems - Outcome Of Board Meeting

Spanco Telesystems & Solutions Ltd has informed that the Board of Directors of the Company at its meeting held on January 17, 2008, has resolved the following:

1. To transfer the Companys Respondez division and Domestic call center operations (DCC division) to its indirect Wholly Owned Subsidiaries (WOS) i.e. Spanco Respondez Services (International) Pvt Ltd and Spanco BPO Services Ltd respectively, subject to consent of the shareholders of the Company by passing of an ordinary resolution under section 293(1)(a) of the Companies Act, 1956 through Postal Ballot process and any other statutory or regulatory approval as may be necessary for effecting the transfer of divisions.

The Board has decided to seek the approval of the members through postal ballot on the above said matter.

The Board has appointed Mr. Manish L Ghia, Practising Company Secretary, Mumbai as Scrutinizer for conducting Postal Ballot process in a fair & transparent manner.

No comments: