Infotrek Syscom Ltd has informed that the Board of Directors of the Company at its meeting held on March 17, 2008, has considered and decided the following matters:
1. In Principal approval received from the stock exchange for the issue & allotment of 30,00,000 warrants each convertible into one equity share of Rs 10 each at a premium of Rs 50 per share was tabled before the board & same was taken on record. It is not out of place to mention that the aforesaid 30,00,000 warrants issued to under mentioned was approved by the General Body in its meeting held on August 14, 2007.
i) First Online Comtrades Pvt Ltd (Promoter Group)
- No of Warrants of Rs 60/- each : 10,00,000
ii) Knights Bridge Financial Services Pvt Ltd
- No of Warrants of Rs 60/- each : 10,00,000
iii) Mahakosh Holdings Pvt Ltd
- No of Warrants of Rs 60/- each : 5,00,000
iv) Alomarya Technical LLC
- No of Warrants of Rs 60/- each : 5,00,000
2. It has been decided by the board to form a committee of 2 members namely Mr. B K Soni (Managing Director) and Ms. Aruna Soni (Director) to comply with the procedural requirement for the allotment of Warrants, convertible Warrants, Equity shares & other instruments. The above committee can exercise its rights between the dates of two consecutive board meeting and report the action taken in the next board meeting to the members of the Board for their ratification.
3. The Managing Director informed the board about the progress made by the Companys subsidiary Eco Recycling Ltd (Ecoreco) as under:
(a) Ecoreco received consent to establish from the Maharashtra Pollution Control Board (MPCB) and same was tabled before the Board.
(b) Ecoreco imported mobile shredder and the same has been tested and working efficiently.
(c) Ecoreco purchased vehicles and have been put in to use for transport of electronic waste for recycling.
1. In Principal approval received from the stock exchange for the issue & allotment of 30,00,000 warrants each convertible into one equity share of Rs 10 each at a premium of Rs 50 per share was tabled before the board & same was taken on record. It is not out of place to mention that the aforesaid 30,00,000 warrants issued to under mentioned was approved by the General Body in its meeting held on August 14, 2007.
i) First Online Comtrades Pvt Ltd (Promoter Group)
- No of Warrants of Rs 60/- each : 10,00,000
ii) Knights Bridge Financial Services Pvt Ltd
- No of Warrants of Rs 60/- each : 10,00,000
iii) Mahakosh Holdings Pvt Ltd
- No of Warrants of Rs 60/- each : 5,00,000
iv) Alomarya Technical LLC
- No of Warrants of Rs 60/- each : 5,00,000
2. It has been decided by the board to form a committee of 2 members namely Mr. B K Soni (Managing Director) and Ms. Aruna Soni (Director) to comply with the procedural requirement for the allotment of Warrants, convertible Warrants, Equity shares & other instruments. The above committee can exercise its rights between the dates of two consecutive board meeting and report the action taken in the next board meeting to the members of the Board for their ratification.
3. The Managing Director informed the board about the progress made by the Companys subsidiary Eco Recycling Ltd (Ecoreco) as under:
(a) Ecoreco received consent to establish from the Maharashtra Pollution Control Board (MPCB) and same was tabled before the Board.
(b) Ecoreco imported mobile shredder and the same has been tested and working efficiently.
(c) Ecoreco purchased vehicles and have been put in to use for transport of electronic waste for recycling.
No comments:
Post a Comment