Monday, March 24, 2008

Infotrek Syscom - Outcome of Board Meeting

Infotrek Syscom Ltd has informed that the Board of Directors of the Company at its
meeting held on March 21, 2008, has considered and decided for the issue of 25,00,000 warrants each convertible into one equity share of Rs 10 each at a premium of Rs 80 per share was tabled before the board & same was taken on record. The above issue was approved by the General Body meeting held on January 12, 2008 to the following allottees:
i) Bennett, Coleman & Co. Ltd
- No of Warrants of Rs 90/- each : 6,00,000
ii) First Online Comtrades Pvt Ltd (Promoter Group)
- No of Warrants of Rs 90/- each : 19,00,000
The Board asked Mr. Samrat Shree Maheshwari, Compliance Office of the Company to Comply with the necessary requirement of the allotment procedure as laid down under SEBI DIP Guidelines and report to the Board in their next Board Meeting.

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