Himachal Futuristic Communications Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 25, 2008, inter alia, have accorded the following:
1. Change the name of the Company from Himachal Futuristic Communications Ltd to
Dynamic Infotel Ltd and that wherever the name Himachal Futuristic Communications Ltd appears in Memorandum of Association and Articles of Association be substituted by the new name Dynamic Infotel Ltd.
2. As the Companys net worth has eroded more than fifty percent of its peak networth during the immediately preceding four financial years in terms of provisions of Section 23 of The Sick industrial Companies (Special Provisions) Act, 1985 as per Audited Accounts approved by the Shareholders at their Annual General Meeting held on December 27, 2007, the Report of the Directors on erosion of the net worth of the Company sent to the shareholders, be and is hereby considered and adopted.
1. Change the name of the Company from Himachal Futuristic Communications Ltd to
Dynamic Infotel Ltd and that wherever the name Himachal Futuristic Communications Ltd appears in Memorandum of Association and Articles of Association be substituted by the new name Dynamic Infotel Ltd.
2. As the Companys net worth has eroded more than fifty percent of its peak networth during the immediately preceding four financial years in terms of provisions of Section 23 of The Sick industrial Companies (Special Provisions) Act, 1985 as per Audited Accounts approved by the Shareholders at their Annual General Meeting held on December 27, 2007, the Report of the Directors on erosion of the net worth of the Company sent to the shareholders, be and is hereby considered and adopted.
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