Wednesday, May 14, 2008

Board Meeting Of Triton Corp Ltd

Triton Corp Ltd has informed that the Board of Directors of the company at its meeting held on May 09, 2008, has considered the removal of names of Ms। Ranu Gulati, Ms. Amita Gupta, Ms. Ila Pandey and M/s. Sai Info Plc. from promoter category. These shareholders became the shareholders of the Company, by virtue of merger of M/s. Sai Info Ltd, Saffron Global (P) Ltd. (unlisted Company) & Webrizon India Ltd. (an unlisted Company) with Triton Corp Ltd, w.e.f. September 06, 2006. The first three individual shareholders became promoter since they were the shareholders of M/s. Saffron Global (P) Ltd, one of the transferor Company. Again the last entity i.e. M/s. Sai Info Plc. (a UK based Company) became promoter since it was a shareholder of M/s. Sai Info Ltd. (another transferor Company in the merger). M/s. Sai Info Plc. is under liquidation as per the UK laws & an Official Liquidator has been appointed therein. All the above said four shareholders have nothing to do with control / management & affairs of the Company, and are not even related to any of the Promoters, Directors, their friends and relatives, etc of the Company Likewise the Company and its management have no control over the affairs of said four shareholders.

In view of the above the board approved the followings:

1। The name of Ms. Renu Gulati, who holds 10,28,800 nos. of equity shares (i.e. 0.51% of paid up share capital of the Company), shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities etc, or with the shareholders, the name of Ms. Renu Gulati shall not be included in the Promoter / Promoter Group of the Company.

2। The name of Ms. Amita Gupta, who holds 21,54,738 nos. of equity shares (i.e. 1.08% of paid up share capital of the Company), shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities etc., or with the shareholders, the name of Ms. Amita Gupta shall not be included in the Promoter / Promoter Group of the Company.

3। The name of Ms. Ila Pandey, who holds 8,39,308 nos. of equity shares (i.e. 0.42% of paid up share capital of the Company), shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities etc, or with the shareholders, the name of Ms. Ila Pandey shall not be included in the Promoter / Promoter Group of the Company.

4. The name of M/s. Sai Info P1c., holds 34,40,000 nos. of equity shares (i.e. 1.72% of paid up share capital of the Company), shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities etc., or with the shareholders, the name of M/s. Sai Info Plc. shall not be included in the Promoter / Promoter Group of the Company.

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