Tyche Peripheral Systems Ltd has informed that the Board of Directors of the Company at its meeting held on May 07, 2008, inter alia, has considered and approved the following:
1. Issue of 30,00,000 Warrants on preferential basis convertible into Equity Shares to:
a. Elara Capital plc - 2,50,000 Warrants
b. Roopam Commercial Pvt Ltd - 12,00,000 Warrants
c. Krish Conclave Pvt Ltd - 5,50,000 Warrants
d. Khusboo Trade Link (P) Ltd - 10,00,000 Warrants
2. Change of name of the company to Tyche Peripheral Systems Ltd to Enso Secutrack Ltd.
3. Expanding business verticals gradually as follows:
a. Peripheral Division (Existing Business of the Company)
b. IT & IT enabled services
c. Surveillance & Tracking
d. Smart Home Solutions
e. CMS/VMS
f. Fire Detection
4. Acceptance of resignation of the following directors:
a. Vinod Kapur
b. M Balramkrishnaiah
c. Ch. Vijay Kumar
5. Induction of Mr. Amit Majumdar as Additional Director on Board and appointing him as Managing Director of the Company in place of Mr. Pradeep Chauhan.
6. Mr. Pradeep Chauhan shall continue to head the Peripheral Division and is
designated as COO - Peripheral Division.
7. Corporate office of the company shall be at 153, Maker Chambers III, Nariman Point, Mumbai - 400021.
8. An Extra Ordinary General Meeting is to be convened on June 17, 2008 for transacting the relevant matters mentioned above.
1. Issue of 30,00,000 Warrants on preferential basis convertible into Equity Shares to:
a. Elara Capital plc - 2,50,000 Warrants
b. Roopam Commercial Pvt Ltd - 12,00,000 Warrants
c. Krish Conclave Pvt Ltd - 5,50,000 Warrants
d. Khusboo Trade Link (P) Ltd - 10,00,000 Warrants
2. Change of name of the company to Tyche Peripheral Systems Ltd to Enso Secutrack Ltd.
3. Expanding business verticals gradually as follows:
a. Peripheral Division (Existing Business of the Company)
b. IT & IT enabled services
c. Surveillance & Tracking
d. Smart Home Solutions
e. CMS/VMS
f. Fire Detection
4. Acceptance of resignation of the following directors:
a. Vinod Kapur
b. M Balramkrishnaiah
c. Ch. Vijay Kumar
5. Induction of Mr. Amit Majumdar as Additional Director on Board and appointing him as Managing Director of the Company in place of Mr. Pradeep Chauhan.
6. Mr. Pradeep Chauhan shall continue to head the Peripheral Division and is
designated as COO - Peripheral Division.
7. Corporate office of the company shall be at 153, Maker Chambers III, Nariman Point, Mumbai - 400021.
8. An Extra Ordinary General Meeting is to be convened on June 17, 2008 for transacting the relevant matters mentioned above.
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