IEC Softwares - Outcome Of Board Meeting - Sep 11, 2008

IEC Softwares Ltd has informed that the Board of Directors of the Company at its meeting held on September 11, 2008, inter alia, has decided to convert 30,00,000 warrants issued on preferential basis in to 30,00,000 equity share to the following persons:

1. Name of the Allottee: R L Gupta (Promoter)
No. of Warrants converted / Equity Shares Allotted: 7,00,000

2. Name of the Allottee: Sharda Gupta (Promoter)
No. of Warrants converted / Equity Shares Allotted: 7,00,000

3. Name of the Allottee: Balkishan Saraf (Non-Promoter)
No. of Warrants converted / Equity Shares Allotted: 3,70,000

4. Name of the Allottee: Sakshi Sharma (Non-Promoter)
No. of Warrants converted / Equity Shares Allotted: 1,65,000

5. Name of the Allottee: Ashok Sharma (Non-Promoter)
No. of Warrants converted / Equity Shares Allotted: 1,45,000

6. Name of the Allottee: Rajinder Bhushan (Non-Promoter)
No. of Warrants converted / Equity Shares Allotted: 4,50,000

7. Name of the Allottee: Vikram Badhwar (Non-Promoter)
No. of Warrants converted / Equity Shares Allotted: 4,70,000