MindTree Ltd has informed that the Company had convened a Meeting of Shareholders on December 22, 2008, as per the directions of Honble High Court of Karnataka, to consider and approve the merger of Aztecsoft Ltd with the Company. Also the Company had Convened an Extra Ordinary General Meting (EGM) of the shareholders on December 22, 2008 to consider & approve ESOP plan of the Company. The meeting were conducted as scheduled.Further the Company has informed that the following businesses were transacted at the General Meetings.
1. At the Court convened Meeting held on December 22, 2008 :
Shareholders approved the Scheme of Amalgamation and authorize the Directors, Chief Financial Officer and Company Secretary to take necessary actions / deeds with regard to amalgamation.
Based on the Scrutinizers Report, the Chairman of the Meeting declared that the resolutions were passed with requisite majority.
2. At EGM held on December 22, 2008 :
(i) Shareholders approved new ESOP Plan - MindTree Ltd - Stock Option Plan 2008 (Program-5) and authorized the Board to implement the plan and take necessary actions in this regard. The resolutions were passed on majority.
(ii) Shareholders approved to issue stock options of the Company to employees of subsidiary companies. The resolutions were passed unanimously.
1. At the Court convened Meeting held on December 22, 2008 :
Shareholders approved the Scheme of Amalgamation and authorize the Directors, Chief Financial Officer and Company Secretary to take necessary actions / deeds with regard to amalgamation.
Based on the Scrutinizers Report, the Chairman of the Meeting declared that the resolutions were passed with requisite majority.
2. At EGM held on December 22, 2008 :
(i) Shareholders approved new ESOP Plan - MindTree Ltd - Stock Option Plan 2008 (Program-5) and authorized the Board to implement the plan and take necessary actions in this regard. The resolutions were passed on majority.
(ii) Shareholders approved to issue stock options of the Company to employees of subsidiary companies. The resolutions were passed unanimously.
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