4 Mar 2010 11:18
March 4, 2010
The London Stock Exchange
10 Paternoster Square London EC4M 7LS
Dear Sir,
Sub: Outcome of Extraordinary General Meeting
Please be informed that an Extraordinary General Meeting (EGM) of the Company was held on March 4, 2010 at the Registered Office of the Company at Adarsh Tech Park, Outer Ring Road, Devarabisanahalli, Bangalore - 560 037. At the EGM, the shareholders unanimously adopted the following resolutions.
·; the issue of upto 6 million equity shares of the Company to the Promoter/Promoter Group for a price of Rs. 80/- per equity share, being higher than the minimum price computed in accordance with Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
·; pursuant to the provisions of Sections 78, 100 to 104 and other applicable provisions, if any, of the Companies Act, 1956, reduction of securities premium account as a part of financial restructuring by court order through utilisation of the same for certain permitted purposes to be approved by the Court,
We request you to take the aforesaid on record.
For Subex Limited
Raj Kumar
Chief Counsel & Company Secretary