20 Oct 2009 07:53
October 20, 2009
To
The London Stock
Sub: Outcome of Extraordinary General Meeting
Please be informed that an Extraordinary General Meeting of the Company was held on October 20, 2009 at the Registered Office of the Company at Adarsh Tech Park, Outer Ring Road, Devarabisanahalli, Bangalore - 560 037. The shareholders have unanimously adopted the following resolutions.
1. Issue of Securities pursuant to restructuring of the existing US$ 180,000,000 two per cent. Convertible Unsecured Bonds of the Company issued on March 8, 2007,
2. Increase in the Authorized Share Capital from Rs. 50,00,00,000 (Rupees Fifty Crores only) divided into 4,80,40,000 (Four Crore Eighty Lakhs Forty Thousand only) equity shares of Rs.l0 (Rupees Ten only) each and 2,00,000 (Two Lakhs) preference shares of Rs. 98 (Rupees Ninety Eight only) each to Rs. 130,00,00,000 (Rupees One Hundred and Thirty Crores only) divided into 12,80,40,000 (Twelve Crore Eighty Lakhs and Forty Thousand only) equity shares of Rs. 10 (Rupees Ten only) each and 2,00,000 (Two Lakhs) preference shares of Rs. 98 (Rupees Ninety Eight Only) each.
For Subex Limited
Raj Kumar
Chief Counsel & Company Secretary
SUBX.L (SUBX)