Educomp Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 13, 2015, has considered and approved the following business(s):-<BR><BR>1. Issuance of Equity Shares to the Lenders, as per SEBI (ICDR) Regulations, 2009, on conversion of Funded Interest Term Loan.<BR><BR>2. To initiate the process for merging M/s. Edu Smart Services Private Limited with the Company, subject to necessary approval as required.<BR><BR>3. The postal ballot under Section 110 of the Companies Act, 2013 and other applicable provisions, if any and appointment of the Scrutinizer for the postal ballot, inter-alia for the following:<BR><BR>(i) To approve the Issuance and allotment of Equity Shares to the Lenders, as per SEBI (ICDR) Regulations, 2009, on conversion of Funded Interest Term Loan.<BR><BR>(ii) To approve the increase in the remuneration of Mr. V. K. Dandona, Whole Time Director of the Company.
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