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EDUCOMP SOLUTIONS LTD. - Outcome of Board Meeting
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13 Jan 2015
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):-&lt;BR&gt;&lt;BR&gt;1. Issuance of Equity Shares to the Lenders, as per SEBI (ICDR) Regulations, 2009, on conversion of Funded Interest Term Loan.&lt;BR&gt;&lt;BR&gt;2. To initiate the process for merging M/s. Edu Smart Services Private Limited with the Company, subject to necessary approval as required.&lt;BR&gt;&lt;BR&gt;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:&lt;BR&gt;&lt;BR&gt;(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.&lt;BR&gt;&lt;BR&gt;(ii) To approve the increase in the remuneration of Mr. V. K. Dandona, Whole Time Director of the Company.
View all announcements for EDUCOMP SOLUTIONS LTD. Source: BSE India

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