Crystal Software Board approves sub-division

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Crystal Software Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 03, 2007, inter alia, has transacted the following business, and approved the following, subject to the approval of the shareholders and other regulatory authority, if any:

 

1. To increase in authorised share capital of the Company from Rs 5 Crores to 10 Crores and consequential amendments in Memorandum (& Articles) of Association of the Company.

 

2. To sub-divide the Shares of the Company from face value of Rs 10/- each to face value of Re 1/- each and consequential amendments in Memorandum (& Articles) of Association of the Company.

 

3. To issue further shares / warrants on preferential basis in Domestic / International market.

 

Further the Company has informed that, the Directors has resolved to convene an Extra Ordinary General Meeting of the Company on January 15, 2008 and approved the draft notice for the same.

 

 

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