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Prism Informatics Approves Sub-Division of Equity Shares
Prism Informatics Approves Sub-Division of Equity Shares
Prism Informatics Limited held its Extra Ordinary General Meeting on Friday, December 10, 2010 at the registered office of the Company.
Atlanta,
GA,
United States of America
(prbd.net)
22/12/2010
Prism Informatics Limited held its Extra Ordinary General Meeting on Friday, December 10, 2010 at the registered office of the Company.
The proceedings of the Extra Ordinary General Meeting of the Company are being intimated as follows:
The members have approved Sub-division of 14, 39,420 Equity Shares of Rs. 10/-each into 1, 43, 94,200 Equity Shares of Re. l each by sub-dividing 1 (one) equity share of Rs 10 /-face value each fully paid up into 10(ten) equity shares of Re 1 face value each-fully paid up and in turn alteration of Clause V of Memorandum of Association with respect to change in authorized capital of the Company post sub-division of Shares.
The shareholders may note that the equity shares of the company are listed on the Bombay Stock Exchange. The market price of the shares of the company has witnessed significant spurt over the last 9 months. In order to improve the liquidity of the company’s shares in the stock market to broaden the investor base and to make the company’s shares affordable to small investors, the Board of directors of the company considered its desirable to sub-divide the nominal value of the authorized, issued, subscribed and fully paid up equity share capital.
The members have approved alteration of Article 3A of the Articles of Association of the Company for change in Authorized share capital post sub-division of Shares.
The sub-division shall be effective on such date which may be fixed by any 2{two) of the directors of the Company or any I (one) director of the Company and Company Secretary/Compliance Officer of Company on the record date as soon as is practicable in consultation with the Bombay Stock Exchange.
“We remain committed to increasing shareholder value through executing our strategic objectives of customer focus, growth, operations, excellence, and talent development. The Company believes in sharing profit with share holders and rewards their continued support.” says Alok Pathak, Managing Director.
About Prism Informatics:
Prism Informatics Ltd. is a BSE listed entity in the field of software development and IT business consulting services provider headquartered in Navi Mumbai, India. Prism is creating a niche amongst the global IT service providers with a strong culture and management.
Prism has developed a strong client centric approach, nurturing customers as partners and meeting and exceeding the customer's expectations. It continues to deliver the same value to customers and stakeholders and is growing its relations organically.
Prism is growing at a phenomenal pace by acquiring leading companies in competing and adjacent spaces and keeping a 360 degree presence.
Prism is present in a number of countries including Germany, Switzerland, Thailand, Singapore, Sri Lanka, USA and now also in Middle East.
Visit www.prisminfoglobal.com for more information.
About
Prism is a Software Development and IT Business consulting services company.
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