|
| Exchange Disseminated Time | Majesco Ltd has informed BSE that SEBI vide its Order dated March 22, 2016 ("Order") has debarred Sharepro Services (India) Private Limited ("Sharepro") from accessing the Capital Market. The Order also directs all the clients of Sharepro to carry out/switchover their activities related to a registrar to an issue and share transfer agent, either in-house or through another registrar to an issue and share transfer agent registered with SEBI.
The Board of Directors of the Company vide resolution passed by circulation on April 05, 2016 approved the change of Registrar to an Issue and Share Transfer Agent (RTA) from Sharepro to Karvy Computershare Private Limited (Karvy). The Company is in the process of executing necessary agreement with Karvy in order to ensure that the transaction from Sharepro to Karvy is smooth.
Further, The Company will be issuing a notice to Sharepro Services (India) Private Limited for termination of Agreement with them. Accordance with directions under SEBI order, the Company is also in the process of appointing an Auditor for Audit of Share Transfer record of the Company maintained by Sharepro. |
|
|