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| Exchange Disseminated Time | Genesys International Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2010, inter alia, has approved the following:
1. Declaration of Interim Dividend of Re. 1/- per Equity Share of Rs. 10/- each of the Company.
2. Sub-division of the existing equity shares of Rs. 10/- each into two equity shares of Rs. 5/- each.
3. The Employee Stock Option Scheme named as 'GENESYS ESOP SCHEME - 2010'.
4. Raising of additional funds by way of issue of QIP / FCCB / GDR / ADR or through any other mode of securities to the extent of Rs. 150 Crores.
5. Increase in Authorised Share Capital of the Company from Rs.15 Crores to Rs. 25 Crores.
6. Increase in the borrowing powers of the Company to the extent of Rs. 175 Crores.
7. Mortgage and / or charge of movable and immovable properties of the Company.
In this connection, the Board also approved draft Postal Ballot Notice along with the Calendar of Events pursuant to Section 192A (2) of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001. The Board also appointed Mr. Narayan Parekh, Partner of M/s PRS Associates, Practicing Company Secretaries, Mumbai, as Scrutinizer for the Postal Ballot Process. |
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