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| Exchange Disseminated Time | Goldstone Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2007, inter alia, has considered and approved the following:
1. Appointment of Mr. K S Sarma as Additional Director on the Board of Directors of the Company.
2. Appointment of Mr. Nandan Kundetkar, as Non — Executive Chairman of the Company.
3. To convene Extra-Ordinary General Meeting of the Company on May 31, 2007 to consider:
(i) For enhancement of Borrowing Powers from the existing limits to Rs 150 Crores and power to create charge / mortgage on the assets of the company to the extent of borrowing powers.
(ii) For issue of Employee Stock Options to the Employees of the Company and Subsidiary / holding companies.
(iii) Proposal to further issue of shares through Qualified Institutional Placement under Chapter XIIIA of SEBI(DIP) Guidelines. |
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