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| Exchange Disseminated Time | Cyber Tech Systems & Software Ltd has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on August 24, 2007, inter alia, have also accorded the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007, the Profit and Loss Account for the Accounting year ended as on that date and the Schedules forming part of the accounts along With the Reports of the Directors and Auditors thereon.
2. Declaration of dividend at the rate of Re 1/- per share on the equity shares of the Company.
3. Appointment of M/s. Lodha & Co., Chartered Accountants, as the Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
4. Authority to Board to create, offer, issue and allot at any time to and for the benefit of employees who are nominated , including the directors of the Company , whether working in India or outside India, except the Directors of the Promoter Group, who are not eligible under the SEBI Guidelines under the Employees Stock Option Plan, 2007 (ESOP Scheme 2007) such number of equity shares of the face value of Rs 10 each not exceeding 12,35,633 equity shares in the aggregate, as the Board may deem fit for subscription for cash, in one or more tranches at an exercise price per share equivalent to the closing market price on the day of the grant, on the terms and conditions set out in the Explanatory Statement attached to this notice concerning this item and such other terms and conditions as the Board may decide in their absolute discretion prior to the issue and offer thereof, provided the Board of Directors be and is hereby authorized to proportionately increase the number of equity shares specified in the event of stock split or issue of bonus shares.
5. Payment of remuneration to any or all non executive directors of the Company for a period of five years commencing from the year 2007-08. |
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