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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 October 30, 2007, inter alia, has considered the following:
1. Allotment of 35,918 Equity Shares to Promoters of M/s. Stay Top Systems Inc; USA for the purpose of acquisition of Overseas Business.
2. Acquisition of 51% of stake in 4G Informatics Pvt Ltd engaged in Bio-metric identity solutions. Goldstone Technologies Ltd will be using a combination of cash and stock to fund the acquisition.
3. Further Issue of Shares on Preferential Basis for acquisition of M/s. 4G Informatics Pvt Ltd and calling for Extra-Ordinary General Meeting on November 30, 2007.
4. Amendment of Objects of the Memorandum of Association of the Company and issue of Notice of Postal Ballot seeking approval from the Shareholders of the Company.
5. Appointment of Mr. L P Sashikumar as Additional Director of the Company.
6. Resignation of Mrs. Mahita Caddell as Director of the Company. |
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