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| Exchange Disseminated Time | Cyber Tech Systems and Software Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have accorded the following:
1. Adoption of audited Balance Sheet as at March 31, 2008, the Profit & 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.
2. Declaration of dividend at the rate of Re 1 per share on the equity shares of the Company.
3. Re-appointment of Mr. Anant Rajwade & Mr. Arun Shah, as Directors of the Company, liable to retire by rotation.
4. Re-appointment of M/s. Lodha & Co., Chartered Accountants, Mumbai, as 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 on conditions.
5. Appointment of Mr. Steven Lloyd Jeske as a Director of the Company, liable to retire by rotation.
6. Approve the increase in remuneration and additional incentive payable to Mr. C N Rao, as the Executive Director of the Company, on necessary terms & conditions.
7. Granted to Mr. Steven Lloyd Jeske holding the office of Director, of CyberTech Systems and Software Inc. U.S.A., the wholly owned subsidiary of the Company, on a remuneration as may be approved by the Board of Directors of CyberTech Systems and Software Inc. from time to time, on such remuneration, terms & conditions, for a period of three years ending March 2011.
8. Authority to the Board to granted to Mrs. Sukhada Tadimety, wife of Mr. Viswanath Tadimety, a director of the Company, holding the office of Director of CyberTech Systems and Software Inc. U.S.A., the wholly owned subsidiary of the Company, on a remuneration as may be approved by the Board of Directors of CyberTech Systems and Software Inc. from time to time, on such remuneration terms & conditions, for a period of three years ending March 2011.
9. Authority to the Board to granted to Mr. Viswanath Tadimety, a director of the Company, holding the office of Director of Cybertech Systems and Software Inc. U.S.A., the wholly owned subsidiary of the Company, on a remuneration as may be approved by the Board of Directors of CyberTech Systems and Software Inc. from time to time, such remuneration terms & conditions, for a period of three years ending March 2011.
10. Authority to the Board for the issue of Equity Shares to eligible Employees / Directors of the Company / Subsidiary Companies under the Employees Stock Option Plan(ESOP) 2007, the Remuneration / Compensation Committee of the Board of Directors of the Company be and is hereby authorized to issue upto 92,64,970 Equity Shares of the Company of the face value of Rs10 each in the aggregate during the validity of the ESOP 2007, subject to necessary provisions & approvals. |
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