17 Sep 2009 EdServ Softsystems - Outcome of AGM

EdServ Softsystems Ltd has informed BSE that the members at the 8th Annual General Meeting (AGM) of the Company held on September 17, 2009, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet as at March 31, 2009, the Profit & loss Account for the year ended on that date and the Report of Directors and Auditors thereon.

2. Declaration of Dividend at Re 1/- per equity share of Rs 10/- each.

3. Appointment of Mr. S Arvind & Dr. Illango Balakrishna as Directors.

4. Appointment of Ms/ Raj and Ravi as Statutory Auditors.

5. Issue of 2,27,273 fully convertible Equity Warrants of face value Rs 10/- each at a premium of Rs 78/- on a preferential basis to Mr. S Giridharan and Mrs. G Gita, Promoters.

6. Increase in payment of remuneration to Mr. Giridharan, Chairman & Chief Executive officer.

7. Increase in payment of remuneration to Mrs. Gita, Managing Director.