Edserv Softsystems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 04, 2009, inter alia, has decided and approved the following:

• The allotment of 2,27,273 convertible warrants to Mr. S. Giridharan and Mrs. G. Gita.
• The proposal to raise funds upto USD 500 Mn through International Capital Markets including the issue of ADR/GDR/FCCB and decided to hold the Extra Ordinary General Meeting on January 11, 2010 to seek the general permission of the shareholders for the above issues.