Edserv Softsystems Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 11, 2010, have unanimously approved the following businesses:

• The Issue of ADR / GDR / FCCB not exceeding a sum of USD 500 million.
• The Power of the Company to Mortgage / Hypothecate the assets of the Company whether movable or immovable up to a sum not exceeding Rs. 2000 crores.
• The Power of the Company to borrow, from various avenues, monies not exceeding a sum of Rs. 2000 crores.