Edserv Softsystems Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on March 25, 2010, inter alia, have unanimously approved the following businesses:

• The increase in authorized capital of the Company from Rs. 14,00,00,000/- to Rs. 25,00,00,000/-
• Raising of funds not exceeding a sum of Rupees 130 crores through Qualified Institutions Placement (QIP).