RS Software AGM approves allotment of shares to promoters

RS Software India Ltd has announced that the members at the 18th Annual General Meeting (AGM) of the Company held on August 18, 2006, inter alia, have approved the allotment of 562,500 Equity Shares arising out of 5625 zero interest Non-Convertible Debentures of Rs 10/- each, each Debenture having 100 detachable Warrants each entitling the holder to subscribe to one Equity Share at Issue price of Rs 20 each (including a premium of Rs 10/- per share) to the main Promoter, Mr R R Jain on January 10, 1994 which was supposed to be done between the 2nd and 4th year from the date of allotment was extended by the Board for one more year i.e. till July 1999 be and is hereby approved and the Board’s decision is ratified.

Source : Equity Bulls

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