Softpro Systems Ltd has informed that the Board of Directors of the Company at its meeting held on June 12, 2009, inter alia, has considered & approved the following points:
1. Subject to the approval of Members at the ensuing EGM and all the Statutory approvals as may be required, to issue, offer and allot on a Preferential allotment basis, upto 20,00,000 Fully Convertible Warrants (FCWs) to the Persons other than Promoters & 4,00,000 FCWs to the Promoters / Persons forming part of the Promoter group, on such terms and conditions and in such manner as the Board may think fit, with each FCW entitling the holder thereof to apply for and be allotted 1 Equity Share of Rs 10/- each, at an issue price of Rs 180/-, inclusive of a premium of Rs 170/- per Equity Share.
2. To increase the Authorized equity Share capital to Rs 10,00,00,000/-.
1. Subject to the approval of Members at the ensuing EGM and all the Statutory approvals as may be required, to issue, offer and allot on a Preferential allotment basis, upto 20,00,000 Fully Convertible Warrants (FCWs) to the Persons other than Promoters & 4,00,000 FCWs to the Promoters / Persons forming part of the Promoter group, on such terms and conditions and in such manner as the Board may think fit, with each FCW entitling the holder thereof to apply for and be allotted 1 Equity Share of Rs 10/- each, at an issue price of Rs 180/-, inclusive of a premium of Rs 170/- per Equity Share.
2. To increase the Authorized equity Share capital to Rs 10,00,00,000/-.
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