Prism Informatics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2014, has transacted following matters:
1. Board approved the issuance of Equity Shares on Rights basis to the existing equity shareholders of the Company and has authorized Mr. Alok Pathak, Managing Director to determine all terms and conditions for issuance of shares on Rights basis.
2. Upon approval of issuance of Shares on Right basis as said in above para, Board approved to alter the authorized equity share capital either by reclassification of capital or by increase in Authorized share capital subject to approval of members of the Company and have authorized Mr. Alok Pathak, Managing Director to take all such necessary steps to give effect to alteration of Authorized Share Capital.
3. Mr. V. Chandrashekar tendered his resignation from the post of Whole Time Director (Risk & Compliance) and Company Secretary of the Company with an immediate effect. He will now serve Company as 'Non- Executive' director.
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