Intense Technologies EGM approves fund raising proposal, ESOP

Intense Technologies Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 10, 2007, have unanimously approved the following resolutions:

1. Raising of funds by issue of Equity Shares to Qualified Institutional Buyers in accordance with Chapter XIII A of SEBI (Disclosure and Investor Protection) Guidelines as amended and / or by issue of GDR's / FCCB's / Other Permitted Securities for an aggregate sum up to US$ 10 Million.

2. The institution of the Employee Stock Option Plan, 2007 for grant and issue of 5,00,000 Equity Shares to the Employees of the Company.

Source : Equity Bulls

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