Visesh Infotecnics to issue 80 lakh warrants

Visesh Infotecnics Ltd has announced that the Board of Directors of the Company at its meeting held on May 18, 2009, inter alia, has discussed and decided to Issue 80,00,000 warrants convertible into equity shares, on preferential basis, to certain bodies corporate / promoters / directors of the Company / and other investors on a price not less than the one calculated as per SEBI formula.

The Board accepted the resignation submitted by M/s. D G & Co. Chartered Accountants, from the office of Statutory Auditors of the Company and recommended for the appointment of M/s. RMA & Associates, Chartered Accountants to the office of Statutory Auditors of the Company.

To convene EGM for obtaining approval of the members of the Company for aforesaid purposes on June 29, 2009.

Source : Equity Bulls

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