Investor News

Hyderabad, July 22, 2010 – Ajel Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2010, has passed the following resolutions:

1.) To raise the funds from Foreign Market through issue of GDRs / ADRs / FCCBs to the extent of Rs. 600 million and to raise funds from Local Market through Qualified Institutional Placement (QIP) to the extent of Rs. 600 Millions.

2.) Subject to approval of the Shareholders at the Annual General Meeting and consequently altering the Memorandum of Association of the Company approved subdivision of its existing 1 (One) Equity Share of Rs. 10/- each into 10 (Ten) Equity Shares of Rs. 1/- each.

For additional information:
info@ajel.com

About Ajel Infotech Ltd.

AJEL INFOTECH LTD. is a premier provider of full range of information technology services for the agile business. We combine strategic consulting, process innovation, custom and package software deployment, and application monitoring to rapidly deliver end-to-end business systems that create immediate bottom-line impact for our clients to achieve their business objectives.

AJEL helps clients achieve their business goals by building, integrating and supporting mission-critical applications and systems for optimized quality, increased business value, faster time-to-market and reduced total cost of operations, development, testing, implementation and maintenance of business applications. Ajel’s delivery capability spans service-oriented architectures, including J2EE and .NET, E-commerce applications as well as traditional client/server and main frame development, and offers portal development, wireless and mobility applications and content delivery. Learn more www.ajel.in

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