Investor News
Hyderabad, September 15, 2011 – AJEL Ltd has informed BSE that the Members at the 17th Annual General Meeting (AGM) of the Company held on September 12, 2011, inter alia, have accorded to the following resolutions with requisite majority: -
1. |
Adoption of the Audited Balance sheet, Profit & Loss Account, together with the reports of the Directors and the Auditors thereon, for the year ended March 31, 2011. |
2. |
Re-appointment of Mr. Jadda Amara Reddy as Director of the company, liable to retire by rotation. |
3. |
Re-appointment of Mr. Venkateswarlu Arikatla as Director of the Company, liable to retire by rotation. |
4. |
Re-appointment of M/s. KN Murthy & Co., chartered Accountants, as Auditors of the Company until the conclusion of the next Annual General Meeting. |
5. |
To Issue Equity Shares to persons other than promoters on preferential Basis. |
6. |
To issue Equity warrants to persons other than promoters on preferential Basis. |
7. |
Increase in borrowing limits, at any point in time not exceeding a sum equivalent to Rs. 50 Crore (Rupees Fifty Crore Only) (excluding any interest on such borrowings) over and above the aggregate, for the time being, of the paid-up share capital and free reserves of the Company and Authority to create charge up to the limits of borrowing as approved by the members of the Company, from time to time, under Section 293(1 )(a) of the Companies Act, 1956. |
About Ajel Limited.
AJEL LIMITED. 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