Investor News
Hyderabad, August 04, 2011 – AJEL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2011, inter alia, has considered & approved the following:
1. |
Noted the Results of Postal Ballot Submitted by Scrutinizer. |
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(i). |
Under Section 81 (1A) and all other applicable provisions, if any, of the Companies Act, 1955 (including any amendment(s) to or re-enactment thereof) for preferential allotment has been deferred by the Shareholders. |
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(ii). |
Under Sections 198, 309, 310 read with Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956 for payment of remuneration to whole time director has been approved by the Shareholders. |
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2. |
Approved and ratified the acts of Managing Directors for the purpose of setting up a branch office in USA. Further the board has authorized Mr. Srinivasa Reddy Arikatla, Managing Director to fill necessary forms or to do such other formality with Reserve Bank of India. |
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3. |
Noted and accepted the Resignation of Mrs. Malathy Bhimavarapu as Director. |
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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