Investor News
Hyderabad, June 23, 2011 – AJEL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 23, 2011, inter alia, has considered and approved the following:
1. To issue and allot Equity shares on preferential Basis to promoter and non-promoter group.
2. Payment of Remuneration to Whole Time Director.
3. Approved the Draft Postal Ballot Notice under Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by postal Bollot) Rules, 2001 with regard to preferential allotment and payment of remuneration to whole time director.
4. Authorized Mr. Amara Reddy Jadda, Director and Mr. Chandrakanth Gorak, Company Secretary to carry out the postal ballot process.
5. Appointed Mr. Ahalada Rao V. Practicing company secretary as Scrutinizer for the Postal Ballot.
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