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Our Bureau

Hyderabad, March 7

Intense Technologies Ltd (earlier Fortune Informatics Ltd) has informed BSE that the Board of Directors at a meeting on Tuesday approved the decision to raise funds through issue of equity shares or other instruments not exceeding $2 million (about Rs 9 crore).

In another decision, the board decided the grant and issue of 5 lakh equity shares to employees of the company under the new ESOP Plan 2007. While accepting the resignation tendered by Ms Uma Maheshwari as company director, the management decided to convene an extraordinary general meeting on April 10, to obtain the consent of the shareholders.

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GlobalRoads R&D centre in Hyderabad

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