Outcome of Board Meeting

| Updated on: Feb 15, 2011

Maximaa Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2011, inter alia, has transacted the following businesses: 1. Fixed day, date and time of EOGM for the following purposes: i. Preferential Issue of 8,50,500 Equity Shares. ii. Re-appointment of Mr. Manoj Shah, Managing Director, Mr. Mayur Shah, Joint Managing Director, Mr. Mahesh shah, Joint Managing Director of the Company and revised their remuneration. iii. Appointment of Mr. Kunal Shah as Executive President (Pharma and IT), relative of directors. iv. Appointment of Dr. D.R.K. Reddy, Dr. Milan Desai and Mr. Milan Chitalia as Independent Directors. 2. Other businesses with permission of Chairman: i. Accepted resignation of Mr. Samir Mapara and Mr. Path Mehta from Directorship of Company. ii. Reconstitution of Audit Committee, Investor Grievance Committee and Remuneration Committee.

Source : BSE - >www.bseindia.com

Published on February 15, 2011

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