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Outcome of Board Meeting

| Updated on June 09, 2011 Published on June 09, 2011

Eduexel Infotainment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 09, 2011, inter alia, has transacted the following businesses:

1. No dividend was recommended in the meeting.

2. A proposal to increase the Authorized Capital of the company to Rs. 30 Crores to enable further issues as proposed in the earlier Board Meeting was approved.

3. The board took on record various MOUs entered between the company and other corporates namely the Maya Group for business expansion.

4. The Board generally authorized the Directors to discuss with various Merchant Bankers, Bankers and Financial Institutions to enter into mandate in connection with fund raising.

5. The Board decided to fix the remuneration to the Managing Director, Chairman and other Directors within the permissible limit allowed under the Companies Act, subject to the confirmation of the general body.

Source : BSE - >www.bseindia.com

Published on June 09, 2011
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