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Outcome of Board Decisions (EGM on Aug 17, 2012)

| Updated on July 18, 2012 Published on July 18, 2012

Subex Ltd has informed BSE that the following decisions were taken by the Board of Directors of the Company:

1. Allotment of 89,335,462 equity shares upon mandatory conversion of principal amount of U.S.$ 36,321,000 out of Companys U.S.$127,721,000 5.70 per cent FCCBs due 2017. The post-allotment paid up equity share capital of the Company is Rs. 1,586,462,340 consisting of 158,646,234 equity shares of Rs. 10/- each.

2. Approval of Amendment of the Articles of Association of the Company to incorporate certain provisions as per the trust deed the Companys U.S.$ 127,721,000 5.70 per cent FCCBs.

3. Convening an Extraordinary General Meeting of the Company on August 17, 2012 at 11.30 AM the Registered Office to seek approval of the members to the aforesaid amendment of the Articles of Association.

Source : BSE - www.bseindia.com

Published on July 18, 2012
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