Board of Global Infratech & Finance approves bonus issue of equity shares

At meeting held on 04 August 2014

Global Infratech & Finance announced that the Board of Directors of the Company at its meeting held on 04 August 2014, have approved following businesses, subject to approval of Members in forthcoming Annual General Meeting scheduled to be held on 26 September 2014 :

1. Approved the appointment of M/s. Pradeep Gupta as Statutory Auditors of the Company for next five financial years.

2. Approved the Appointment of Allan Paul as Executive Director of the Company with effect from 01 October 2014.

3. Approved the Appointment of S. Swaminathan as Independent Director of the Company for 5 years commencing from 28 May 2014.

4. Approved the Appointment of Ashok Bothra as Independent Director of the Company for 5 years commencing from 01 April 2014.

5. Approved to Increase its Authorized Capital from Rs. 25.00 crore to Rs. 27.00 crore.

6. Approved the Issue and allotment of 1 Bonus Equity Share for every 10 Equity Shares held by Members as on Record date, subject to approval of competent authorities.

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