At meeting held on 20 June 2016
Cybermate Infotek announced that the Board of Directors of the Company at its meeting held on 20 June 2016, considered and approved the following:Reduction of Equity share capital by reduction of the paid-up value of share from Rs. 10/- (Rupees Ten) to Rs 2/- (Rupees Two) in terms of Section 66 of Companies Act, 2013 read with Regulation 11 and 37 of SEBI (LODR) Regulations, 2015 and other applicable laws and regulations and further resolved to refer the matter to the Auditor for Valuation Report and Merchant Banker for fairness opinion in terms of Para I(A)(3d) of Annexure I of SEBI Circular dated 30 November 2015
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