Outcome of board meeting of Maximaa Systems

Held on 08 September 2015

Maximaa Systems announced that the Board of Directors of the Company at its meeting held on 08 September 2015, inter alia, has transacted the following business:

1. Approved the Notice and Directors' Report of the Company along with the Management Discussion and Analysis Report and Corporate Governance for the Financial Year 2014-15.

2. the ratification the appointment of M/s KCPG & Co., Chartered Accountants as Statutory Auditors of the Company to fill casual vacancy, subject to approval of shareholders at the ensuing AGM.

3. Considered the appointment of Directors who retires by rotation and being eligible, offers themselves for re-appointment.

 

4. Considered to hive off storage manufacturing division and I.T. Division.

5. Considered further Issue of Equity Share Capital on Preferential Basis.

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