General Announcement::Outcome of the Board Meeting held on June 29, 2018

Issuer & Securities

Issuer/ Manager
3I INFOTECH LIMITED
Securities
3IINFOTECH US$2.435MCB170726 - XS0308551166 - 3JDB
3IINFOTECUS$125.356M5%CB170426 - XS0769181982 - 2CCB
3IINFOTEUSD16.323M2.5%CB250331 - XS1423751418 - 66DB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
04-Jul-2018 19:18:26
Status
New
Announcement Sub Title
Outcome of the Board Meeting held on June 29, 2018
Announcement Reference
SG180704OTHRCGK1
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
We wish to inform that the Board of Directors at its meeting held on June 29, 2018 has approved the following:
1. Date and Time of the Annual General Meeting
The 25th Annual General Meeting of the Members of the Company will be held on Tuesday, July 31, 2018 at 12:30 p.m. at Arya Samaj Hall, Plot No. 6, Sector 9A, Vashi, Navi Mumbai 400703.

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulation, 2015, the Register of Members and the Share Transfer Books of the Company will remain closed from Tuesday, July 24, 2018 to Tuesday, July 31, 2018 (both days inclusive). The proposed book closure is in regard to the AGM of the Company.

2. Implementation of employee stock option scheme
The implementation of 3i Infotech Employee Stock Option Scheme 2018 ( Scheme ) in accordance with Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 and applicable law. The Scheme shall be implemented by the Nomination and Remuneration Committee of the Company ( Nomination and Remuneration Committee ). The Scheme envisages granting of stock options to employees of the Company and/or subsidiary companies of the Company/holding company of the Company ( Eligible Employees ), as selected by the Nomination and Remuneration Committee which will entitle them to subscribe to the shares of the Company having face value of INR 10 ( Equity Shares ) at an exercise price of INR 10 (Indian Rupees Ten) per option provided they fulfil the terms and conditions (vesting criteria/period) as may be determined by the Nomination and Remuneration Committee in accordance with the Scheme and applicable law.

The total number of Equity Shares to be allotted pursuant to the Scheme to the Eligible Employees shall not exceed in aggregate 15 percent of the aggregate of the number of issued and paid-up equity share capital of the Company from time to time, subject to a maximum of 10,00,00,000 (Ten crore) Equity Shares of the Company having face value of INR 10 (Indian Rupees Ten per share). If there is any change in the share capital of the Company due to any corporate action, then the number of Equity Shares subject to the Scheme will be adjusted in accordance with the terms of the Scheme and applicable law.

Attachments

SGX- outcome of BM.pdf
Total size =825K