CSSTL has informed BSE that the Board of Directors
of the Company at its meeting held on August 16,
2006, inter alia, has considered the following:
1. Fixation of the dale and venue of the forthcoming
Annual General Meeting of the Company and approval
of the draft notice calling the AGM.
2. Increase in the Authorised Share Capital of
the Company.
3. Revision of the managerial remuneration of
the Managing Director, Executive Director and
the Whole Time Director of the Company, subject
to the approval of the members in the forthcoming
Annual General Meeting of the Company.
4. Allocation of 7.5 Lakhs Equity Shares under
Employees Stock Option Scheme to be allotted to
the eligible employees of the Company in accordance
with the provisions of the Companies Act, 1956
and SEBI (Employees Stock Option Scheme and Employees
Stock Purchase Scheme) Guidelines 1999 as amended
to date.
5. Resignation of Mr K S Prakash Rao from the
Directorship of the Company w.e.f. August 16,
2006.
6. Appointment of R Balarami Reddy as additional
Director of the Company w.e.f. August 16, 2006.
7. Issue of warrants convertible into equity
shares to the promoters and promoters group in
accordance with the provisions of the Companies
Act, 1956 and the SEBI (Disclosure and Investor
Protection) Guidelines, 2000 as amended to date. |
