Teledata Informatics - Outcome of EGM

Teledata Informatics Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 19, 2008, inter alia, have accorded the Board to create, offer, Issue and allot in one or more tranches to Qualified Institutional Buyers (as defined Under Chapter XIII A of DIP Guidelines, whether shareholders of the Company or not, equity shares under the Qualified Institutional Placement guidelines (QIP) and for any shares/securities /warrants convertible into equity shares at the option of the Company and for holder(s) of the Securities and or securities linked to equity shares and for securities with warrants or any securities other than warrants, which are convertible or exchangeable with equity shares at a later date with or without an over allotment option, or a combination of the foregoing ("Securities"), secured or unsecured, whether listed on any stock exchange in India or unlisted, through a placement document and for an offer document and or prospectus and for offer letter and or offering circular and for information memorandum, and or listing particulars, as the Board in its sole discretion may at any time or times hereinafter decide, provided that the total issue size, whether issued in a single tranche or multiple tranches does not exceed Rs 500 crores in total, subject to necessary provisions & approvals.