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Outcome of board meeting of Nihar Info Global

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Capital Market
Last Updated : Feb 11 2015 | 8:46 PM IST

Held on 11 February 2015

Nihar Info Global announced that the Board of Directors of the Company at its meeting held on 11 February 2015, inter alia, has transacted the following:

1. The Board has reviewed the Beta releases of the content portals www.niharonline.com. www.sarasam.in. www.humorbox.in, www.haasparihaas.com and www.ecards4u.in and the Board is informed that the Final release of the portals will be done by March, 2015.

2. The Board has reviewed the Beta releases of the ecommerce portals www.itdukaan.com. wvw.cinescope.in, www.smartmelody.in and www.makeadeai.in and has suggested further enhancements for the portals. The Board is informed about the Beta launch of other ecommerce portals www.Banyanstore.com, www.Anyservice.in and www.goldnsilver.in by March, 2015.

3. The Board has reviewed the progress of Android Mobile Applications and has been informed about the launch of the Mobile Apps Niharonline News in February, 2015 which is a News Application and will be a News Content Aggregator Application displaying content in 3 Languages i.e. English, Hindi and Telugu.

4. The Board has been informed about the launch of Android Mobile applications for www.Ecards4u.in, www.Smartmelody.in, www.sarasam.in and www.Cinescope.in before April, 2015.

5. The Board has considered to make an investment in a Nihar Logistics India, a Logistics Company for the purpose of strengthening the logistics for ecommerce portals of the Company.

6. The Board has authorized B. S. N. Suryanarayana and B. Divyesh Nihar to sign the agreements with various suppliers who want to place their merchandize, content and other services on the various ecommerce platforms of the Company.

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7. The Board has authorized B. S. N. Suryanarayana and B. Divyesh Nihar to open a Beneficiary account with Stock Holding Corporation of India Limited for transferring shares which have been allotted after capital restructuring and the same have not been claimed by the Shareholders of the Company, and to operate the same on behalf of the Company and sign all the forms, applications, documents and give instructions or requests for all the matters relating to Demat Account.

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First Published: Feb 11 2015 | 6:49 PM IST

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