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Outcome of board meeting of Prism Informatics

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Capital Market
Last Updated : May 23 2016 | 12:02 AM IST

Held on 20 May 2016

Prism Informatics announced that the Board of Directors of the Company at its meeting held on 20 May 2016, inter alia, has transacted the following:

1. The Board approved Issue of Right Shares to mobilize Rupees Ten crore (Rs. 10 crore) to augment Working Capital Requirement.

2. Appointment of Atul Pradhan as Chief Executive Officer of the Company.

3. Appointment of D. Kothari and Co. as Statutory Auditor of the Company.

4. Appointment of Consultants as follows:

i) Service Tax consultant:- RSM Astute Consulting Private Limited
ii) Transfer Pricing- M/s A.D & Co.

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5. The Board discussed about Restructuring the Capital and Board of Prism Informatics Europe AG (Wholly owned subsidiary of Prism Informatics)

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First Published: May 21 2016 | 10:58 AM IST

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