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Allsec Technologies Ltd.

BSE: 532633 Sector: IT
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Approval By The Board For Recommending Re-Classification Of Status Of Certain Persons From Promoter

March 20, 2020, 5:39 pm | Source: BSE

We refer to our letter dated March 18 2020 submitted to the Stock Exchanges intimating request received from Mr. Ramamoorthy Jagadish and Mr. Adiseshan Saravanan for re-classification of their status Promoter and Promoter Group category to Public category.

This is to further inform you that the Board of Directors of the Company in its meeting held today i.e. March 20 2020 has acknowledged the aforesaid request relating to re-classification of the abovementioned persons to Public category and has recommended the same to the Shareholders of the Company to approve the request. Please find enclosed herewith the extracts of the minutes in this respect.

Necessary procedures and compliance in this regard including approval from the Stock Exchanges and other Statutory and Regulatory Authority(ies) will follow and appropriate effect will be given accordingly.