KLGSYSTEL

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on April 12, 2006 , had resolved to allot 4,00,000 ( Four Lakhs only ) warrants to the promoters of the company on Preferential basis @ Rs.106/- per warrant convertible at the option of the warrant holder into equity shares of Rs.10/- each at a premium of Rs 96/- per share , which is arrived at in accordance with Chapter XIII of SEBI (DIP) guidelines on Preferential issues, subject to the approval of shareholders in its Extra Ordinary General Meeting to be held on May 11, 2006 in accordance

Klg Systel Ltd. has informed the Exchange that the members of the Compensation Committee in its meeting held on April 12, 2006, had approved to issue 2,99,500 (Two lakhs Ninety Nine Thousands Five Hundred only) equity linked options, which give the right to purchase or subscribe to securities of the Company at a future date, the exercise of which could give rise to the issue of equal number of equity shares of the Company, at an exercise price of Rs.119.58/- which includes face values of Rs.10/- and a premium of Rs 109.58/-per share, to Employees/Directors in accordance with KLG Systel Employ

Klg Systel Ltd. has informed the Exchange that the Shareholders of the Company in its EGM held on March 16, 2006 had passed the following two special resolutions as per the Notice of the EGM : (1) Authorization to Company u/s 81(1A) of the Companies Act, 1956 to raise an amount not exceeding US Dollars 10 Millions - (United States Dollars Ten Millions only) from Overseas / Domestic Market by issue of ADR / GDR / FCCB or other financial instruments, subject to the compliance of provisions of various Laws rules, regulations as may be applicable and subject to the consents / approvals from approp

Klg Systel Ltd. has informed the Exchange that the Board of the Directors of the Company in its meeting held on February 16, 2006 have resolved to raise an amount not exceeding US Dollars 10 Millions (United States Dollars Ten Millions only) from Overseas/Domestic Market by issue of ADR/GDR/FCCB or other financial instruments, subject to the compliance of provisions of various Laws rules, regulations as may be applicable and subject to the consents/approvals from appropriate authorities in India/Overseas including the approval of the shareholders of the Company by special resolution to be pass

Klg Systel Ltd. has submitted to the Exchange a copy of minutes of EGM of the Company held on January 12, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on February 03, 2006 have resolved to allot 40,37,650 (Forty Lacs, Thirty Seven Thousands, Six Hundreds and Fifty only) equity shares as fully paid Bonus Share to the members of the Company, whose name appeared in the Register of members maintained with Registrar and Transfer Agent / Depositories as on the record date i.e. January 30, 2006.

Klg Systel Ltd. has informed the Exchange that :- (1) The Company had received a Letter of Intent from Jodhpur Vidyut Vitran Nigam Ltd., Rajasthan for Rs.4.06 Crores for High Voltage Distribution System (HVDS) Survey and design. (2) Further, the Company had earlier made a bid of Rs.91 Crores approximately against the Tender of Rural Electricity Infrastructure and House hold Electrification under Rajiv Gandhi Gramin Vidyutikaran Yojana for areas in Jaipur and Tonk districts in Rajasthan. The said price bid was made public on January 24, 2006, wherein the prices quoted by the Company were decla

Klg Systel Ltd. has informed the Exchange that the Managing Director of the Company had declared the results of Postal Ballot conducted pursuant to Section 192A of the Companies Act, 1956 whereby the Special Resolution to amend Object Clause of the Memorandum of Association of the Company has been duly passed by the Shareholders of the Company. The results were declared on January 27, 2006 on the basis of the Report submitted by Mr. Ambarish Chatterjee, Scrutinizer. The details of the results of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates

Klg Systel Ltd. has informed the Exchange that Nirmal N. Kotecha has acquired 2,11,585 shares aggregating to 5.24% of the total paid up capital of KLG Systel Ltd. on January 25, 2006. The mode of acquisition is open market and the shareholding of Nirmal N. Kotecha after the said acquisition is 4,00,283 shares aggregating to 9.91% of the total paid up capital of KLG Systel Ltd..

Klg Systel Ltd. has informed the Exchange that Mr. Nirmal N. Kotecha has acquired 1,88,698 shares aggregating to 4.67% of the total paid up capital of KLG Systel Ltd. on January 24, 2006. The mode of acquisition is open market and the shareholding of Mr. Nirmal N. Kotecha after the said acquisition is 1,88,698 shares aggregating to 4.67% of the total paid up capital of KLG Systel Ltd.

Nirmal N. Kotecha has informed the Exchange that he has acquired 2,11,585 shares aggregating to 5.24% of the total paid up capital of KLG Systel Ltd. on January 25, 2006. The mode of acquisition is open market and the shareholding of Nirmal N. Kotecha after the said acquisition is 4,00,283 shares aggregating to 9.91% of the total paid up capital of KLG Systel Ltd.

Nirmal N. Kotecha has informed the Exchange that he has acquired 1,88,698 shares aggregating to 4.67% of the total paid up capital of KLG Systel Ltd. on January 24, 2006. The mode of acquisition is open market and the shareholding of Nirmal Kotecha after the said acquisition is 1,88,698 shares aggregating to 4.67% of the total paid up capital of KLG Systel Ltd.

Klg Systel Ltd. has informed the Exchange that the BODs have fixed the record date on January 30, 2006 for the purpose of taking record of the shareholders of the Company who would be eligible for issue of bonus shares in the proportion of one new share for every one existing fully paid up equity share then held.

Klg Systel Ltd. has informed the Exchange that pursuant to Section 192A(2) of the Companies Act, 1956, read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001 the resolution for the purpose of altering the object clause of the Memorandum of Association of the Company, is proposed to be passed as Special Resolution by way of Postal Ballot. The Company has appointed Mr. Ambarish Chatterjee, Practicing Company Secretary as the scrutinizer for conducting the Postal Ballot process in the fair and transparent manner. The duly completed Postal Ballot Form should reach the Scrutinizer

Klg Systel Ltd. has submitted to the Exchange a copy of Notice of EGM of the Company scheduled to be held on January 12, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Klg Systel Ltd. has informed the Exchange that the BODs of the company in its meeting held on December 12,2005 have recommended the issue of bonus shares in the proportion of one new fully paid up equity shares of Rs.10/- each for each fully paid up equity share of Rs.10/- each held by the shareholder as on the record date to be finalised, subject to the approval of shareholders in their meeting for capitalization of company's reserves in accordance with the articles of association of the company. The board has scheduled an EGM of the company to be held on January 12,2006.

Klg Systel Ltd. has informed the Exchange that the BODs of the Company in its meeting held on November 25, 2005 have resolved to allot 2,00,000 (Two Lacs only) shares to the promoters of the Company namely Sh. K.L. Goel, Sh. Kumud Goel and M/s KLG Computers Pvt. Ltd in accordance with the special resolution of AGM held on August 12, 2005 arising after conversion of warrants earlier allotted in the meeting of BODs held on August 25, 2005. Further the BODs at their meeting held on November 25, 2005 have appointed Mrs.Upasana Goel as whole time Director of the Company w.e.f.November 25, 2005.

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on August 25, 2005 have allotted 2,00,000 (Two Lacs only) warrants to the promoters of the Company namely Sh. K. L. Goel - 70,000 warrants, Sh. Kumud Goel - 70,000 warrants and M/s KLG Computers Pvt. Ltd. - 60,000 warrants in compliance with the Special Resolution passed at its AGM of the Company held on August 12, 2005 on preferential basis@ Rs. 96 per warrant convertible at the option of the warrant holder into equity shares of Rs. 10/- each at a premium of Rs. 86/- per share, within a pe

Klg Systel Ltd. has submitted to the Exchange a copy of the proceedings of the AGM of the Company held on August 12, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on July 14, 2005 have resolved to issue 2,00,000 warrants to the promoters of the Company as per resolution on preferential basis @ Rs.96 per warrant convertible at the option of the warrant holder into equity shares of Rs.10/- each at a premium of Rs.86/- per share, with an option to apply for and be allotted shares, in accordance with the provisions of Chapter XIII on preferential issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 in this behalf and to get the approval o

Klg Systel Ltd. has informed the Exchange that the Register of Members and Share Transfer Books of the Company shall remain closed from August 10, 2005 to August 12, 2005 (both days inclusive) for the purpose of payment of dividend, if declared, at the AGM of the Company which is scheduled to be held on August 12, 2005.

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on May 31, 2005 had passed a resolution to get the approval of Shareholders in the ensuing AGM of the Company for issue the shares under Employee Stock Options pursuant to SEBI (Employees Stock Option Scheme and Employees Stock Purchase Scheme) Guidelines, 1999 as amended upto date.

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on May 31, 2005 have recommended a dividend @ 15% on the paid up share capital of the Company, for the financial year ended March 31, 2005.

Klg Systel Ltd. has informed the Exchange that the Securities of the Company have been delisted from the Stock Exchange - Ahmedabad (ASE) with effect from January 28, 2005 in response to application for voluntary delisting made by the Company.

Klg Systel Ltd. has informed the Exchange that the Company was holding 100% shareholding of M/s First Power Utilities Distribution Ltd., a company registered under the Indian Companies Act,1956 and having its registered office at EC-13,Inderpuri,New Delhi. The company has further informed that now the company has disposed off 80% shareholding (i.e. 40,000 equity shares of Rs.10/- each) of M/s. First Power Utilities distribution Ltd, resulting into the extinguishment of subsidiary status of the latter.

Klg Systel Ltd. has informed the Exchange that the Securities of the Company have been delisted from (1) Banglore Stock Exchange Limited with effect from December 6, 2004 and from (2) The Delhi Stock Exchange Association (DSE) with effect from December 11, 2004 in response to application for Voluntary Delisting made by the Company.

KLG Systel Ltd. has informed the Exchange that Maj. Gen V B Sarin (Retd) who was appointed as additional director of the company ceases to hold the office of director of the company from the date of AGM i.e. September 24, 2004.