KLGSYSTEL

KLG Systel Limited has informed the Exchange that "Pursuant to receipt of intimation from our counsel Mr. Arun Nehra, dated May 24, 2013, we understand that the Hon'ble High Court of Punjab and Haryana has, in Company Petition No. 143 of 2012, in the matter of "The Bank of New York Melon Vs. M/s. KLG Systel India Ltd." admitted the petition for winding up of the Company and has ordered for its advertisement. We further understand that the said Hon'ble High Court has appointed an Official Liquidator as the provisional liquidator and directed him to take over the assets of the Company. However,

Klg Systel Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on November 13, 2010 have transacted inter-alia following business : (1) Appointment of Mr. Mukesh Arora as Chief Executive Officer (CEO) of Life Cycle and Software Division of the Company; (2) Approve the Postal Ballot Notice for seeking shareholders approval for the appointment of Mrs. Ritu Goel and Mrs. Upasana Goel as executives of the Company.

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on July 29, 2009 transacted inter alia following businesses: 1) Approved the allotment of 20177 fully paid up equity shares of Rs.10/- each at a premium of Rs.109.58 per share for cash to employees of the Company on exercise of options vested on April 12, 2009 in accordance with KLG Employee Stock Option Scheme, 2005. 2) Resolved to re-appointment of Mr. Kumud Goel as Managing Director for a period of 5 years w.e.f. October 01, 2009.

Klg Systel Ltd. has informed the Exchange that the Board of Directors at its meeting held on January 23,2009 have approved in principle the proposal to explore the opportunity to buyback its outstanding Foreign Currency Convertible Bonds (FCCBs) aggregating USD 16 million either out of its Internal Accruals through approval route or out of Foreign Currency funds raised through ECBs under Automatic Route, subject to the prevailing market condition and availability of funds. The approval of the Board is subject to the compliance of the Reserve Bank of India ('RBI') Guidelines prescribed under

Klg Systel Ltd. has informed the Exchange that the Board in its meeting held on July 28, 2008 transacted inter alia following businesses: (1) Approve the alteration of Articles of Association of the Company by insertion of article permitting Buy back of shares by the Company. (2) Approve the Postal Ballot Notice for seeking shareholders approval for alteration of Articles of Association of the Company.

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on April 16, 2008, has resolved as follows: (1) Transfer of the Power Systems Solution (PSS) division of the Company to KLG Power Limited, a subsidiary of the Company in which the Company holds 99% of the share capital, as a going concern by way of a slump sale, subject to the shareholders approval and other approvals under applicable laws and contract with third parties, with effect from April 1, 2008;.(2) Make an investment in KLG Power Limited up to an amount of Rs. 125 crore;(3) Obtain

Klg Systel Ltd. has informed the Exchange vide its letter dated March 29, 2008 that "The Board of Directors of the Company in its meeting held on today, i.e. March 29, 2008 have resolved to allot 5,35,000 (Five Lacs Thirty Five thousand only) shares to the promoters of the Company namely Sh. Kumud Goel, Smt. Upasana Goel, Smt. Ritu Goel, Smt. Pushap Lata Goel and M/s KLG Computers Private Limited in accordance with the special resolution of EGM held on January 5, 2007, arising after conversion of 5,35,000 warrants out of the total of 10,70,000 earlier allotted in the meeting of board of direct

Klg Systel Ltd. has informed the Exchange that the Board in its meeting held on January 14, 2008 transacted inter alia following businesses: 1) Allotment of 1200 fully paid up shares of Rs.10/- each at a premium of Rs.109.58 per share for cash to employee of the Company on exercise of options granted on April 12, 2006 in accordance with KLG Employee Stock Option Scheme, 2005. 2) Allotment of 327750 fully paid up shares of Rs.10/- each at a premium of Rs.390/- per shares upon conversion of FCCBs to the bondholders on exercise of options by the Bondholders.

Klg Systel Ltd. has informed the Exchange that the Board Meeting of the Company was held on May 07, 2007. Further, the Company have paid an interim dividend on equity shares @25.00% on 10,782,900 equity shares of Rs.10 each fully paid up which is the final dividend for the year.

Klg Systel Ltd. has informed the Exchange on January 17, 2007 that "the Board of Directors of the company in its meeting held on today, i.e. January 17, 2006 at Gurgaon had passed the resolutions for Allotment of 10,70,000 (Ten Lacs Seventy Thousand only) warrants to the promoters of the company on Preferential basis @ Rs. 261/- per warrant convertible at the option of the warrant holder into equity shares of Rs. 10/- each at a premium of Rs. 251/- per share, which is arrived at in accordance with Chapter XIII of SEBI (DIP) guidelines on Preferential issues, which was earlier approved by the s

Klg Systel Ltd. has informed the Exchange that "the Board its meeting held on today, January 08, 2007 had taken on record the unaudited Quarterly results of the Company for the Quarter ended on December, 31, 2006 after review by Audit Committee and limited review of auditors. The Board in its meeting held on today also considered to raise funds upto US $ 25 Million from Overseas /Domestic market by issue of ADR/GDR/FCCB or other financial instruments, subject to the approval of the shareholders of the Company in its Extra Ordinary General Meeting scheduled to be held on February 10, 2007."

Klg Systel Ltd. has informed the Exchange that: "The Board of Directors of the company in its meeting held on Today, i.e. December 05, 2006 at Gurgaon had resolved to allot 10,70,000 (Ten Lacs Seventy Thousand only) warrants to the promoters of the company on Preferential basis @ Rs.261/- per warrant convertible at the option of the warrant holder into equity shares of Rs.10/- each at a premium of Rs 251/- 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

Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on May 23,2006 had passed the following resolutions : 1) Allotment of 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, which was earlier approved by the shareholders in its EGM held on May 11,2006. 2) Decision re

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 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 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 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 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