Polaris Consulting & Services (Delisted) share news and announcements

Jan 2007

• 22 Jan · Dividend

  Board of Directors at their meeting held on January 22,2007 have recommended an interim dividend of Rs.1.00 per share (20%).

• 18 Jan · News Verification

  News Verification : The media had reports that Citibank along with its various arms may offload over 40% stake in Polaris Software Lab Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Polaris Software Lab Limited has vide its letter inter-alia stated, "We wish to bring to your notice that the said news is neither from our company nor from any of our authorized representatives. We deny the said news."

• 11 Jan · Board meeting

  To consider inter-alia the following: (i) approval and taking on record the audited Financial Results of the Company for the third quarter ended December 31,2006; and (ii) declaration of interim dividend on the equity share capital of the Company.

• 9 Jan · Management

  Mr. Nanoo G Pammani, Director of the Company has resigned from the directorship of the Company w.e.f. January 01, 2007. Consequent to the resignation of Mr. Pammani, the Directorate of the Company will be as under:- (1) Mr. Arun Jain - Chairman & Managing Director. (2) Mr. Abhay Agarwal - Non-Independent Director. (3) Mr. Ajit Bhushan - Non-Independent Director. (4) Mr. Anil Khanna - Non-Independent Director. (5) Mr. Arvind Kumar - Independent Director. (6) Dr. Ashok Jhunjhunwala - Independent Director. (7) Mr. R. C. Bhargava - Independent Director. (8) Mr. Satya Pal - Independent Director. (9) Mr. Raju Venkatraman - Independent Director. Except Mr. Arun Jain, all other Directors are Non-Executive Directors.

• 4 Jan · Business

  Media release, dated January 04, 2007, titled "Global Top 10 Bank buys Polaris' IntellectTM Platform." The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.