| 1. GENERAL INFORMATION:
Info-Drive Software Limited (the Company) is a juristic person
incorporated under the Companies Act, 1956. The address of its
Registered Office and principal place of business is Buhari Buildings,
No.3, Moores Road, Chennai - 600 006. The principal activities of the
Company are development of computer software, business process
outsourcing (BPO), hardware and software consultancy services. The
Company is a software exporter registered under Software Technology
Parks of India (STPI).
2. Equity Shares:
The company has one class of equity shares having a par value of
Rs.10/- each. Each share holder is eligible for one vote per share
held. In the event of liquidation, the equity share holders are
eligible to receive the remaining assets of the company after
distribution of all preferential payments, in proportion to their
shareholding.
The company has issued 91, 0 coupon Foreign Currency Convertible Bonds
(FCCB) of USD 1,00,000 each aggregating to USD 9.1 Million at par on
12.12.2014. These bonds are convertible at the option of bond-holders
into equity shares of Re.1/- each fully paid up at the conversion price
of Re.1/- per share, subject to the terms of issue, with a fixed rate
of exchange of Rs.60.09 equal to USD 1 at any time after 12.12.2014 and
prior to the close of business on 12.12.2019.
During the year 18 FCCBs of USD 1,00,000 each aggregating to USD 1.8
Million were converted into 10,81,62,000 equity shares of Re.1/- each.
Unless earlier converted, the remaining bonds are redeemable at
maturity on 12.12.2019.
3. Quantitative information:
The quantitative information as required to be disclosed under
paragraph 3 & 4 of Part II of Schedule VI of the Companies Act, 1956,
have not been given pursuant to the exemption given under the
notification dated 8th February 2011 issued by the Ministry of
Corporate affairs, Government of India.
4. The figures for the current year and previous year have been
rounded off to the nearest lac.
5. Previous year figures have been rearranged or regrouped wherever
necessary to conform to current year's classification.`
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