PGSL - Powersoft Global Solutions

Powersoft Global achieves 105% growth due to expanding RFID business - 24th Febuary 2011
Powersoft Global Solutions Ltd has informed BSE regarding 'Powersoft Global achieves 105% growth due to expanding RFID business'

Financial Results for Dec 31, 2010– 14th Febuary 2011
Powersoft Global Solutions Ltd has informed BSE about the Financial Results for the Quarter ended December 31, 2010.

Allotment of Equity Shares as Bonus Issue – 29th December 2010
Powersoft Global Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 29, 2010, has made allotment of 22,583,799 Equity shares of Rs. 10/- each as bonus issue to the shareholders whose names were appearing in the Register of Members as on record date i.e. December 28, 2010.

Fixes Record Date for Bonus Issue – 15th December 2010
Powersoft Global Solutions Ltd has informed BSE that the Board of Directors of the Company has fixed up a record date as December 28, 2010 for the purpose of issue of bonus equity shares in the ratio of 1:1.

Result of Postal Ballot – 8th December 2010
Powersoft Global Solutions Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the following resolutions, with requisite majority :

1. Pursuant to Section 81 of the Companies Act, 1956 for issue of Bonus Equity Shares.

2. Pursuant to the Section 16, 31 & 94 and all other applicable provisions for increase in the Authorized Share Capital from Rs. 25 Crores to Rs. 46 Crores and consequent alteration in the Memorandum of Association and Articles of Association of the Company.

Financial Results for Sep 30, 2010 – 24th November 2010
Powersoft Global Solutions Ltd has informed BSE about the Financial Results for the Quarter ended September 30, 2010.

Notice of Postal Ballot – 9th November 2010
Powersoft Global Solutions Ltd has informed BSE that the members of the Company will consider to approve the resolutions by way of Postal Ballot.

Results Press Release – 27th October 2010
Powersoft Global Solutions Ltd has informed BSE regarding a Press Release dated October 27, 2010 titled 'Powersoft Global achieves 130% growth due to expanding RFID business'.

Consolidated Financial Results for Sep 30, 2010 – 27th October 2010
Powersoft Global Solutions Ltd has informed BSE about the Consolidated Financial Results for the Quarter ended September 30, 2010.

Cessation of Director – 23rd October 2010
Powersoft Global Solutions Ltd has informed BSE that Mr. U. Sampath Kumar, Director has ceased to be Director of the Company due to his resignation due to health reason.

Powersoft Global receives Rs. 325 Lakhs order for its RFID library solution – 20th October 2010
Powersoft Global Solutions Ltd has informed BSE regarding a Press Release titled 'Powersoft Global receives Rs. 325 Lakhs order for its RFID library solution'

Powersoft Global launches new cost-effective RFID solution for the SME sector – 18th October 2010
Powersoft Global Solutions Ltd has informed BSE regarding 'Powersoft Global launches new cost-effective RFID solution for the SME sector'

Powersoft Global wins order of US$ 1.8 million for RFID products – 5th October 2010
Powersoft Global Solutions Ltd has informed BSE that Powersoft Global wins order of US$ 1.8 million for RFID products.

Powersoft Global launches its end-to-end RFID solution for libraries – 23rd September 2010
Powersoft Global Solutions Ltd has informed BSE regarding Press Release titled 'Powersoft Global launches its end-to-end RFID solution for libraries'

Outcome of AGM
Powersoft Global Solutions Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 15, 2010, inter alia, have transacted the following businesses:

1. Balance Sheet and Profit & Loss Account for the period ended March 31, 2010 along with Directors Report and Auditors Report thereon have been approved and adopted by the shareholders.

2. Dr. Y. Lingaraju and Mr. Prithviraj K. K., have been reappointed as directors of the Company.

3. H. C. Gulecha & Co., Chartered Accountants have been re-appointed as Auditors of the Company.

Revised Financial Results for Jun 30,
With reference to earlier "Financial Results for Jun 30, 2010" Powersoft Global Solutions Ltd has informed BSE that due to an inadvertent error, the Development Cost (Including Outsourcing) has been mistakely notified in the item Purchase of Traded Goods. The Company hereby resubmit the results by rectifying the same and correcting the figures for the relevant categories.

Financial Results for Jun 30, 2010
Powersoft Global Solutions Ltd has informed BSE about the Financial Results for the Quarter ended June 30, 2010.

Fixes Book Closure for AGM
Powersoft Global Solutions Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 14, 2010 to September 15, 2010 (both days inclusive) for the purpose of 17th Annual General Meeting (AGM) of the Company to be held on September 15, 2010.

Financial Results for Mar 31, 2010
Powersoft Global Solutions Ltd has informed BSE about the Financial Results for the Quarter ended March 31, 2010.

Disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992
Powersoft Global Solutions Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE:

Disclosures under Reg. 7(3) of SEBI (SAST) Regulations, 1997
Powersoft Global Solutions Ltd has submitted the disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Updates on Outcome of Board Meeting
With reference to earlier announcement regarding Updates on Outcome of Board Meeting, Powersoft Global Solutions Ltd has now informed BSE that in the said letter also figure of number of shares allotted was wrongly mentioned as 49,92,500 instead of 49,82,500 shares. There was a typographical error.

The Board has considered the proposal for conversion of 50,50,000 warrants into 50,50,000 equity shares of Rs. 10/- each out of 1,07,50,000 Warrants issued to promoter & strategic investors on November 30, 2009 and actually made allotment of 49,82,500 equity shares by converting 49,82,500 convertible share warrants out of remaining 50,50,000 share warrants.

Updates on Outcome of Board Meeting
With reference to the earlier announcement dated June 04, 2010, about conversion of warrants and allotment of shares made by the Board in its meeting held on June 04, 2010, Powersoft Global Solutions Ltd has now informed BSE that in the said letter, number of shares allotted were inadvertently mentioned as 50,50,000 instead of 49,92,500 shares.

The Company has submitted to BSE the revised update as under: - The Board has considered the proposal for conversion of 50,50,000 warrants into 50,50,000 equity shares of Rs. 10/- each out of 1,07,50,000 Warrants issued to promoter & strategic investors on November 30, 2009 and actually made allotment of 49,92,500 equity shares by converting 49,92,500 convertible share warrants out of remaining 50,50,000 share warrants.

Outcome of Board Meeting
Powersoft Global Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 04, 2010, has considered the proposal for conversion of 50,50,000 warrants into 50,50,000 equity shares of Rs. 10/- each out of outstanding 50,50,000 Warrants issued to promoter & strategic investors on November 30, 2009. The Board has made allotment of 50,50,000 equity shares.

Board Meeting on Jun 04, 2010
Powersoft Global Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 04, 2010, inter alia, to consider conversion of warrants and allotment of equity shares arising out of said conversion of warrants.

Consolidated Financial Results for Mar 31, 2010
Powersoft Global Solutions Ltd has informed BSE about the Consolidated Financial Results for the Quarter & Year ended March 31, 2010.

Outcome of Board Meeting
Powersoft Global Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2010, inter alia, has considered the proposal for conversion of 57,00,000 warrants into 57,00,000 equity shares of Rs. 10/- each out of 1,07,50,000 Warrants issued to promoter & strategic investors on November 30, 2009.

Board Meeting on May 21, 2010
Powersoft Global Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 21, 2010, inter alia, to consider conversion of warrants and allotment of equity shares arising out of said conversion of warrants.

Published Audited Results
Powersoft Global Solutions Ltd has informed BSE that the Company will submit the Audited Financial Results of the Company for the period ended March 31, 2010, on or before May 30, 2010 instead of submitting the Unaudited Financial Results for the last quarter ended March 31, 2010.

Financial Results for Dec 31, 2009
Powersoft Global Solutions Ltd has informed BSE that about the Financial Results for the Quarter ended December 31, 2009.

Consolidated Financial Results for Dec 31, 2009
Powersoft Global Solutions Ltd has informed BSE about the Consolidated Financial Results for the Quarter & Year ended December 31, 2009.

Allotted Warrants to Promoter & Strategic Investors on 30th November 2009
Powersoft Global Solutions Ltd has informed BSE Based on in principle approval, the Board of Directors of our Company met today and allotted 10,750,000 Warrants for Rs.10/- each at a premium of Rs.7/- per Warrant to Promoter & Strategic Investors.

Board Meeting to be held on 30th October 2009 to consider Unaudited Financial Results for the quarter
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement Meeting of the Board of Directors of the Company is scheduled to be held on the October 30, 2009, inter alia to consider and take on record the Unaudited Financial Results of the Company for the second quarter ended September 30, 2009.

Result of Postal Ballot September 05, 2009j
Powersoft Global Solutions Ltd has informed BSE that members of the Company have approved the resolutions by way of Postal Ballot, with requisite majority.

Dispatch of Notice of Postal Ballot Relevant Date August 05, 2009 by August 07,2009
Powersoft Global Solutions Ltd has informed BSE & ROC that the Notice of Postal Ballot dispatched to all Shareholders of the Company for seeking approvals for the following:
a. Increase of Authorised Capital upto Rs.25 Crores and consequential alterations in the Memorandum and Articles of Association.
b. Issue of 120 lakhs Convertible Warrants at a price higher than that determined by SEBI DIP Guidelines to the Promoters and Strategic Investors.

Outcome of Board Meeting July 31, 2009
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement that The Board of Directors met and took on record the Consolidated Unaudited Financial Results of the Company for the Second Quarter Ended June 30, 2009 and decided to seek approvals of the shareholders by way of Postal Ballot for the following:
a. Increase of Authorised Capital upto Rs.25 Crores and consequential alterations in the Memorandum and Articles of Association.
b. Issue of 120 lakhs Convertible Warrants at a price higher than that determined by SEBI DIP Guidelines to the Promoters and Strategic Investors.

Board Meeting to be held on 31st July 2009 to consider Unaudited Financial Results for the quarter and to discuss the rising of funds
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement Meeting of the Board of Directors of the Company is scheduled to be held on the July 31, 2009, inter alia to consider and take on record the Unaudited Financial Results of the Company for the second quarter ended June 30, 2009 and to discuss the rising of funds for expansion by way of issuing Equity Shares, Convertible Warrants and any other similar instruments.

Cancellation of Warrants & Amount stands forfeited May 2, 2009
The Company has allotted 3,60,000 convertible warrants on November 02, 2007 to certain Strategic Investors, pursuant to the resolution passed by the shareholders on October 03, 2007, at a price of Rs.28/- per share. Each warrant was convertible into one Equity Share of the face value of Rs.10/-, at the option of the warrant holders, at any time prior to expiry of 18 months from the date of allotment of the warrants i.e., May 01, 2009. As the Warrant holders not exercised for conversion, accordingly the Board of Directors of Powersoft Global Solutions Ltd., met today and decided to cancel entire 3,60,000 warrants and the amount of Rs.10,08,000/- being the amount received upfront from the warrant holders @ Rs.2.80 per warrant stands forfeited, as per the terms of the issue.

Outcome of Board Meeting April 30, 2009
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement that The Board of Directors met and took on record the Consolidated Unaudited Financial Results of the Company for the First Quarter Ended March 31, 2009.

Board Meeting to be held on 30th April 2009 to consider Unaudited Financial Results for the quarter
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement Meeting of the Board of Directors of the Company is scheduled to be held on the 30th day of April, 2009, inter alia to consider and take on record the Unaudited Financial Results of the Company for the quarter ended 31st March, 2009.

Cancellation of Warrants & Amount stands forfeited April 20, 2009
Powersoft Global Solutions Ltd has submitted to BSE that The Company has allotted 26,40,000 convertible warrants on October 19, 2007 to certain Promoters & Strategic Investors, pursuant to the resolution passed by the shareholders on October 03, 2007, at a price of Rs.28/- per share. Each warrant was convertible into one Equity Share of the face value of Rs.10/-, at the option of the warrant holders, at any time prior to expiry of 18 months from the date of allotment of the warrants i.e., April 18, 2009.

As the Warrant holders not exercised for conversion, accordingly the Board of Directors of Powersoft Global Solutions Ltd., met today and decided to cancel entire 26,40,000 warrants and the amount of Rs.73,92,000/- being the amount received upfront from the warrant holders @ Rs.2.80 per warrant stands forfeited, as per the terms of the issue.

Outcome of AGM March 17, 2009
Powersoft Global Solutions Ltd has informed BSE that the Annual General Meeting of the Company was held as per schedule on 16th March 2009 and all the items of Agenda as stated in the notice were passed by the shareholders.

Update February 12, 2009
Powersoft Global Solutions Ltd has informed BSE that the Promoters of the Company have not pledged any shares to Banks or Financial Institutions.

Fixes Book Closure for AGM February 12, 2009
Powersoft Global Solutions Ltd has informed BSE that the Register of Members and Share Transfer Books of the Company will remain close on March 16, 2009 for the purpose of ensuing 16th Annual General Meeting of the Company is scheduled to be held on March 16, 2009.

Outcome of Board Meeting February 12, 2009
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement that The Board of Directors met and Approved the Consolidated Audited Accounts and the Financial Results of the Company for the period Ended December 31, 2008 (15 months).

Board Meeting to be held on February 12, 2009 to consider Audited Financial Results for the quarter and period ended
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement Meeting of the Board of Directors of the Company is scheduled to be held on the February 12, 2009, inter alia to receive, consider and adopt Audited Financial Results of the Company for the fifth quarter and period ended on December 31, 2008 (15 months), Directors' Report for the period ended on that date, convening of the AGM and closure of Share Transfer Books and Register of Members amongst other items of the Agenda.

FY 08 results by March 31, 2009, January 19, 2009
Powersoft Global Solutions Ltd has informed BSE that as informed earlier the Company has extended its financial year ending to 31st December 2008 in respect of the last quarter results (i.e. October 2008 to December 2008) company opts not to submit Unaudited Financial Results for the quarter and submit the Audited Financial Results for the entire period (15 months) with in 3 months of end of the period ending December 31, 2008 (i.e. before March 31, 2009).

Investment November 19, 2008
Powersoft Global Solutions Ltd has informed BSE that the company has invested an amount of Rs. 2.6 crores in its wholly owned subsidiary RFID Global Solutions Pvt. Ltd. formerly Concentric RF Systems Pvt. Ltd. by subscribing towards 26 lakh equity shares of the face value of Rs. 10/- each at par.

Change in Financial Year November 13, 2008
Powersoft Global Solutions Ltd has informed BSE that the Company has obtained from Registrar of Companies Karnataka, Bangalore for Extention of Financial Year ending September 30, 2008 (12 months) to December 31, 2008 (15 months).

Outcome of Board Meeting Reg. 4th Qtr Unaudited Financial Results FY 2007-08 October 30, 2008
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement The Board of Directors met and took on record the 4th Quarter Unaudited Financial Results of the Company for the Quarter Ended September 30, 2008 (i.e. July 08 to Sept. 08).

Board Meeting to be held on October 30, 2008 to consider Unaudited Financial Results for the quarter
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement Meeting of the Board of Directors of the Company is scheduled to be held on the 30th day of October, 2008, inter alia to consider and take on record the Unaudited Financial Results of the Company for the fourth quarter ended 30th September, 2008.

Outcome of Board Meeting Reg. 3rd Qtr Unaudited Financial Results FY 2007-08 July 30, 2008
Powersoft Global Solutions Ltd has informed BSE Pursuant to Clause 41 of the Listing Agreement The Board of Directors met and took on record the 3rd Quarter Unaudited Financial Results of the Company for the Quarter Ended June 30, 2008 (i.e. Apr 08 to Jun 08).

Investment July 1, 2008
Powersoft Global Solutions Ltd has informed BSE that the company has invested an amount of Rs. 3.6 crores in its wholly owned subsidiary Concentric RF Systems Pvt. Ltd. by subscribing towards 36 lakh equity shares of the face value of Rs. 10/- each at par.