DSQ HIKES ESOP SCHEME LIMIT TO 10% OF EQUITY
Article Abstract:
DSQ Software (DSQS) of Chennai has passed a special resolution at its annual general meeting to increase the limit under its proposed Employees Stock Option Plan (ESOP) from 5 percent to 10 percent of the total issued capital. DSQS has increased the limit since the government plans to increase the limit as per the recommendations of the Varma Committee. The ESOP will be implemented as per the guidelines issued by the Securities and Exchange Board of India. DSQS has a paid-up equity capital of Rs20.25 crore. (vv)
Comment:
Proposes to increase limit under proposed Employees Stock Option Plan from 5% to 10% of total issued capital
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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BFL SOFTWARE GROWS 322.6%
Article Abstract:
BFL Software (BS) posted a growth of 91 percent in its sales and 322.64 percent in net profit in the first half of 1998-99. Its total income increased to Rs47 crore (Rs24.59 crore in the first half of 1997-98). Its net sales were Rs46.43 crore (Rs24.31 crore). Its gross profit was Rs15.54 crore. Its net profit was Rs11.20 crore. Its total expenditure was Rs31.46 crore (Rs19.54 crore). Its interest was Rs57.13 lakh (Rs1.35 crore). It has projected sales of Rs100 crore in 1998-99. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RAFFLES SOFTWARE HIKES EQUITY BASE
Article Abstract:
Raffles Software Pvt Ltd, the wholly-owned software development subsidiary of the Thakral Group of Singapore, has raised its equity from Rs8 crore to Rs11 crore. It is into its first full year of operations and it expects to break even in 1998-99 with sales of Rs15 crore. It expects to make a profit in 1999-2000. It now has 20 orders on hand. (tsm)
Comment:
Raffles Software Pvt Ltd, the wholly-owned software development subsidiary of the Thakral Group of Singapore, has raised its equity from Rs8 crore to Rs11 crore.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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