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| Exchange Disseminated Time | With reference to the earlier announcement regarding Outcome of Board Meeting held on October 13, 2013, Four Soft Ltd has submitted to BSE a copy of Clarification with respect to Capital Reduction Scheme.
"1. After paying the Dividend and Taxes the Company proposes to retain INR 25 crores for ongoing businesses and use the balance/surplus of INR 56 Crores for Capital Reduction Scheme
2. The Company proposes to reduce only 50% of the Capital / 50% of the shares outstanding by paying a value of INR 29/- per share.
3. Capital Reduction Scheme by Court proceedings is expected to take about 6 months.
4. A separate Record Date will be set for Capital Reduction Scheme.
5. The balance 50% of the shares will remain at a face value of INR 5/- per share". |
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