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Announcement:
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Prism Informatics Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded to the following:
1. M/s E. A. Patil & Associates, Chartered Accountants, have been appointed as Auditors of the COmpany in place of retiring Auditors M/s P. B. Tikait & Co., Chartered Accountants.
2. The Company has authorised the Board of Directors of the Company to borrow funds in excess of the limits mentioned under Section 293(1)(d) of the Companies Act, 1956 upto Rs 40 crores.
3. The Company has authorised the Board of Directors for making inter-corporate investments in excess of the limits mentioned under Section 372A of the Companies Act, 1956 upto 400% of the aggregate of the Company's paid up capital and free reserves of the Company.
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