Mindtree Announces Results of Postal Ballot and Fixes Date for 1:1 Bonus Shares

Mindtree, a global technology services company, today announced the results of the postal ballot for issuance of bonus shares, power to borrow and related resolutions.  The company is happy to confirm that all the resolutions were approved by Shareholders with an overwhelming majority.

Pursuant to this, the record date to determine the Shareholders who are eligible to receive the bonus shares has been fixed as June 4, 2014.   For Shareholders, whose shares are held in dematerialized form, the bonus shares will be credited to their account on or before June 9, 2014 and such shares can be traded on or before June 14, 2014.  For Shareholders who hold their shares in physical form, share certificates would be sent to them in due course, within the applicable timelines.

Earlier, the Board of Directors at their meeting held on April 16, 2014 recommended the following:

·        Increase in Authorised Share Capital

·        Issuance of bonus shares

·        Power to borrow

·        Power to mortgage assets

Pursuant to this, the Company sought approval of Shareholders for the above resolutions.  The voting process is complete and the scrutinizer appointed for this purpose has given his report with the final results.  The Company is happy to confirm that all the resolutions have been passed with an overwhelming majority.