Prism Informatics Limited has informed Bombay Stock Exchange (BSE) that the members in their Extra Ordinary General meeting held on Friday, December 10, 2010 at the registered office of the Company, inter alia, approved subdivision of Equity Shares of the Company of Rs. 10/- each fully paid up into 10 Equity Shares of Re. 1 each fully paid up. Further, the members approved alteration of Memorandum of Association and Articles of Association for enabling subdivision of Shares of the Company. Accordingly, 14, 39,420 Equity Shares of Rs. 10/- each fully paid up are subdivided into 1, 43, 94,200 Equity Shares of Re. l each fully paid up. The Company has informed BSE that 7th January, 2011 is fixed as the record date and is co-coordinating with BSE and depositories for processing the subdivision.

The market price of the shares of the Company witnessed significant spurt over the last 9 months. In order to improve the liquidity of the Company’s shares in the stock market, to broaden the investor base and to make the Company’s shares affordable to small investors, the Board of directors of the Company considered its desirable to subdivide the face value per equity share of the authorized, issued, subscribed and fully paid up equity share capital.

 “We remain committed to increasing shareholder value through executing our strategic objectives of customer focus, growth, operations, excellence, and talent development. The Company believes in sharing profit with share holders and rewards their continued support.” says Alok Pathak, Managing Director.