Southern Infosys Limited, a prominent company in the IT consulting and services sector, has announced the key decisions made during its Board Meeting held on March 25, 2025. The meeting, which commenced at 1:00 PM and concluded at 2:00 PM, took place at the company's registered office located at #402-A, Arunachal Building, 19 Barakhamba Road, New Delhi. The decisions discussed in the meeting are significant as they pertain to the company’s future operations, shareholder decisions, and corporate governance structure.

Key Decisions from the Board Meeting

1. Change of Company Name: The Board of Directors has approved the change of the company’s name from Southern Infosys Limited to Southern InfoConsultants Limited. This change is subject to approval by the company’s shareholders and the Central Government. The name change reflects the company’s evolving focus and strategic direction in the consulting and IT services domain. The approval process will proceed with necessary filings and communications with the relevant regulatory authorities.

2. Alteration of Memorandum and Articles of Association: As part of the name change process, the Board has approved the alteration of the relevant clauses of the company’s Memorandum of Association (MOA) and Articles of Association (AOA). This alteration is essential to align the company’s corporate documents with its new name and ensure that the company’s operations continue smoothly under the new brand identity. The changes will be subject to approval by the company’s members at the Extraordinary General Meeting (EGM) to be held on April 22, 2025.

3. Extraordinary General Meeting (EGM): The company has scheduled an Extraordinary General Meeting (EGM) on April 22, 2025, at 1:00 PM. The EGM will be conducted via video conferencing (VC) and other audio-visual means (OAVM), allowing shareholders to participate remotely. During this meeting, shareholders will be asked to approve the proposed name change and the alterations to the MOA and AOA.

4. Appointment of Scrutinizer: The company has appointed Mr. Nitin Bhatia as the Scrutinizer for the EGM. Mr. Bhatia will oversee the voting process to ensure that it is conducted in a fair and transparent manner. This move is part of the company's ongoing commitment to corporate governance and ensuring that all shareholder decisions are made with full transparency and accountability.

5. Record Date and E-voting Details: The record date for determining the shareholders eligible to vote in the EGM is set for April 15, 2025. The e-voting period will commence on April 19, 2025 at 09:00 AM and conclude on April 21, 2025 at 05:00 PM. Shareholders who wish to cast their votes electronically can do so during this period, which will facilitate easy participation in the decision-making process.

Shareholder Involvement in Key Decisions

The decisions made by the Board of Directors are subject to the approval of the company’s members (shareholders), particularly the proposed name change and amendments to the MOA and AOA. The EGM will provide shareholders with an opportunity to discuss these proposals and cast their votes, either electronically or during the meeting.

The e-voting process ensures that even shareholders who are unable to attend the meeting in person can still participate in the voting process, promoting a more inclusive approach to corporate decision-making. By setting the record date and defining the e-voting period, Southern Infosys Limited ensures that all eligible shareholders have a fair opportunity to vote on these important matters.

Company’s Focus on Corporate Governance

Through these initiatives, Southern Infosys Limited reaffirms its commitment to strong corporate governance and transparency in its operations. The company is making these changes to reflect its strategic growth and adapt to the evolving business landscape. By engaging shareholders in key decisions and ensuring full compliance with SEBI regulations, the company aims to build trust and confidence among its investors and stakeholders.

Conclusion

The Board Meeting outcome on March 25, 2025 marks an important milestone for Southern Infosys Limited as the company embarks on a rebranding initiative that will see its name change to Southern InfoConsultants Limited. The EGM on April 22, 2025, will be crucial in obtaining the necessary shareholder approval for this change and other related amendments to the company’s corporate documents. The e-voting facility and Scrutinizer appointment ensure a transparent and efficient voting process, reinforcing the company’s commitment to good governance and shareholder engagement.

Southern Infosys Limited continues to make strides towards enhancing its operations and shareholder value while ensuring regulatory compliance and maintaining a transparent governance structure.

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