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Mindtree announces the results of the postal ballot and fixes record date for 1:1 issue of bonus shares

Bangalore (India) and Warren (NJ), May 23, 2014: 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 confirms that all the resolutions were approved by shareholders with an overwhelming majority.

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 holding their shares in physical form, share certificates will 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, Mindtree sought shareholder approval for the above resolutions. The voting process is complete and the scrutinizer appointed for this purpose has submitted a report with the final results. The Company is happy to confirm that all the resolutions have been passed with an overwhelming majority.

About Mindtree

Mindtree [NSE: MINDTREE] delivers technology services and accelerates growth for Global 1000 companies by solving complex business challenges with breakthrough technical innovations. Mindtree specializes in e-commerce, mobility, cloud enablement, digital transformation, business intelligence, data analytics, testing, infrastructure, EAI and ERP solutions. We are among the fastest growing technology firms globally with more than 200 clients and offices in 14 countries.

We deliver amazing results: Helping 100 million passengers fly safely. Improving security and performance for one of the world’s largest e-commerce stores. Unifying brand messaging and improving engagement for one billion consumers. For Mindtree, “Welcome to possible” is more than a slogan - it reflects our approach for every engagement.

Visit us at www.mindtree.com.

For more information, contact:

Debi Senapati
Mindtree
+91 99805 56784
Debi.senapati@mindtree.com
Siddhartha Tanti
Genesis Burson-Marsteller
+91 99863 62435
Siddhartha.Tanti@bm.com