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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) – March 1, 2016 – Mindtree, a leading digital transformation and technology services company, announced the results of the postal ballot for the resolutions of issuance of bonus shares, appointment of Rostow Ravanan as CEO & Managing Director and appointment of Krishnakumar Natarajan as Executive Chairman. The Company confirms that all the resolutions were approved by shareholders with requisite majority.

The record date to determine the shareholders who are eligible to receive the bonus shares has been fixed as March 10, 2016. For shareholders whose shares are held in dematerialized form, the bonus shares will be credited to their account and will be available for trading on or before March 18, 2016. For shareholders holding their shares in physical form, share certificates will be sent to them in due course, within the statutory timelines.

Earlier the Board of Directors of the Company at their meeting held on January 18, 2016 recommended the following:

  • Issuance of Bonus Shares;
  • Appointment of Rostow Ravanan) as CEO & Managing Director;
  • Appointment of Krishnakumar Natarajan as Executive Chairman.

Pursuant to this, Mindtree sought shareholders 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 requisite majority.

About Mindtree

Mindtree [NSE: MINDTREE] delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. “Born digital,” Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visit www.mindtree.com to learn more.

For more information, contact:

INDIA
Debi Senapati
Mindtree
+91 99805 56784
Debi.senapati@mindtree.com
UNITED STATES
Andrea Dunbeck
Matter Communications
978-518-4555
adunbeck@matternow.com
EUROPE
Imogen Nation
Hotwire
004420 7608 4675
imogen.nation@hotwirepr.com