Mindtree Limited, a global IT and Product Engineering Services Company, today made the following announcement to the Stock Exchanges.
The Board of Directors today has approved the declassification of Mr. Ashok Soota from the category of ‘Indian Promoters’ under all applicable statutes and classifying his residual shareholding under the category of ‘Non-Promoters/ Public Shareholding’ with immediate effect. The Board’s decision is based on the request received from Mr. Ashok Soota to declassify him as Promoter of the Company since he is no longer involved with the management of the Company after his resignation as director and employee of the Company with effect from March 31, 2011.
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Mindtree Limited is a global IT and Product Engineering Services Company with deep knowledge in specific domains. Mindtree is acknowledged as the best mid-size software services company in India for its capability to build, test and deploy solutions. The Company also places significant emphasis on culture, customer centricity and corporate governance. Mindtree is ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2010, 13th in NASSCOM’s listing of Top IT Software and Services Exporters in India (excluding BPO). In 2009, Mindtree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll. Please visit us at www.mindtree.com.