FCS Software Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 18, 2008, has considered and approved the allotment of 1,57,730 equity shares under Employees Stock Option Scheme 2005.
In view of current market condition proposed allottees of preferential allotment have shown their unwillingness for subscription of 25,00,000 Convertible Warrants of the Company which was taken on record by the Board.
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