Hacked by islam_Bey imhatimi.org

Bartronics India Ltd has informed BSE about the following:

1. Bartronics India Ltd announces tie-up with LG Electronics of USA for their IRIS recognition technology and products. The agreement allows Bartronics to deploy LG IrisAccess as part of its solutions in Europe, Africa and Middle East and South Asia (including India and Singapore).

2. Bartronics America Inc, a wholly owned subsidiary of Bartronics India Ltd., bags a pilot project with Comic-Con International, a Company based at San Diego, California for deployment of its patented RFID wristband product.

Bartronics India Ltd has informed BSE that the Company, a leading provider of solutions based on ATDC technologies in India has emerged as the lowest bidder in the Bhamashah Financial Empowerment Scheme of the Government of Rajasthan, bids for which were opened on May 16, 2008. Under the scheme, the government intends covering about 50 lakh families through Biometrically identifiable Smart Cards, providing them with financial relief through a financial inclusion process.

The project valued at about Rs 150 crores is one in a series of financial inclusion initiatives announced by the Finance Minister during his recent budget speech. Similar initiatives are underway in West Bengal, Bihar and some other states across the country.

Bartronics India Ltd has informed BSE that “Bartronics America Inc.”, a wholly owned subsidiary of Bartronics India Ltd has been granted a patent (Ref No. 20060187065) by the US Patents Office last week, for the design and manufacturing process of a non-reusable tamper resistant identification device. The device can be used in the form of a wristband or bracelet and is useful for cash less transaction systems linked to credit / debit card systems”.

Bartronics India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2008, has accorded its approval for exercising the options of 5,60,000 equity shares against 70% of 8,00,000 equity shares of the Company granted under the ESOS-2007 to the employees of the Company.

Bartronics India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2008, has accorded its approval for allotment of 46,30,000 equity shares against compulsorily convertible warrants issued by the Company on March 08, 2007 on preferential allotment.

Bartronics India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 25, 2008 inter alia, have accorded the following:

1. The Board of Directors of the Company (”the Board”, which term shall be deemed to include any Committee including the Compensation Committee constituted by the Board to exercise its powers, including the powers conferred by this resolution) to amend the vesting schedule to enable 100% vesting at the end of the first year for the stock options granted by the Company to the employees under ESOS 2007, subject to necessary provisions & approvals.

2. Authority to the Board to implement the proposed Employees Stock Option Scheme-2008 (ESOS 2008) whose main features are provided in the Explanatory Statement and to create, offer, issue and allot in various tranches, under the said proposed ESOS-2008, at any time during the currency of the proposed ESOS-2008 to or for the benefit of employees, who are in permanent employment, including Directors and employees of the subsidiary Companies situated either in India or outside India, of the Company, whether working in or outside India, such number of equity shares arising on exercise of options issued under the said proposed ESOS-2008 and/or equity linked instruments including options and / or any other instrument or securities which could give rise to the issue of equity shares (”Securities”) of the Company, not exceeding 2,81,951 (Two lakhs eighty one thousand nine hundred and fifty one only) Options in aggregate where one option is exercisable into one equity share of the Company at such exercise price and on such terms and conditions as may be fixed or determined by the Board in accordance with the Guidelines or other applicable provisions of the law as may be prevailing at that time, subject to necessary provisions & approvals.

3. Authority to the Board to implement the proposed Employees Stock Option Scheme-2008 (ESOS 2008), to create, offer, issue and allot in various tranches, under the said proposed ESOS-2008, at any time during the currency of the proposed ESOS-2008 to or for the benefit of employees, who are in permanent employment, including Directors and employees of the subsidiary Companies situated either in India or outside India, of the Company, whether working in or outside India, such number of equity shares arising on exercise of options issued under the said proposed ESOS-2008 and / or equity linked instruments including options and / or any other instrument or securities which could give rise to the issue of equity shares (”Securities”) of the Company, not exceeding 3,18,049 (three lakhs eighteen thousand and forty nine only) Options in aggregate (exceeding 1% of the issued and paid up equity share capital of the Company) where one option is exercisable into one equity share of the Company at such exercise price and on such terms and conditions as may be fixed or determined by the Board in accordance with the Guidelines or other applicable provisions of the law as may be prevailing at that time, subject to necessary provisions & approvals.

4. Authority to the Board to implement the proposed Employees Stock Option Scheme-2008 (ESOS 2008), to create, offer, issue and allot in various tranches, under the said proposed ESOS-2008, at any time during the currency of the proposed ESOS-2008 to or for the benefit of employees, who are in permanent employment, including Directors and employees of the Company whether working in or outside India, such number of equity shares arising on exercise of options issued under the said proposed ESOS-2008 and / or equity linked instruments including options and / or any other instrument or securities which could give rise to the issue of equity shares (”Securities”) of the Company, not exceeding 3,50,000 (Three lakhs fifty thousand only) Options in aggregate where one option is exercisable into one equity share of the Company at such exercise price and on such terms and conditions as may be fixed or determined by the Board in accordance with the Guidelines or other applicable provisions of the law as may be prevailing at that time, subject to necessary provisions & approvals.

5. Revision of remuneration of Shri. Sudhir Rao, Managing Director with effect from January 01, 2008 to December 31, 2008 on terms & conditions.

Bartronics India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 09, 2008, has accorded its approval for exercising the options of 80,000 equity shares against 10% of 8,00,000 equity shares of the Company granted under the ESOS-2007.