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Moneycontrol.com >> Message Board >> View Messages >> IEC Software
   You are here :     Moneycontrol     MMB    Stocks      IEC Software                         Most active discussions of 2006 , 2007 & 2008
strong intent (1)   05-Jul-08 11:19Tracked by (0)  
Posted by:   jasavi on ( 05-Jul-08 11:19 )
Price : BSE: Rs 58.35 ( 1.92 % )
worse case . will stabilise at 38

This is one company, if given a chance I would prefer to sell all my asset and buy.....just look at how these guys planned from Dec'07 till now and if they really perform as promised, then what Jasavi is saying will come true....if it is able to acheive 10-20% of educomp Mcap then also it will be 10times from now....Wow!!!

Dec’07 –

EC Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 17, 2007 has resolved to set up two subsidiary companies of the Company to run business in the field of education by setting up of schools and colleges.

Jan’08 –
1. The proposed allotment of Warrants convertible into Equity Shares to the persons belonging to promoter / Non Promoter category. – 70 Lakhs @ Rs30/- [21Cr]
2. Adjustment of accumulated losses.
3. Formation of overseas subsidiary.
4. Appointment of additional directors.
Mar’08 – Warrants approved.
Promoter group:
i. R L Gupta: 1738000 No of Warrants
ii. Sharda Gupta: 1738000 No of Warrants
2. Non Promoter Group:
iii. Rajender Bhushan: 10,29,000 No of Warrants
iv. Vikram Badhwar: 6,65,000 No of Warrants
v. Ashok Sharma: 6,65,000 No of Warrants
vi. Sakshi Sharma: 1,65,000 No of Warrants
vii. Balkishan Saraf: 10,00,000 No of Warrants

Jan’08 –
1. Private Placement of 70,00,000 warrants, each warrant convertible into one equity share to the Promoters and Non Promoter group @ Rs 30/- for overall amount not exceeding Rs 21,00,00,000 (including premium).
2. To set off Profit and Loss Account debit balance of Rs 15,23,80,369.77 as appearing in the balance sheet as on March 31, 2007 against, the following: The capital Reserve to the extent of Rs 5,282,000; The Share Premium Account to the extent of Rs 140,994,000 and; The General Reserve Account to the extent of Rs 6,104,370.

Mar’08 –

Acquisition and merger Of VEF Information Systems Pvt Ltd, a Company providing various educational and support services to certain private educational institutes in North India, providing engineering and management education to students at graduate and post-graduate levels.
IEC is keen in exploring the organic as well as inorganic initiatives to expand in the field of Education and thus is willing to acquire VEF since VEF already has a good client base.
The acquisition shall be done by way of merging VEF with IEC.

Apr’08 –
1. To Change Main Objects of the Company. – It seems like from Software to Educations.
2. To change Name of the Company. – Name change will give better visibility. Like BCC finance got its name changed and became multibagger.

May’08 –
1. Tie up with Vocational Education Trust to run and manage a School and College at Alwar. – Since promoters are same for IEC and VET, hence sooner or later they will try to merge it along.


Posted By Guest

good analysis guest
will be good if you can post after signing in so that we can have meaningful debates

Also , 1 thing you forgot is 4% of dalalstreet model portfolio

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