Luminaire Technologies' board meeting on December 23, 2014

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Luminaire Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 23, 2014, inter alia, to transact the following:1. To hold majority stake in SPV of cable business with Blueprint Data and to launch 2 products, namely, Service Internet Parental Control and Security, Internet Filtering and Security of Business used for small and medium business, library and school. Further Blueprint Data is in OEM web site URL Content Filtering technologies and services offering the only Zero False Positive Guarantee available,2. To hold substantial stake in M/s. United Media Works Pvt. Ltd. The Company will acquire majority stake of United Media Works Pvt. Ltd. (UMW) which will be used in Cinema with an aim to support the growth of media and entertainment industry with saleable technology based products and services. Further, UMW has developed its proprietary technology product digital cinema server jointly with Software Labs Inc - USA.The products will help the Company to achieve presence for 160 screen as on date and help its vision to reach 1000 screens during one year and the Company has started discussion with various clients for implementing the above technology at mass scale.To achieve the above goals, the Company will avail guidance of key officials and propose to.3. To appoint Mr. Sanjiv Mohan Gupta as Managing Director (subject to approval of the share holders in the General Meeting).4. To appoint Mrs. Sapna Gupta and Mr. Dilip Chabria as Whole Time Directors (subject to approval of the share holders in the General Meeting).Source : BSE

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