DSQ board to seek shareholder nod for restructuring

Our eFE Bureau in Chennai

The board of directors of DSQ Software Ltd, at its meeting held on Monday, has approved obtaining a postal ballot from the members seeking their approval for restructuring the company.

The approval is being sought from the members of the Company for an enabling resolution, according to information posted on the Bombay Stock Exchange Website.

Only after the shareholders approval, the company is expected to proceed further with its restructuring exercise.

The company will be engaging the services of professionals to restructure the business to achieve the stated objectives of the company, according to information from the stock exchange’s website.

Once the restructuring recommendations are received, the same will be reviewed and implemented if found beneficial to the interests of the company.

Meanwhile, the board has also decided to extend the current financial year upto 15 months ending March 31, 2002.