Vakrangee Softwares Ltd

Vakrangee Softwares ranks No.1 in Aadhaar enrollment project Vakrangee Softwares has outpaced the rest of the Aadhaar enrolment agencies by enrolling residents across India and has emerged as the new leader in all the three categories namely number of Aadhaar generated, data uploaded and number of residents enrolled.

Vakrangee Softwares recommends final dividend Of Re 0.20 per equity share The board of Vakrangee Softwares in its meeting on 25 April 2013 has recommended final dividend at the rate of Re 0.20 per equity share (20%) having face value of Re 1 each.

Vakrangee Softwares to consider final dividend Board meeting on 25 April 2013 The board meeting of Vakrangee Softwares will be held on 25 April 2013 to consider & approve audited financial results of the company for the year ended 31 March 2013 and to recommend final dividend, if any. The board will also approve and enhance borrowing limits of the company and to set up restructuring committee to study, review and consider merger of Vakrangee Finserve (a 100% subsidiary of Vakrangee Softwares) with Vakrangee Softwares.

Vakrangee Softwares to set up white label ATMs VSL will set up, own and operate minimum 15000 ATMs under its own brand in 3 years timeline Vakrangee Softwares (VSL) has been granted `in-principle authorisation` by Reserve Bank of India for setting up white label ATMs (WLAs) in India. As a white level ATM operator (WLAO), VSL will set up, own and operate minimum 15000 ATMs under its own brand in 3 years timeline across the country. VSL will work in association with one or more sponsor banks who will serve as the settlement bank for settlement of all the service transactions undertaken at VSL ATMs. Also the sponsor banks will ensure adequate supply of cash at the VSL ATMs and shall facilitate redressal of failed transactions at VSL ATMs. Further, the company will be entitled to receive transaction fee from the banks for the use of VSL ATM network by the bank customers. In addition, VSL is free to earn extra revenue through advertisement and other value added services as per the regulations in force from time to time. The company made this announcement after the trading hours on 05 April 2013.

Vakrangee Softwares allots equity shares Under ESOP The committee of Vakrangee Softwares in its meeting on 16 March 2013 has allotted 303360 equity shares having face value of Re 1 each to the employees of the company as per Vakrangee Softwares ESOP scheme 2008.

Vakrangee Softwares to hold board meeting On 02 February 2013 The board meeting of Vakrangee Softwares will be held on 02 February 2013 to change the object clause in the memorandum of association of the company.

Vakrangee Softwares to announce financial results Board meeting on 14 January 2013 The board meeting of Vakrangee Softwares will be held on 14 January 2013 to consider & approve un-audited financial results of the company for the quarter ended 31 December 2012 and to consider and approve investment in the equity of CSC e-Governance Services India (CSC SPV) [formed under the auspices of the Department of Electronics and Information Technology - Government of India].

Vakrangee Softwares appoints company secretary & compliance officer With effect from 09 November 2012 Darshi Shah has been appointed as the company secretary and compliance officer of Vakrangee Softwares with effect from 09 November 2012 in place of Pratik Bhanushali, who has resigned from the designation with effect from 09 November 2012.

Vakrangee Softwares` director resigns With immediate effect The board of Vakrangee Softwares in its meeting on 10 October 2012 has accepted the resignation of K L Varma, non-executive independent director of the company with immediate effect.

Vakrangee Holdings acquires 4.57% stake in Vakrangee Softwares Through open market Vakrangee Softwares has announced that Vakrangee Holdings, one of the promoters of the company has acquired shares aggregating to 4.57% of share capital of the company through open market during the period from 10 September 2012 to 25 September 2012. Shareholding of Vakrangee Holdings in the company including the present acquisition stands at 23.06%. Post the current acquisition, total promoters` share holding in the company stands at 34.41%.

Vakrangee Software`s subsidiary secures financial inclusion project from the Bank of Baroda Vakrangee Finserve (VFL), a wholly owned subsidiary of Vakrangee Softwares has bagged financial inclusion project from Bank of Baroda. From the project, VFL targets to achieve approximately Rs 1258 crore during the tenure of five years.

Vakrangee Softwares conferred with `CMMI Level 3` certificate Vakrangee Softwares has been awarded `CMMI Level 3` certificate and the company is now CMMI Level 3 certified company. The company has been awarded CMMI Maturity Level 3 by United States based Carnegie Mellon Software Engineering Institute (SEI). The company has already been certified with ISO 9001:2008, ISO 20000:2005 and ISO 27001:2005.

Vakrangee Softwares allots equity shares Under ESOP The committee of Vakrangee Softwares in its meeting on 03 September 2012 has allotted 1716380 equity shares having face value of Re 1 each to the employees and directors of the company as per the Vakrangee Softwares ESOP scheme 2008.

Vakrangee Softwares grants options On 20 July 2012 The committee of Vakrangee Softwares in its meeting on 20 July 2012 has granted 31,90,000 options each at Rs 20 each to the employees of the company including its subsidiaries.

Vakrangee Finserve secures financial inclusion project from State Bank of India Vakrangee Softwares has announced that Vakrangee Finserve, a wholly owned subsidiary of Vakrangee Softwares has bagged financial inclusion project from the State Bank of India. From the project, VFL targets to achieve approximately Rs 980 crore during the tenure of five years. The company made this announcement on 12 June 2012.

Vakrangee Softwares bags Rajasthan CSC Project Worth Rs 750 crore Vakrangee Softwares (VSL) has bagged the Rajasthan Common Services Centers (CSCs) project from Department of Information Technology & Communication (DoIT&C), Government of Rajasthan. The approximate value of the project is Rs.750 crore. Rajasthan Common Services Centers (CSCs) is one of the mission mode projects under National e-Governance Plan (NeGP) of Government of India. Under the scope of the work, VSL shall design, deploy and operate the CSCs along with portal, hardware and networking, to deliver all e-Governance services effectively and efficiently to the citizens of Rajashtan state. The project duration is 5 years.

Vakrangee Softwares recommends dividend Of 20% The board of Vakrangee Softwares in its meeting on 26 April 2012 has recommended dividend at the rate of Re 0.20 per share (20%) for the financial year ended 31 March 2012.

Vakrangee Softwares to announce financial results Board meeting on 26 April 2012 The board meeting of Vakrangee Softwares will be held on 26 April 2012 to consider and approve the audited financial results of the company for the year ended 31 March 2012 and to recommend final dividend, if any.

Vakrangee Softwares allots bonus shares Vakrangee Softwares has allotted 25,02,39,790 equity shares having face value of Re 1 each as bonus shares to such persons in the proportion of one new equity bonus share of Re 1 each for every one existing fully paid equity share of Re 1 each.

Vakrangee Softwares appoints CEO With effect from 05 April 2012 Vakrangee Softwares has announced the appointment of Pradeep Kumar as chief executive officer - Government Business of the company with effect from 05 April 2012.

Vakrangee Softwares` board approves sub-division of shares & bonus issue To increase authorised share capital The board of Vakrangee Softwares in its meeting on 23 February 2012 has decided to increase the authorised share capital of the company from Rs 45 crore to Rs 75 crore. The board has approved the subdivision of each existing equity shares of Rs 10 each fully paid-up into 10 equity shares of Re 1 each fully paid-up. Further, the board has approved the issuance of bonus shares in the proportion of 1 new equity bonus share of Rs 10 each for every 1 existing equity share of Rs 10 each fully paid-up by capitalization of reserve (bonus ratio 1:1).

Vakrangee Softwares to increase authorised share capital Board meeting on 23 February 2012 The board meeting of Vakrangee Softwares will be held on 23 February 2012 to consider increase in authorised share capital of the company from Rs 45 crore to Rs 75 crore.

Vakrangee Softwares allots equity shares Under ESOP The committee of Vakrangee Softwares in its meeting on 14 January 2012 has allotted 6,967 equity shares having face value of Rs 10 each to the employees of the company as per the Vakrangee Softwares ESOP Scheme 2008.

Vakrangee Softwares` director resigns With effect from 29 December 2011 The board of Vakrangee Softwares in its meeting on 07 January 2012 has accepted the resignation of Brij Kishor Gupta from the directorship of the company with effect from 29 December 2011.

Vakrangee Softwares` director resigns With effect from 29 December 2011 Vakrangee Softwares has announced that B K Gupta, non-executive director of the Company has resigned from the directorship with effect from 29 December 2011.

Vakrangee Softwares allots equity shares Under ESOP The committee of Vakrangee Softwares on 23 August 2011 for allotment of 51,968 equity shares having face value of Rs 10 each to the employees of the company as per Vakrangee Softwares ESOP Scheme 2008.

Vakrangee Softwares grants options On 12 August 2011 The committee of Vakrangee Softwares in its meeting on 12 August 2011 has granted 64,850 options at Rs 150 each to the employees of the company.

Vakrangee Softwares allots equity shares Under ESOP The remuneration and compensation committee of Vakrangee Softwares on 16 July 2011 has passed a resolution for allotment of 23,733 equity shares having face value of Rs 10 each to the employees of the company (the allottees) as per "Vakrangee Softwares Limited ESOP Scheme 2008". Post allotment of 23,733 shares of face value of Rs 10 each, the company`s issued and paid-up share capital is at 24965044 equity shares of face value of Rs 10 each amounting to Rs 24.97 crore.

Vakrangee Softwares bags UID enrollment project from Union Bank of India Vakrangee Softwares has bagged the UID (Unique Identification Project) enrollment project from Union Bank of India (UBI) for enrolling residents of India for UID. The approximate revenue from the UID enrollment for UBI and other registrar which Vakrangee is targeting to achieve is Rs 1500 crore.

Vakrangee Softwares recommends dividend Of Rs 2 per share The board of Vakrangee Softwares in its meeting on 09 May 2011 has recommended dividend at the rate of Rs 2 per share for the financial year ended 31 March 2011.

Vakrangee Softwares allots equity shares On 01 April 2011 The board of Vakrangee Softwares on 01 April 2011 has approved the allotment of 12,20,000 equity shares to NJD Holdings having face value of Rs 10 each, upon conversion of equivalent number of fully convertible warrants (FCW) issued to them on preferential basis.

Vakrangee Softwares to allot equity shares On conversion of warrants The board of Vakrangee Softwares on 25 Marc 2011 has passed a resolution for allotment of 11,50,000 fully paid equity shares to NJD Holdings having face value of Rs 10 each upon conversion of equivalent number of fully convertible warrants issued to them on preferential basis.

Vakrangee Softwares allots equity shares Under ESOP The committee of Vakrangee Softwares in its meeting on 29 January 2011 has allotted 65,348 equity shares having face value of Rs 10 each to the employees and directors of the company as per the Vakrangee Softwares ESOP Scheme 2008. Post allotment, the company`s issued and paid share capital is at 2,25,61,513 equity shares of face value of Rs 10 each amounting to Rs 22.56 crore.

Vakrangee Softwares to raise funds Through issue of securities The board of Vakrangee Softwares in its meeting on 28 January 2010 has decided on various fund raising avenues for the company in foreign currency through issue of Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) convertible into Equity Shares, Qualified Institutions Placement, Foreign Currency Convertible Bonds (FCCBs) or warrants convertible into depository receipts with underlying equity shares to cater to the future growth opportunities.

Vakrangee Softwares to announce financial results Board meeting on 28 January 2011 The board meeting of Vakrangee Softwares will be held on 28 January 2011 to consider and approve the un-audited financial results of the company for the quarter ended 31 December 2010.

Vakrangee Softwares started a Proof of Concept in KON for UID Vakrangee Softwares (VSL), a prominent Indian service provider for end-to- end "e-Governance Solutions" announced that it has started proof of concept for KON a village based in Thane district of Maharashtra for enrollment of all the residents for U.I.D. VSL which is empanelled in the highest category i.e. T2F4 of U.I.D. is working as an enrollment agency for this project whereas Union Bank of India is the registrar for U.I.D. The company plans to complete the proof of concept in 25 days with 213 staff and would enroll 34,000 residents of this village residing in 6,999 houses. After the successful completion of the proof of concept the company will work in the capacity of enrollment agency to do enrollments in different states with other registrars also. VSL plans to enroll 30% - 40% of the residents of India in U.I.D. initiative. The company made this announcement on 15 December 2010.

Vakrangee Softwares grants options On 24 November 2010 The committee of Vakrangee Softwares in its meeting on 24 November 2010 has granted 86,750 options each at Rs. 150 to the employees of the company.

Vakrangee Softwares appoints additional director With effect from 25 October 2010 The board meeting of Vakrangee Softwares in its meeting on 25 October 2010 has appointed B. L. Meena as additional director of the company.

Vakrangee Softwares to announce financial results Board meeting on 10 August 2010 The board meeting of Vakrangee Softwares will be held on 10 August 2010 to consider and approve the un-audited financial results of the company for the quarter ended 30 June 2010.

Vakrangee Softwares recommends dividend Of Rs 1.50 per share The board of Vakrangee Softwares in its meeting on 27 May 2010 has recommended dividend at the rate of Rs. 1.50 per share for the year 2009- 10.