Financial Results for Sep 30, 2011
Cambridge Solutions Ltd has informed BSE about the Financial Results for the period ended September 30, 2011.12-11-2011
12-11-2011
Approval for sale of shares held in Cambridge Solutions SARL, France
Cambridge Solutions Ltd has informed BSE that the Board of Directors at its meeting held on October 27, 2011, has approved the sale of the entire share capital in Cambridge Solutions SARL, France (an indirect wholly owned subsidiary) held by Cambridge Solutions Europe Ltd, UK (wholly owned subsidiary of the Company).With this sale, Cambridge Solutions SARL, France would cease to be a subsidiary of Cambridge Solutions Europe Limited, UK and thus cease to be a subsidiary of the Company.31-10-2011
Limited Review for the quarter ended June 30, 2011
Cambridge Solutions Ltd has informed BSE that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2011.31-08-2011
Financial Results for June 30, 2011
Cambridge Solutions Ltd has informed BSE about the Financial Results for the period ended June 30, 2011.16-08-2011
Outcome of Board Meeting
Cambridge Solutions Ltd has informed BSE that the Board of Directors in its meeting held on July 29, 2011 has appointed Mr. Kenneth Lever, Executive Director and Vice Chairman as the Executive Chairman and Chief Executive Officer of the Company with effect from July 29, 2011. The Board has also appointed Mr. David Bauernfeind as Executive Director of the Company with effect from July 29, 2011....01-08-2011
Result of Postal Ballot
Cambridge Solutions Ltd has informed BSE that the members of the Company by way of Postal Ballot have approved the ordinary resolution relating to approval for sale and transfer of the 'Business Process Outsourcing Division' ("BPO Division") of the Company as a going concern on a slump sale basis, to Xchanging Technology Services India Private Limited, ("XTSI"), by the requisite majority.20-07-2011
Notice of Postal Ballot
Cambridge Solutions Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Ordinary Resolution relating to sell and transfer the 'Business Process Outsourcing Division' of the Company along with its assets including investments in Cambridge Builders Private Limited (a wholly owned subsidiary of the Company), liabilities and such employees of the Company engaged in the said division including all...04-07-2011
Outcome of AGM
Cambridge Solutions Ltd has informed BSE that the members at the 10th Annual General Meeting (AGM) of the Company held on May 23, 2011, inter alia, have accorded to the following:1. Adoption of the Audited Balance Sheet as at December 31, 2010 and the Profit and Loss Account for the year ended on that date together with the Directors Report and the Auditors Report....29-06-2011
Outcome of Board Meeting
Cambridge Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 13, 2011, explored various alternatives to honour the financial commitment arising out of invocation of the corporate guarantee provided in favour of Xchanging UK Ltd in respect of the loan provided by Xchanging UK Ltd to Cambridge Integrated Services Group Inc. ("CISGI"), and decided to sell and transfer, the Company's Business Process...13-06-2011
Invocation of corporate guarantee of USD 66 million on the Company by Xchanging UK Ltd
Cambridge Solutions Ltd has informed BSE that "The Company had provided a corporate guarantee in favour of Xchanging UK Ltd for its loan of USD 55 million to Cambridge Integrated Services Group inc. a wholly owned subsidiary of the Company ("CISGI"), in the year 2009. Subsequently in the year 2010, the loan to CISGI was increased up to USD 66 million ("Loan Amount") and accordingly the corporate guarantee by the Company was also increased...11-06-2011