eClerx Board recommends issue of bonus equity shares
in the ratio of 1:2

The Board of Directors of the Company via Circular Resolution, dated June 7, 2010 accorded its approval,
inter-alia, for the following:

• Increase in Authorised Share Capital of the Company from existing Rs 30 Crores to Rs 50 Crores and consequent amendments to the Memorandum and Articles of Association of the Company; and
• Recommendation for issue of Bonus Shares in the ratio of 1 (One) Bonus equity share of Rs 10/- each for every 2 (Two) existing fully paid up equity shares of Rs 10/- each held in the Company.

The approval of shareholders for the aforesaid items will be obtained through Postal Ballot.