SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Virtualsoft Systems’ to transfer assets of Roam 1 division to a subsidiary

01 Aug 2011 Evaluate

Virtualsoft Systems’ board of directors has decided to transfer the assets of Roam 1 division under development to a subsidiary of the company, which is to be formed in the current year. The board of the company at its meeting held on March 15, 2011, after consultation with the statutory auditors to capitalize expenses pertaining to CRM product development for Roam 1 division of the Company has decided to transfer the assets of Roam 1 division.

The company in lights of its needs and its ability to raise resources for establishing its Telecom project in a subsidiary coupled with the investor’s insistence on formation of a subsidiary for their investment in the further development of the Telecom project has taken this decision.

Since, the board has agreed to capitalize all the expenses during the year pertaining to the development of CRM for Telecom project. Consequently, the expenses being capitalized aggregating to Rs 4.06 lac which were earlier charged to the Profit and Loss account in the previous quarters have resulted in a loss of Rs 10.52 lac.

Kati PatangLifestyle Share Price

19.12 -1.00 (-4.97%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×