*Corrigendum to Tender Document for the tender Ref.ELCOT/PROC/OT/33027/Computer Stationery/2017-18 has been published* *Corrigendum to Tender Document for the tender Ref.ELCOT/PROC/OT/33020/High Speed Ink Jet Printer/2017-18 has been published* *Corrigendum 1 to tender document Ref.ELCOT/IT Infra/OT/33026/TNSDC PH II-DCO/2017-2018 has been published*
Joint Ventures
ELCOT has promoted 38 companies in the Joint/Associate/Escort sectors apart from its own operations in the public sector. The details of the companies are as follows:

Joint Sector companies:
A Joint Sector Company is a company in which ELCOT would hold 26% to 50% of the total shareholding of the company and the remaining shareholding would normally be held in the ratio of 25% by the private promoter and his associates and the 49% by the public. In joint sector companies, ELCOT and the private promoter would have equal number of Directors on the Board. One of the Directors representing the private promoter shall be the Managing Director looking after the day-to-day management of the joint sector company, whereas one of the Directors representing ELCOT shall be the Chairman of the Board of Directors of the joint sector company. Such a Chairman shall have a casting vote in addition to his normal vote as a Director in the event of a tie between the Directors representing ELCOT and the private promoter. The following table indicates the joint sector companies of ELCOT and the details of percentage of equity investment by ELCOT :

Sl. No. Name of the Joint Sector Company

% of equity held by ELCOT

1 AGT Electronics Ltd. 26%
2 DCL Software Ltd. 26%
3 SA International Ltd. 32%
4 Ravichandra Systems and Computer Services Ltd. 28%
5 Intwel Technologies Ltd. 50%
6 Elnet Technologies Ltd. 26%
7 kody Teck ltd 26%

Associate Sector Companies:
An Associate Sector Company is a company in which ELCOT would hold 2% to 11% of the total equity of the Company and the remaining would be held by the private promoter, his associates and the public. In such Associate Sector Companies, ELCOT shall have only one Director representing ELCOT on the Board. The day-to-day management and the Chairmanship of the Board of Directors would be the prerogative of the private promoter. The following table indicates the Associate sector companies of ELCOT and the percentage of equity investment by ELCOT :

Sl. No. Name of the Associate Sector Company

% of equity held by ELCOT

1 Tidel Park Ltd. 4.55%
2 Pace Automations Ltd. 11%
3 Encore Business Systems Ltd. 1.67%
4 Savant Institute of Information Technology 11%
5 Insignia Infotech P. Ltd. 11%
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