ACROPETAL

Acropetal Technologies Limited has informed the Exchange regarding the Outcome of Board Meeting of the Company held on December 31, 2015.

Acropetal Technologies Limited has informed the Exchange that the Board of Directors in the meeting held on August 14, 2014, accepted the Resignation of Mr. Mohan Hosahalli Ramakrishna, Director of the Company effective from May 14, 2014. He was also the Chairman of the Audit Committee and a member in Remuneration Committee and Shareholders Grievance Committee of the Company.

Acropetal Technologies Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 11, 2014, accepted the Resignation of Dr. Mathew James Manimala, Director of the Company effective from December 09, 2013. He was also the Chairman of Remuneration Committee of the Company.

Acropetal Technologies Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on November 12, 2013, has approved the following: (1) Appointment of Dr. M. Madhu Sudhana Reddy as Additional Director with effect from November 12, 2013. He is an Independent Director. (2) Appointment of Mr. Mohan Hosahally Ramakrishna, an Independent Director, as the Chairman of the Audit Committee. (3) Appointment of Mr. D Ravi Kumar, the Chairman and Managing Director as a Member of the Audit Committee. (4) Appointment of Dr. D K Subrahmanya Reddy, an Independent Director

Acropetal Technologies Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 08, 2013, inter alia, has taken following decision: 1) Apply to the Registrar of Companies Karnataka for extension of time of three months to hold the Annual General Meeting of the Company for business reasons.

Acropetal Technologies Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 29, 2013 have inter-alia taken the decisions as under : (1) Decided to dispose off/ divest equity shares to the maximum extent of 3% i.e. upto 30,000 equity shares of Kinfotech Private Limited. On disposal of the said shares, Kinfotech Private Limited ceases to be the subsidiary of Acropetal Technologies Ltd.(2). In view of the changed business scenario between the date of applying for approval of the Scheme of Amalgamation of Kinfotech Private Limited and MindRiver In

Acropetal Technologies Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on November 09, 2012 inter alia, decided to temporarily re-allocate the Business Development and product Development activities to Mr. Subbu Iyer.

Acropetal Technologies Limited has informed the Exchange that the Board of Directors of the Company in the meeting held on April 27, 2012, inter alia, approved the following : (1) To purchase / acquire 30% stake in Optech Consulting Inc, USA, a Subsidiary of the Company, for a consideration of US $ 2.10 mn. At present the Company is holding 70% in the subsidiary and with the present acquisition of 30%, Optech Consulting Inc, becomes a wholly owned subsidiary of the company; (2) It has been decided to merge the two subsidiaries in the USA - (i) Acropetal Inc, and (ii) Optech Consulting Inc, sub

Acropetal Technologies limited has informed the that the Board of Directors of the Company at its meeting held on February 10, 2012, have approved the Draft Scheme of Amalgamation of Kinfotech Private Limited and Mindriver Information Technologies Private Limited (Subsidiaries of the Company) with Acropetal Technologies Limited (The Company). The proposed Scheme is subject to the approval of Hon'ble High Court of Karnataka and other statutory and regulatory authorities. The proposed Scheme inter alia, envisages issue of new shares of the Company in exchange for the amalgamation of the aforesai

Acropetal Technologies Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 27, 2011 has approved the acquisition of two (2) Companies namely (1) MindRiver Information Technologies Private Ltd an IT services Company engaged in IT Infrastructure Management Services, Remote Infrastructure Management Services, IT Infrastructure Consulting, and IT Systems Integration. 100% equity of the said Company has been acquired for a cash consideration of Rs.9.50 crores. (2) Kinfotech Private Ltd. a Company specialized in Providing various security and other