ACROPETAL

Acropetal Technologies Limited has informed the Exchange that the Registrar of Companies, Karnataka has granted extension of time to the Company to hold the Annual General Meeting of the Company up to December 27, 2013.

Acropetal Technologies Limited has informed the Exchange that Mr. Subramanian Iyer is transferred to Acropetal Inc, USA, a wholly owned subsidiary of the Company, as Chief Executive Officer (CEO). In view of the above, he is relieved from the position of Chief Executive Officer at Acropetal Technologies Ltd.

Acropetal Technologies Limited has informed the Exchange that the two overseas Subsidiaries of the Company namely, Acropetal Inc,USA (formerly Known as LineBeyond Inc,. USA) and Optech Consulting Inc,. USA are merged and is now named Acropetal Inc,. USA.

Acropetal Technologies Limited has informed the Exchange that the Name of LINEBEYOND, Inc wholly owned subsidiary of the Company situated in the state of California, USA has been changed to ACROPETAL, Inc.

Acropetal Technologies Limited has informed the Exchange that Mr. D. Ravikumar, Managing Director has intimated that he, alone or along with the other members of the Promoter group, intend to buy the equity Shares of the Company upto 5% of the paid-up Share Capital of the Company.

Acropetal Technologies Limited had informed the Exchange about the LOI for the enrolment of UID in urban areas of 14 districts of Kerala state. The value of the order was estimated to be Rs. 25.00 crores. The Company has now informed the Exchange that the KELTRON (Kerala Electronics Development Corporation Limited), by means of a Work Order Amendment has placed the order for the work to be carried out in 12 districts of Kerala and the value will be Rs. 40.32 crores to be completed by March 30, 2012.

Acropetal Technologies Limited has informed the Exchange that the Company, in partnership with KELTRON (Kerala Electronics Development Corporation Ltd), has obtained a letter of intent for the enrolment of UID in urban areas of 14 districts of Kerala State. The approximate value of the work will be about Rs. 25.00 crores and the work shall be completed by March 31, 2012.

Acropetal Technologies Limited has informed the Exchange that Mr. S. Sudheer has resigned and ceased to be Chief Financial Officer (CFO) of the company effective from the Close of the day on June 30, 2011. Mr. Sudhendu Kumar Basu, vice President - Finance will be heading Finance & Accounts Department until alternative arrangements are made.

Acropetal Technologies Limited has informed the Exchange, vide its letter dated March 22, 2011 that the Company has entered into definitive agreements to acquire the following: (i) To acquire 100% equity in LINE BEYOND Inc. based out of Bay area, CA, USA for a consideration of US $ 4.90 million; (ii) To acquire 70% of the equity in OPTECH CONSULTING Inc, head quartered in Dallas, Texas, USA for a consideration of US $ 4.90 million. Both the Companies become the subsidiaries of Acropetal Technologies Limited effective from April 01, 2011 and hence the financials of the said Companies will not b