COMSYS

Compulink Systems Limited has informed the Exchange that by an Order made on June 11, 2010, the High Court of Judicature at Mumbai has directed that a meeting of the Equity Shareholders of the Company be convened and held on July 15, 2010, for the purpose of considering and, if thought fit, approving with or without modification(s), the Scheme of Arrangement and Amalgamation of Compulink Systems Limited with Glodyne Technoserve Limited.

Compulink Systems Limited has informed the Exchange that "The Board of Directors of the Company at its meeting held on October 28, 2009 have approved the draft Scheme of Arrangement and Amalgamation ('Scheme') between M/s. Compulink Systems Limited ('CSL' or "the Company") and Glodyne Technoserve Limited ( "GTL") and their respective shareholders and creditors under sections 391 to 394 and other applicable provisions, if any, of the Companies Act,1956.The Scheme is subject to the consent of requisite majority as the case may be of the Shareholders and/ or Creditors of the Company and GTL as ma