CRANESSOFT

Cranes Software International Limited has informed the Exchange regarding 'The Company has opted to prepare and submit to the Stock Exchange only Standalone Financial Results and will not submit Consolidated Financial Results in the financial year 2018-19.'.

Cranes Software International Limited has submitted to the Exchange vide its letter dated September 30, 2010 a copy of Investor Update regarding "Cranes Software's Discloses Financial Figures for Year Ended 31st March 2010".

Cranes Software International Limited has informed the Exchange that pursuant to organizational restructuring to meet continued business needs and changes thereon, Mr H Shankar took on other responsibilities and ceased to be the Head of Finance and Compliance Officer. Further, Mr Asif Khader is directly responsible for the Finance function and is the Compliance Officer.

Cranes Software International Limited has informed the Exchange that "We refer to the proposed acquisition of Cubeware by our wholly owned German Subsidiary, Systat Gmbh for a consideration of Euro 18,000,000 (Euro eighteen million) and as more particularly set out in the Notice to Shareholders. Subject to approval of FIPB, the consideration for acquisition of the Cubeware from the Sellers; is agreed to be discharged partly in cash of an amount not exceeding Euro 12,000,000 by Systat Gmbh and the balance amount by way of issue and allotment of such number of shares of the Company being not mor

Cranes Software International Limited had informed the Exchange earlier regarding the agreement to acquire Cubeware GmbH by the company's subsidiary. The company now further informs the Exchange that: "The due diligence exercise is complete and the company proposes to acquire Cubeware through its WOS Systat Software Gmbh for a Cash cum Share Deal aggregating to Euro 18 mio of which, Euro 12 mio would be paid in cash and Euro 6 mio worth shares of Cranes Software International Ltd., would be allotted to the shareholders of Cubeware GmbH."

Cranes Software International Limited has informed the Exchange that : "The Company through its wholly owned subsidiary Systat Software GmbH has entered into an agreement to acquire Cubeware GmbH. The actual transactions would be completed on obtaining the necessary approvals/completion of formalities as may be required".