FSS

Hughes Software Systems Limited has informed the Exchange that Hon'able high Court of Delhi at New Delhi has directed that a meeting of the Equity Shareholders of the Company (Court convened meeting) be convened on January 24,2005 for the purpose of approving the Scheme of amalgamation between the Company and Tenet Technologies Private Limited. The company has further informed that the EGM of the Company for approving the change of name of the Company is scheduled to be held on January 24,2005. Accordingly the specified date for the purpose of the Court convened meeting and EGM has been fixe

Hughes Software Systems Limited has informed the Exchange that the BODs of the company, by way of resolution passed by circulation on December 22,2004,have approved the change of name of the Company from Hughes Software Systems Limited to Flextronics Software Systems Limited, subject to the approval of the shareholders and other statutory approvals.

Hughes Software Systems Limited has informed the Exchange that the company has received the following intimations : 1) Mr. Gautam Brahma, Asst. Vice President- Quality, of the company has informed the company that he has sold 3,000 shares of the company out of his holding of 5,125 shares and the value of the consideration exceeds Rs.5,00,000/-. 2) Mr. Anil Kumar Gupta, Asst. Vice President-Engineering, of the company has informed the company that he has sold 2,100 shares of the company out of his holding of 4,800 shares and the value of the consideration exceeds Rs.5,00,000/-.

Hughes Software Systems Limited has informed the Exchange that the company has received the following intimations : 1) Mr.C.P.Murali, Vice President -Bangalore Operations, of the company has informed the company that he has sold 4,200 shares of the company out of his holding of 8975 shares and the value of consideration exceeds Rs.5,00,000/-. 2) Mr. Ajay Gupta, Asst.Vice President -Business Group, of the company has informed the company that he has sold 2250 shares of the company out of his holding of 5,800 shares and the value of consideration exceeds Rs.5,00,000/-.3) Mrs. Anita Bhat Gupta,

Hughes Software Systems Limited has informed the Exchange that the company has received the following intimations : 1) Mr. Vinod Sood, Vice President & Head of Engineering of the company has informed the company that he has sold 730 shares of the company out of his holding of 5275 shares. 2) Mr. Aadesh Goyal, Vice President - Human Resources of Engineering of the company has informed the company that he has sold 1646 shares of the company out of his holding of 8625 shares and the value of consideration exceeds Rs.5,00,000/-. 3) Mr. Vimal Khanna, Vice President & Chief Financial Officer of the

Hughes Software Systems Limited has informed the Exchange that the company has received the following intimation from : 1) Mr. Vinod sood, Vice President & Head of Engineering of the company has informed the company that he has sold 1,499 shares of the company out of his holding of 6,774 shares. 2) Mr. Jayaram Easwaran, Vice President ( Corporate Planning & Communications) of the company has informed the company that he has sold 1,750 shares of the company out of his holding of 3,990 shares.

Hughes Software Systems Limited has informed the Exchange that the Company has received an intimation dated November 16, 2004 from Mr. Vinod Sood, Vice President & Head of Engineering of the Company that he has sold 2,441 shares of the company out of his holding of 9215 shares and the value of the consideration exceeds Rs.500,000/-.

Hughes Software Systems Limited has informed the Exchange that the Company has received the following intimations, the details of which are as follows : 1) Intimation from Mr. Vinod Sood, Vice President & Head of Engineering of the Company informing that he has sold 3060 shares of the Company out of his holding of 12275 shares and the value of the consideration exceeds Rs.500000/-. 2) Intimation from Mr. Vimal Khanna, Vice President & Chief Financial Officer of the Company informing that he has sold 8849 shares of the Company out of his holding of 10766 shares and the value of the consideratio

Hughes Software Systems Limited has informed the Exchange that the registered office of the company has been shifted, effective November 01, 2004, to 5, Jain Mandir Marg (Annexe.), Connaught Place, New Delhi-110001 from B-25, 2nd Floor, Nirlac Centre, Qutab Institutional Area, New Delhi-110016.

Hughes Software Systems Limited has informed the Exchange that they have received intimation from Flextronics Sales and Marketing (L-A) Limited (Flextronics), informing of the acquisition of 23,917,210 shares of the Company (constituting approximately 70.23% of the Paid-up Capital). The Mode of acquisition is as follows: 18,667,491* shares acquired by transfer from Hughes Network Systems Inc. and HNS-Mauritius Holdings, promoters of Hughes Software Systems Limited and 5,249,719** shares acquired pursuant to the public offer made to shareholders of Hughes Software Systems Limited. The date of a

Hughes Software Systems Limited has informed the Exchange that Flextronics Sales and Marketing (L-A) Limited (Flextronics) has informed the Company that Flextronics has,on October 19, 2004 acquired 23,917,210 shares of the Company (constituting approximately 70.23% of the Paid-up Capital). The Mode of acquisition: 18,667,491 shares acquired by transfer from Hughes Network Systems Inc. and HNS-Mauritius Holdings,promoters of Hughes Software Systems Limited and 5,249,719 shares acquired pursuant to the public offer made to shareholders of Hughes Software Systems Limited.

Hughes Software Systems Limited has informed the Exchange of the holding of Directors in the Company as on September 30, 2004. The details of holding are as follows: 1) Ashish Kumar Bhardwaj - Chairman, holds Nil shares; 2) Arun Kumar - Managing Director, holds 87,700 shares; 3) Nicholas E Brathwaite - Director, holds Nil shares; 4) Ronny Nilsson - Director, holds Nil shares; 5) Ian Duncan Robertson - Director, holds Nil shares; 6) Amal Ganguli - Director, holds 5,000 shares; 7) K V Ramani - Director, holds Nil shares; 8) Manoranjan Mohapatra - Alternate Director, holds 15,400 shares; 9) Vinod

Hughes Software Systems Limited has informed the Exchange that the BOD of the company in their meeting held on October 13, 2004 allotted 13348 equity shares bearing distinctive numbers 54040466 to 54053813 to employees who have exercised option of conversion of warrants under the ESOP Scheme of the company.

Hughes Software Systems Limited has informed the Exchange that the shareholders in the AGM of the Company held on September 21, 2004 approved the following items: (1) Dividend @50% for the financial year ended March 31, 2004. (2) Re-appointment of Mr. K.V. Ramani and Mr. Amal Ganguli as Directors, who were retiring by rotation. (3) Re-appointment of Deloitte Haskins and Sells as Auditors of the Company. (4) Appointment of Mr. Ashish Kumar Bhardwaj, Mr. Nicholas E. Brathwaite, Mr. Ronny Nilsson and Mr. Ian Duncan Robertson as Directors of the Company, liable to retire by rotation. (5) Appointme

Clarification of News : The press had reports on June 7, 2004 that Hughes Software Systems Limited that contract manufacturer Flexitronics and private equity fund Silver Lake Partners have expressed interest in buying News Corps stake of 55.4% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Hughes Software Systems Limited has vide its letter inter-alia stated, "We would like to state that the