POLARIS

Polaris Software Lab Limited has informed the Exchange that the Remuneration and Compensation Committee of the Board of Directors of the Company, at its meeting held on June 26,2006, has granted 1,182,000 and 618,000 number of stock options [Total: 1,800,000] at Rs.76.60 per share under the Associate Stock Option Plans 2003 & 2004 (ASOP 2003 & ASOP 2004) respectively, to the employees of the Company. The said options are convertible into equal number of equity shares of Rs. 5/- each. The options can be exercised in five (5) equal installments (i.e. 20% each year) over a period of 5 years from

Polaris Software Lab Limited has informed the Exchange that :- (1) Polaris Holdings Pvt. Ltd., promoter of the Company has acquired 150,000 shares on June 19, 2006 and 145,000 shares on June 20, 2006 of Polaris Software Lab Limited. The mode of acquisition is through Market Purchases and the shareholding of Polaris Holdings Pvt. Ltd. after the said acquisition is 19,380,938 shares aggregating to 19.73% of the total paid up capital of Polaris Software Lab Limited.* (2) Mr. Arun Jain, Chairman & Managing Director of the company has acquired 120,000 shares on June 19, 2006 and 55,000 shares on Ju

Polaris Software Lab Limited has informed the Exchange that :- (1) Polaris Holdings Pvt. Ltd., promoter of the Company has acquired 165,000 shares on June 16, 2006 of Polaris Software Lab Limited. The mode of acquisition is through Market Purchases and the shareholding of Polaris Holdings Pvt. Ltd. after the said acquisition is 19,085,938 shares aggregating to 19.43% of the total paid up capital of Polaris Software Lab Limited.* (2) Manju Jain W/o Mr. Arun Jain, Chairman & Managing Director of the company has acquired 55,000 shares on June 16, 2006 of Polaris Software Lab Limited. The mode of

Polaris Software Lab Limited had informed the Exchange that the Register of Members and Share Transfer Books of the Company shall be closed from July 11, 2006 to July 21, 2006 (both days inclusive) for the purpose of payment of dividend for the financial year ended March 31, 2006. The Company has now informed the Exchange to cancel the dates of Book Closure of the Company as announced earlier and the Revised Book Closure of the Company will be intimated in due course.

Polaris Software Lab Limited has informed the Exchange that (1) Polaris Holdings Pvt. Ltd., promoter of the Company has acquired 100,000 shares on June 14, 2006 of Polaris Software Lab Limited. The mode of acquisition is through Market Purchases and the shareholding of Polaris Holdings Pvt. Ltd. after the said acquisition is 18,920,938 shares aggregating to 19.26% of the total paid up capital of Polaris Software Lab Limited.* (2) Arun Jain, Chairman & Managing Director of the company has acquired 1,80,000 shares on June 15, 2006 of Polaris Software Lab Limited. The mode of acquisition is throu

Polaris Software Lab Limited has informed the Exchange that : (1) Manju Jain W/o Mr. Arun Jain, Chairman and Managing Director of the Company has acquired 25,000 shares on June 09, 2006 . The mode of acquisition is through Market Purchase and the shareholding of Manju Jain after the said acquisition is 892,460 shares aggregating to 0.91% of the total paid up capital of Polaris Software Lab Limited. (2) Polaris Holdings Pvt.Ltd,the promoter of the company has acquired 1,20,000 shares on June 09,2006.The mode of acquisition is through Market Purchase and the shareholding of Polaris Holdings Pvt

Polaris Software Lab Limited has informed the Exchange that :- 1) Manju Jain W/o Mr. Arun Jain, Chairman and Managing Director of the Company has acquired the shares of the company as follows :-(1) 100,000 shares on June 07, 2006; and (2) 15,000 shares on June 08, 2006. The mode of acquisition is through Market Purchases and the shareholding of Manju Jain after the said acquisition is 867,460 shares aggregating to 0.88% of the total paid up capital of Polaris Software Lab Limited. 2) Polaris Holdings Pvt. Ltd. ['PHL'] has acquired 145,000 shares of Polaris Software Lab Limited on June 07, 200

Polaris Software Lab Limited has informed the Exchange that Manju Jain W/o Mr. Arun Jain, Chairman and Managing Director of the Company has acquired the shares of the company, which are as follows:(1) 5,000 shares on May 31, 2006 ;(2) 45000 shares on June 01, 2006 ; (3) 33000 shares on June 02, 2006 ;(4)15000 shares on June 05, 2006; (5) 20,000 shares on June 06, 2006. The mode of acquisition is through Market Purchase and the shareholding of Manju Jain after the said acquisition is 752,460 shares aggregating to 0.77% of the total paid up capital of Polaris Software Lab Limited.

Polaris Software Lab Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company will be closed from July 11, 2006 to July 21, 2006 (both days inclusive) for the purpose of payment of dividend for the year ended March 31, 2006, on equity shares, if approved in the AGM of the Company.

Polaris Software Lab Limited has informed the Exchange that Manju Jain W/o Mr. Arun Jain, Chairman and Managing Director of the Company has acquired 30,000 shares on May 29, 2006 and 20, 000 shares of May 30, 2006 of the total paid up capital of Polaris Software Lab Limited. The mode of acquisition is through Market Purchase and the shareholding of Manju Jain after the said acquisition is 634,460 shares aggregating to 0.65% of the total paid up capital of Polaris Software Lab Limited.

Polaris Software Lab Limited has informed the Exchange that Manju Jain W/o Mr. Arun Jain, Chairman and Managing Director of the Company has acquired 45,000 shares of the total paid up capital of Polaris Software Lab Limited on May 25, 2006. The mode of acquisition is through Market Purchase and the shareholding of Manju Jain after the said acquisition is 584,460 shares aggregating to 0.59% of the total paid up capital of Polaris Software Lab Limited.

Polaris Software Lab Limited has informed the Exchange that the company wish to announce key alliances with two leading System Integrators to deliver end-to-end, integrated Banking solutions to top banks in US and Europe. Through the first alliance, Polaris will provide its range of offerings including the Intellect Suite and SOA based SmartBuild solutions to the European Market. The second is a teaming agreement with a leading global system integrator. Under this agreement, both parties may team together to jointly win unspecified engagements throughout Europe and the United States, leveragin

Polaris Software Lab Limited has informed the Exchange that the Remuneraion and Compensation Committee of the Board of Directors of the Company, in its meeting held on April 27,2006, has granted 128,500 number of options at Rs.110.10 per share under the Associate Stock Option Plan 2003 (ASOP 2003). The said options are convertible into equal number of equity shares.

Polaris Software Lab Limited has informed the Exchange that the Board of Directors in its meeting held on April 27, 2006 has subject to the approval of the members, recommended a dividend of 25% (Rs.1.25 Per Share) for the financial year 2005-06.

Polaris Software Lab Limited has informed the Exchange regarding a press release dated April 27, 2006 titled "Q4 and Annual Results for FY 2005-06 - Polaris, recognized Speciality Application Development Leader, announces entry into 10 new global accounts in Q4 '05-06". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Polaris Software Lab Limited has informed the Exchange that the Shareholders' Committee of the Board of Directors of the company, in its meeting held on April 27, 2006, has allotted 10,925 equity shares to its employees under the Associate Stock Option Plan 2000 & 2001. A brief summary of allotment is given hereunder : 1) ASOP 2000 - Date of Grant - October 18, 2001; Option Price - Rs.71.50; No. of allottees -17; No. of shares - 2,080. 2) ASOP 2001 - Date of Grant - September 26, 2001; Option Price - Rs. 57.00; No. of allottees - 22; No. of shares -6,645. 3) ASOP 2001 - Date of Grant - October

Polaris Software Lab Limited has informed the Exchange regarding a media release, dated, April 13, 2006, titled, "Polaris Software enters Belfast - Launches first of its kind, Banking & Financial Application Certification Centre." The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Polaris Software Lab Limited has informed the Exchange that Mr. Anubhav Kapoor, Company Secretary has resigned from the services of the Company as of April 03, 2006 and with effect from April 04, 2006 Mr. M. P. Suresh Kumar a Fellow Member of the Institute of Company Secretaries of India has been appointed as the Company Secretary who will also be the Compliance Officer.

Polaris Software Lab Limited has informed the Exchange regarding a media release, dated, March 21, 2006, titled, "Polaris Software enters partnership with Webify; to deliver SOA-enabled transformation for the Financial Services Industry." The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Polaris Software Lab Limited has informed the Exchange regarding a media release, dated, March 09, 2006, titled, "Polaris Retail Infotech Partners With SAP India ." The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Polaris Software Lab Limited has informed the Exchange regarding a media release dated February 03, 2006, titled "Taking Innovation to the Next Level�� Polaris Software Gets Global Recognition - Ranked as the Best in The Category for Speciality Application Development". The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that the Shareholders' Committee of the Board of Directors of the company, in its meeting held on January 30, 2006, has allotted 87,835 equity shares to its employees / directors under the Associate Stock Option Plan 2000 & 2001. A brief summary of allotment is given hereunder : 1) ASOP 2000 - Date of Grant - October 18, 2001; Option Price - Rs.71.50; No. of allottees -107; No. of shares - 37,680. 2) ASOP 2000 - Date of Grant - January 28, 2003; Option Price - Rs. 126.70; No. of allottees - 2; No. of shares -2,200. 3) ASOP 2001 - Date of G

Polaris Software Lab Limited has informed the Exchange that the BODs have accepted the resignation of Mr. Anil Sachdev and Mr. V.Balaraman, directors of the Company, and have appointed Mr. Raju Venkatraman as an additional director of the company.

Polaris Software Lab Limited has informed the Exchange regarding a media release dated December 22, 2005, titled "Polaris and Interwoven come together to organize round table on 'Enterprise Content Management' ". The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange regarding a media release dated December 09, 2005, titled "Microsoft chooses Polaris as a Launch Partner in India for VS 2005 and SQL Server 2005". The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange regarding a media release dated November 21, 2005, titled 'Polaris Software signs up Lloyds TSB for INTELLECT SUITE; Prestigious win signals Polaris' growing success in Global Tier-1 Banks'. The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

JM Morgan Stanley Private Ltd had informed the Exchange that the Buy-back offer of the equity shares of Polaris Software Lab Limited ("PSLL") from the open market through stock exchange route which opened on June 01, 2005 in terms of Public Annoucement dated May 19, 2005 ('PA'), closed on November 09, 2005. In this regard, JM Morgan Stanley Private Ltd has now submitted a copy of the advertisement as per Regualtion 19(7) of the SEBI(Buy back of Securities)Regulation,1998 which appeared on November 11, 2005 in the same newspapers in which the PA appeared. The details of same shall be available

Clarification of News : The media had reports that IBM may acquire controlling stake in Polaris Software Lab Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Polaris Software Lab Limited has vide its letter inter-alia stated, "We wish to state that the news item is neither from the Company nor from any of its authorized representatives. We further inform you that, we would report any event to the statutory

JM Morgan Stanley Private Ltd has informed the Exchange that with reference to the Buy-back offer of the equity shares of Polaris Software Lab Limited ("PSLL") from the open market through stock exchange route which was opened on June 01, 2005 in terms of Public Annoucement dated May 19, 2005 ('PA'), the BODs of PSLL, on October 21, 2005 have decided that Buy-back Offer be closed at the end of working hours of November 09, 2005 by giving at least 15 days notice to the stock exchanges and advertisement in the newspapers.Further,JM Morgan Stanley Private Ltd has submitted to the Exchange a copy

Polaris Software Lab Limited has submitted to the exchange a copy of the notice published on October 24,2005 in the newspapers announcing that the BODs of the Company at their meeting held on October 21, 2005 had decided that the Buyback of equity shares made pursuant to Public Announcement dated May 19, 2005, be closed at the end of working hours on November 09,2005.A copy of the notice shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that the Remuneration and Compensation Committee of the Board of Directors of the Company, in its meeting held on October 20, 2005, has granted 193,500 number of options at Rs. 118.15 per share under the Associate Stock Option Plan 2003 (ASOP 2003).The said options are convertible into equal number of equity shares.

Polaris Software Lab Limited has informed the Exchange that the Shareholders' Committee of the Board of Directors of the company, in its meeting held on October 21, 2005, has allotted 109,925 equity shares to its employees / directors under the Associate Stock Option Plan 2000, 2001 & 2003. A brief summary of allotment is given hereunder : 1) ASOP 2000 - Date of Grant - October 18, 2001; Option Price - Rs.71.50; No. of allottees -8; No. of shares - 1,630. 2) ASOP 2000 - Date of Grant - January 28, 2003; Option Price - Rs. 126.70; No. of allottees - 9; No. of shares -9,620. 3) ASOP 2000 - Date

Polaris Software Lab Limited has informed the Exchange regarding a press release dated October 21, 2005, titled 'Polaris Software Posts Q2 Revenues of Rs.213 crore.' The details of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that with reference to the Public Announcement of the Company regarding buyback of equity shares of the company, which appeared in the Newspaper on May 19, 2005, the following Para 12 (Proposed Time Table) appeared in the said Public Announcement regarding last date for the buyback:"Last Date for the Buy-Back : - April 26, 2006 (12 months from the date of the Board Resolution) or such earlier date as may be determined by the Board, even if the maximum limit of buyback has not been reached, by giving an appropriate notice for such earlier d

Polaris Software Lab Limited has informed the Exchange regarding a media release dated October 11, 2005, titled 'Polaris Software Signs as Consulting Partner and Integrator with Algorithmics.' The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange regarding a press release dated October 03, 2005, titled 'Polaris Appoints Industry Veteran to Execute its Vision; Arup Gupta joins as President & Chief Operating Officer and Arun Jain takes the Mantle of Chief Architect.' The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that Mr. Govind Singhal, Whole-time Director of the Company has resigned from the services and Board of the Company.

Polaris Software Lab Limited has informed the Exchange that Mr. Ashish Sinha has acquired 63,764 shares of Polaris Software Lab Limited on August 25, 2005. The mode of acquisition is allotment of shares on exercise of Employee Stock Options and the shareholding of Mr. Ashish Sinha after the said acquisition is 74,646 shares aggregating to 0.076% of the total share capital of Polaris Software Lab Limited.

Polaris Software Lab Limited has submitted to the Exchange a copy of minutes of the proceedings of the AGM of the Company held on July 22, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that the Company has issued a media release dated July 22, 2005 titled "Polaris's Software posts Q1 (FY'06) Revenues of Rs.209.38 Crore". The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange regarding the resolutions passed by the shareholders at the AGM of the Company held on July 22, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that the Remuneration and Compensation Committee of the Board of Directors of the Company, in its meeting held on July 21, 2005, has granted 36,500 number of options at Rs.134.00 per share under the Associate Stock Option Plan 2003 (ASOP 2003). The said options are convertible into equal number of equity shares.

Polaris Software Lab Limited has informed the Exchange that the Shareholders' Committee of the Board of Directors of the company, in its meeting held on July 21, 2005, has allotted 10,860 equity shares to its employees / directors under the Associate Stock Option Plan 2000, 2001 & 2003. A brief summary of allotment is given hereunder : 1) ASOP 2000 - Date of Grant - October 18, 2001; Option Price - Rs.71.50; No. of allottees -6; No. of shares - 460. 2) ASOP 2001 - Date of Grant - September 26, 2001; Option Price - Rs.57.00; No. of allottees - 12; No. of shares -3,885. 3) ASOP 2001 - Date of Gr

Polaris Software Lab Limited has informed the Exchange that the Company has issued a media release dated July 19, 2005 relating to Polaris's Intellect Suite to enable banking transformation at Bank of Overseas Chinese. The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that the Company has issued media release dated July 04, 2005 relating to Intellect Treasury solution chosen by one of the world's leading financial services company for its Risk Treasury business in Europe. The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that the AGM of the Company has been convened on July 22, 2005. A copy of the AGM Notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Polaris Software Lab Limited has informed the Exchange that with reference to the news item published under cover story on mid-tier IT companies titled 'The Perils of being in the Middle Rung' in the Businessworld dated June 20, 2005, the Company has, in the mail written by the Company to the Editor of Businessworld, clarified as follows: "We are surprised at the statement attributed to Mr. Jain regarding Polaris' ownership and structure, and the caption on page 24, 'Polaris CEO Arun Jain is scouting actively for a strategic investor'. Both the statement and the caption are incorrect, and have

Polaris Software Lab Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company will be closed from July 12, 2005 to July 22, 2005 (both days inclusive) for the purpose of payment of dividend for the year ended March 31, 2005, on equity shares, if approved in the AGM of the Company.

JM Morgan Stanley Private Limited has informed the Exchange regarding the public announcement made by Polaris Software Lab Limited("PSLL" or the "Company") for the buyback("Buy-back") of its fully paid-up equity shares of face value of Rs.5/- each("Shares") from the existing owners of the Shares from the open market using the electronic trading facilities of the Stock Exchange, Mumbai ("BSE") and the National Stock Exchange of India Limited ("NSE"),in accordance with the provisions of Sections 77A,77AA and 77B of the Companies Act,1956(the "Act") and the Securities and Exchange Board of India(

Polaris Software Lab Limited has informed the Exchange that the Company has issued media release dated May 19, 2005 relating to Canara Bank going live on Polaris Intellect Cards/Sun solution. The details of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).