POLARIS

Significant increase in volume has been observed in POLARIS CONSULTING & SERVICES LIMITED. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. POLARIS CONSULTING & SERVICES LIMITED has submitted their response.

Significant increase in volume has been observed in POLARIS CONSULTING & SERVICES LIMITED. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

The Exchange has sought clarification from POLARIS CONSULTING & SERVICES LIMITED with respect to recent news item captioned "Virtusa seeks to delist Polaris From Indian Stock Exchanges.". 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 company. POLARIS CONSULTING & SERVICES LIMITED has submitted their response.

The Exchange has sought clarification from POLARIS CONSULTING & SERVICES LIMITED with respect to recent news item captioned "Virtusa seeks to delist Polaris From Indian Stock Exchanges.". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

Significant increase in volume has been observed in POLARIS CONSULTING & SERVICES LIMITED. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. POLARIS CONSULTING & SERVICES LIMITED has submitted their response.

Significant increase in volume has been observed in POLARIS CONSULTING & SERVICES LIMITED. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

The Exchange has sought clarification from Polaris Consulting & Services Ltd., with respect to recent news item captioned "Virtusa Close to Buying Polaris Consulting". 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 company. Polaris Consulting & Services Ltd. has submitted their response.

The Exchange has sought clarification from Polaris Consulting & Services Ltd., with respect to recent news item captioned "Virtusa Close to Buying Polaris Consulting". In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

News about POLARIS CONSULTING & SERVICES LIMITED. The media had reports that "Tech Majors in Race to Buy Polaris".. 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 company. POLARIS CONSULTING & SERVICES LIMITED has vide its letter inter-alia stated, "We confirm that we are in compliance with respect to disclosures that are required to be made under the Listing Agreement; and also confirm that there are no other developments in the com

The Exchange has sought clarification from Polaris Consulting & Services Limited, with respect to recent news item captioned "Tech Majors in Race to Buy Polaris". In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the Company is awaited.

News Verification : The media had reports that "US based Fiserv in talks to acquire Polaris". 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 company. Polaris Financial Technology Limited has vide its letter inter-alia stated,"During our 3rd Quarter results in January 2013, the Board of Directors authorized the Management Team to explore options that would provide an impetus to the company for the next stage of its growth. The context was

News Verification : The media had reports that "Polaris in Talks with Japan's NEC to Sell Services Division." . 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 company. Polaris Financial Technology Limited has vide its letter inter-alia stated, "We restate that there is as yet no decision or event that requires disclosure under the listing agreement. The Company has always placed in the public domain any such decision or event as and when i

News Verification : The media had reports that Polaris Financial Technology Limited is going to sell its services unit and several IT services companies are bidding for the same. 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 company. Polaris Financial Technology Limited has vide its letter inter-alia stated, "There is as yet no decision or event that requires disclosure under the listing agreement. The Company has always placed in the pub

News Verification : The media had reports on April 01, 2013 that Polaris Financial Technology Limited has approached Larsen & Toubro Limited and Wipro Ltd to sell its services unit. 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 company. Polaris Financial Technology Limited has vide its letter inter-alia stated, "We do not comment on speculative reports. We have always placed in the public domain any decision or event that requires disclos

News Verification : The media had reports that Citibank along with its various arms may offload over 40% 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 bring to your notice that the said news is neither from our company nor from any of our authorized representatives. We deny the said news."

News Verification : The media had reports that Fujitsu Services may acquire a substantial stake in the company. 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, "The said news item published in the media is neither from our Company nor from any of our authorized representatives. We have not sent out any such communication either to press or the anal

News Verification : The media had reports that Polaris Software Lab Limited may be in talks to sell stake to international software companies such as Microsoft, Oracle and Capgemini. 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 would like to formally state that the aforesaid news item is niether from the company nor from any of its authorize

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

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