VISUALSOFT

Visualsoft Technologies Limited has informed the Exchange that "the scheme of Amalgamation with Megsoft Ltd. has been approved by the Hon'ble High Court of Andhra Pradesh at Hyderabad. The Scheme of Amalgamation has also been approved by the Hon'ble High Court at Chennai. The effective date for the purpose, has been reckoned w.e.f. 29th March 2007."

Visualsoft Technologies Limited has informed the Exchange on January 25, 2007 that: "The meeting convened by the Hon'ble High court of AP in respect of the scheme of amalgamation of Visualsoft Technologies limited with Megasoft Limited, was held today at Hotel Taj Residency, Road No-1, Banjara Hills, Hyderabad. The members attended at the meeting have approved the scheme of amalgamation, which was conducted by poll in pursuance of the directions of the Hon'ble High court of Andhra Pradesh".

Consequently, VisualSoft Technologies Limited, the transferor company will not consider the quarterly results for the period ended December 31, 2006."

Visualsoft Technologies Limited has informed the Exchange that "This has reference to the proposed scheme of amalgamation with Megasoft Limited, which was duly approved by the Board of Directors of the respective companies at the meeting held on September 30, 2006. As per the scheme of amalgamation approved by the respective Boards, the Appointed date is 1st Day of October 2006. As per the scheme, with effect from the Appointed Date and up to and including the Effective Date, VisualSoft Technologies Limited shall carry on its business activities with reasonable diligence and business prudence

Visualsoft Technologies Limited had informed the Exchange about the in-principle approval accorded by the Board of Directors for the amalgamation of VisualSoft Technologies Limited with Megasoft Limited on stock swap basis. The Company has now informed the Exchange that the Board at its meeting held on October 31, 2006 considered and approved the Scheme of Amalgamation and Entitlement Ratio Report submitted by M/s Price Waterhouse.The Entitlement ratio Report of M/s Price Waterhouse recommended swap ratio of 5:8 i.e five (Rs. 10/- each fully paid-up) equity shares of Megasoft for every Eight (

Visualsoft Technologies Limited has informed the Exchange that the Company as a part of its business consolidation process is exploring several strategic business opportunities including merger and acquisition options. The Company has received certain proposals from its Financial Advisors in this connection. The Board of Directors at the meeting held on September 30,2006, considered the various options placed before them. The Board, after deliberating and weighing the various options placed before it, has accorded it's in-principle approval to merge VisualSoft Technologies Limited with Megasof

Visualsoft Technologies Limited had informed the Exchange that the Board of Directors earlier at their meeting held on October 27, 2005 approved a scheme of amalgamation between Visualsoft Technologies Limited, Applabs Technologies PVt. Limited and eSolutions Pvt Limited. The Company has, subsequently, filed the necessary applications with the respective stock exchanges for obtaining in principle approval, in terms of clause 24(f) of the listing agreement. The approvals from the stock exchanges are still awaited. The Company has now informed the Exchange that the proposed scheme of amalgamatio

Visualsoft Technologies Limited has informed the Exchange that the Board of Directors at the meeting held on December 21,2005 considered and accorded final approval to the scheme of amalgamation of AppLabs Technologies Private Limited and eSolutions Private Limited with VisualSoft Technologies limited on stock swap basis. In accordance with the scheme of amalgamation and in consideration of acquisition of transferor companies, VisualSoft shall issue equity shares in the following ratio to the transferor companies: - 17 equity shares of Rs 10/- each to the equity shareholders of AppLabs Technol

Visualsoft Technologies Limited has informed the Exchange that Mr DVS Raju has tendered his resignation from the directorship of the company owing his preoccupation with development of world-class port at Gangavaram. The BODs at the meeting held on October 27, 2005 considered the resignation of DVS Raju and placed on record the appreciation of contribution made by Mr. DVS Raju during his tenure with the company. Consequently he ceased to be director of the Company. The BODs has also considered the appointment of Mr. Sashi Reddi as CEO of the company, w.e.f. November 01, 2005, who will take car