VISUALSOFT

Visualsoft Technologies Limited has informed the Exchange that the board at the meeting held on January 24,2006 considered the sale of land at Vizag. The board at the meeting also considered raising of Foreign Currency Loan/Rupee term loan to the tune of Rs.90 crores for overseas acquisitions/business expansions. The company had informed the Exchange regarding merger of Applabs Technologies Private Limited,Hyderabad and eSolutions Private Limited, Chennai with VisualSoft Technologies Limited. The company has further informed that the appointed date considered for in the draft scheme of arrang

Visualsoft Technologies Limited has informed the Exchange that the Board of Directors at the Meeting held on July 25, 2005 have considered some changes in the Executive Management Structure of the Company. As a part of these changes, Mr DVS Raju, the Chairman and Managing Director of the Company has resigned as Managing Director. However, he will continue to be non-executive Chairman of the Company and is responsible for mentoring the core management team. Mr. Sudhakar R Gunturu, Wholetime Director, has been appointed as Managing Director of the Company with effect from July 25, 2005 for a per