VISUALSOFT

Members of the Exchange are hereby informed that the trading in equity shares of VisualSoft Technologies Limited shall be suspended w.e.f. April 30, 2007 (i.e. closing hours of trading on April 27, 2007) on account of Scheme of Amalgamation of the Company with Megasoft Limited.

News Verification : The media had reports on August 12, 2006 that VisualSoft Technologies Limited is being evaluated by three companies, two of them Chennai-based technology companies and third, Megasoft Limited for potential buyout. 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. VisualSoft Technologies Limited has vide its letter inter-alia stated, "The Company has made its intentions clear on the business front

News Verification : The media had reports that Megasoft Ltd is likely to acquire VisualSoft Technologies 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. VisualSoft Technologies Limited has vide its letter inter-alia stated,"We wish to submit and clarify in this regard that the company has not finalised any such plans at present and therefore, hereby deny the news item and speculation/rumours published/repo

Clarification of News : The media had reports that VisualSoft Technologies Limited is likely to acquire a US based 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. VisualSoft Technologies Limited has vide its letter inter-alia stated, "We wish to submit and clarify that the company has not finalized any such plans at present and therefore, hereby deny the news item".

Clarification of News : The press had reports that Mr Srini Raju of iLabs, is in talks with the promoters of VisualSoft Technologies Limited, for a possible buyout. 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. VisualSoft Technologies Limited has vide its letter inter-alia stated, "We don't have, so far, any intimation from Mr Srini Raju of iLabs regarding the acquisition of shares in the company ".