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.

Visualsoft Technologies Limited had informed the Exchange regarding intimation of the Court approvals and effective date i.e. March 29, 2007 for the Scheme of Amalgamation of VisualSoft Technologies Limited with the Megasoft Limited and fixing of the record date for arriving at the list of shareholders of VisualSoft Technologies Limited for issue of shares of Megasoft in terms of the duly approved Scheme of amalgamation. The company has now informed the Exchange that: "The Board of Directors of the Transferee Company have fixed Wednesday the 9th day of May 2007 as the Record Date for arriving

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 submitted to the Exchange a copy of the chairman Report with regard to the court convened meeting held on 25th January, 2007 at Hyderabad which was filed with the Hon'ble High Court of AP with regard to the scheme of amalgamation. 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).<a href=/content/corporate/visual_chairman_230207.zip target=NEW> For more details click here.</a>

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 has informed the Exchange that by an order made on December 21,2006 the Hon'ble High Court of Judicature, Andhra Pradesh at Hyderabad has directed that the meeting of the shareholders of the company be held on January 25,2007 for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed scheme of amalgamation of the company with Megasoft Limited. 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/Corporat

Visualsoft Technologies Limited has informed the Exchange that: The 11th Annual General Meeting of the company was held on December 22, 2006 at 10.00 am at Bhaskara Auditorium, B.M. Birla Museum, Adarsh Nagar, Hyderabad, 500 063 to consider the business as set out in the notice of AGM. As set out in the notice, Mr VS Raju the retiring director has been re appointed as Director of the company liable to retire by rotation. Mr Anil Sood and Mr J.Srihari Raju, the additional directors have been appointed as Directors of the company liable to retire by rotation. The Managing Director, Mr Sudhakar R

Visualsoft Technologies Limited has informed the Exchange that the Register of Members and share transfer books will remain closed from December 15,2006 to December 22,2006 (both days inclusive). Further, the AGM will be held on December 22,2006, which was decided by the Board of Directors at the meeting held on November 11,2006.

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 has informed the Exchange that the company is in receipt of approval from Registrar of Companies, Andhra Pradesh for extension of time for holding the ensuing AGM by 3 months. The AGM of the Company will therefore be held on or before December 31,2006.

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

Visualsoft Technologies Limited has informed the Exchange that the Compensation Committee at the meeting held on April 25, 2006 granted 5,50,000 stock options to the eligible employees at market price i.e.Rs.124.30 with a vesting period of 50% at end of 1st year and the remaining 50% at the end of the 2nd year, in accordance with the SEBI guidelines.

Visualsoft Technologies Limited has informed the Exchange that Prudential ICICI Mutual Fund has acquired 1,00,000 shares aggregating to 0.50% of the share capital of VisualSoft Technologies Limited on April 03, 2006. The mode of acquisition is Secondary Market Purchase and the shareholding of Prudential ICICI Mutual Fund after the said acquisition is 10,50,942 shares aggregating to 5.26% of the share capital of VisualSoft Technologies Limited.

Prudential ICICI Asset Management Company Limited has informed the Exchange that they have acquired 1,00,000 shares aggregating to 0.50% of the paid up share capital of Visualsoft Technologies Limited on April 03, 2006. The mode of acquisition is through Secondary Market and the holding of Prudential ICICI Mutual Fund after the acquisition is 1,050,942 shares. Details of holidng of shares under its schemes is as under :- 1) The total shareholding of Prudential ICICI Discovery Fund is 4,25,000 aggregating to 2.13% ; 2) The total shareholding of Prudential ICICI Emerging S.T.A.R. (Stocks Targ

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 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 Citigroup Global Markets (Mauritius) Pvt. Ltd. has sold 200,000 shares aggregating to 1% of the total share capital of Visualsoft Technologies Ltd. on January 04, 2006. The mode of sale is through Secondary Market sale and the shareholding of Citigroup Global Markets (Mauritius) Pvt. Ltd. after the said sale is 5,90,000 shares aggregating to 2.95% of the total share capital of Visualsoft Technologies Ltd..

Citibank N.A. has informed the Exchange that Citigroup Global Markets (Mauritius) Pvt. Ltd. has sold 200,000 shares aggregating to 1% of the total share capital of Visualsoft Technologies Ltd. on January 04, 2006. The mode of sale is through Secondary Market sale and the shareholding of Citigroup Global Markets (Mauritius) Pvt. Ltd. after the said sale is 5,90,000 shares aggregating to 2.95% of the total share capital of Visualsoft Technologies Ltd.

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

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".

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

Visualsoft Technologies Limited has submitted to the Exchange a copy of the proceedings of the AGM of the Company held on September 16, 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).

Visualsoft Technologies Limited has informed the Exchange that Company with a view to broad base the Board, has inducted Mr. J.Srihari Raju and Mr.Anil K.Sood as Additional Directors on the Board of the Company at the Board Meeting held on September 23, 2005.

Visualsoft Technologies Limited has informed the Exchange that Chintalapati Holdings Private Limited has acquired 9,88,987 shares aggregating to 4.95% of the total paid up capital of Visualsoft Technologies Limited on September 08, 2005. The mode of acquisition is Open Market Purchase and the shareholding of Chintalapati Holdings Private Limited after the said acquisition is 9,88,987 shares aggregating to 4.95% of the total paid up capital of Visualsoft Technologies Limited.

Visualsoft Technologies Limited has informed the Exchange that Venture Tech Solutions Private Limited has acquired 7,33,200 shares aggregating to 3.67% of the total paid up capital of Visualsoft Technologies Limited on September 08, 2005. The mode of acquisition is Open Market Purchase and the shareholding of Venture Tech Solutions Private Limited after the said acquisition is 7,33,200 shares aggregating to 3.67% of the total paid up capital of Visualsoft Technologies Limited.

Visualsoft Technologies Limited has informed the Exchange that relatives of promoters have sold shares of the Company in the Open Market as follows: 1) D. Gopala Raju has sold 363,300 shares aggregating to 1.82% of the share capital of Visualsoft Technologies Limited on September 08, 2005 and the shareholding after the said sale is Nil shares of the Company. 2) D. Suryakantamma has sold 329,858 shares aggregating to 1.65% of the share capital of Visualsoft Technologies Limited on September 08, 2005 and the shareholding after the said sale is Nil shares of the Company. 3) D. Padma has sold 292,

Venture Tech Solutions Private Ltd.,investment company held by Mr. Sandeep N. Reddy, has informed the Exchange that they have acquired 7,33,200 shares aggregating to 3.67% of the total paid up capital of Visualsoft Technologies Limited on September 08, 2005. The mode of acquisition is Open Market and the shareholding of Venture Tech Solutions Private Ltd. after the said acquisition is 7,33,200 shares aggregating to 3.67% of the total paid up capital of Visualsoft Technologies Limited.

Chintalapati Holdings (P) Ltd.,investment company held by Mr. Srinivasa C. Raju, has informed the Exchange that they have acquired 9,88,987 shares aggregating to 4.95% of the total paid up capital of Visualsoft Technologies Limited on September 08, 2005. The mode of acquisition is Open Market and the shareholding of Chintalapati Holdings (P) Ltd after the said acquisition is 9,88,987 shares aggregating to 4.95% of the total paid up capital of Visualsoft Technologies Limited.

Citibank N.A. has informed the Exchange that Citigroup Global Markets (Mauritius) Pvt. Ltd. has acquired 282,473 shares aggregating to 1.414% of the total paid up capital of Visualsoft Technologies Ltd. on August 19, 2005. The mode of acquisition is through Secondary Market Purchases and the shareholding of Citigroup Global Markets (Mauritius) Pvt. Ltd. after the said acquisition is 1,158,044 shares aggregating to 5.797% of the total paid up capital of Visualsoft Technologies Ltd..

Visualsoft Technologies Limited has informed the Exchange that Citigroup Global Markets (Mauritius) Pvt. Ltd. has acquired 282,473 shares aggregating to 1.42% of the total paid up capital of Visualsoft Technologies Ltd. on August 19, 2005. The mode of acquisition is through Secondary Market Purchase and the shareholding of Citigroup Global Markets (Mauritius) Pvt. Ltd. after the said acquisition is 1,158,044 shares aggregating to 5.80% of the total paid up capital of Visualsoft Technologies Ltd.

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 ".

SAIF II Mauritius Company Limited has informed the Exchange that they have acquired 2,796,596 equity shares aggregating to 14% of the total paid up capital of VisualSoft Technologies Limited on August 16, 2005. The mode of acquisition is through Private arrangement (i.e. pursuant to a share purchase agreement dated August 16, 2005) and the shareholding of SAIF II Mauritius Company Limited after the said acquisition is 2,796,596 equity shares aggregating to 14% of the total paid up capital of VisualSoft Technologies Limited.

Visualsoft Technologies Limited has informed the Exchange that SAIF II Mauritius Company Limited have acquired 27,96,596 equity shares aggregating to 14% of the total paid up capital of VisualSoft Technologies Limited on August 16, 2005. The mode of acquisition is through Private arrangement (i.e. pursuant to a share purchase agreement dated August 16, 2005) and the shareholding of SAIF II Mauritius Company Limited after the said acquisition is 27,96,596 equity shares aggregating to 14% of the total paid up capital of VisualSoft Technologies Limited.

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

Visualsoft Technologies Limited has informed the Exchange that the BOD's have decided to convene the AGM of the Company on September 16, 2005. Consequently, the register of members and share transfer books will remain closed from September 09, 2005 to September 16, 2005 (both days inclusive).

Visualsoft Technologies Limited has informed the Exchange that the Board of Directors at the meeting held on July 25, 2005 have: 1) Recommended a Dividend of Rs.2.50 per share (25%), subject to the approval of members at the forthcoming AGM. 2) The Register of members and share transfer books will remain closed from September 09, 2005 to September 16, 2005 (both days inclusive) for the purpose of Payment of Dividend for the year 2004-05 @ Rs.2.50 per Share. 3) AGM will be held on September 16, 2005 which was decided by the Board of Directors at the meeting held on July 25, 2005.

Visualsoft Technologies Limited has informed the Exchange that Mr. K. Krishnam Raju, Director has resigned from the Board of the company owing to preoccupation with his personal business plans.

Visualsoft Technologies Limited has informed the Exchange that Citigroup Global Markets (Mauritius) Pvt. Ltd. have acquired 85,000 shares aggregating to 0.43 % of the total paid up capital of Visualsoft Technologies Ltd. on June 07, 2005. The mode of acquisition is Secondary Market Purchase and the shareholding of Citigroup Global Markets (Mauritius) Pvt. Ltd. after the said acquisition is 10,73,399 shares aggregating to 5.38% of the total paid up capital of Visualsoft Technologies Ltd.

Visualsoft Technologies Limited has informed the Exchange regarding the change in the shareholding of officers(i.e. Asst.Vice President and above) of the company as follows:1) Sudhakar R. Gunturu has sold 9000 shares. 2) D. Gnaneswar has sold 800 shares. 3) K.Bala Nagendra Babu has sold 1800 shares and 4) N.V.G. Krishna Kumar has sold 1500 shares.

Citibank N.A. has informed the Exchange that Citigroup Global Markets (Mauritius) Pvt. Ltd. have acquired 85,000 shares aggregating to 0.426 % of the total paid up capital of Visualsoft Technologies Ltd. on June 07, 2005. The mode of acquisition is Secondary Market Purchase and the shareholding of Citigroup Global Markets (Mauritius) Pvt. Ltd. after the said acquisition is 1,073,399 shares aggregating to 5.374% of the total paid up capital of Visualsoft Technologies Ltd.

Visualsoft Technologies Limited has informed the Exchange that the shareholding of Directors as on March 31, 2005, are as follows : 1) Mr. D V S Raju - 783600 shares; 2) Mr. K Krishnam Raju - 41041 shares; 3) Prof. S Sadagopan - Nil shares; 4) Mr. V S Raju - Nil Shares; 5) Mr. Sudhakar R Gunturu - 9000 shares; 6) Mr. Raju A Indukuri - Nil shares. The company has further informed that shareholding of Officers (i.e. Asst Vice President and above) of the Company as on March 31, 2005 are as follows: 1) D Gnaneswar - 1250 Shares; 2) K Bala Nagendra Babu - 3300 shares; 3) K Hema Bhushan Reddy - 315

Visualsoft Technologies Limited has informed the Exchange of the change in the shareholding of officers of the company. The details of the sale are as follows:1) K. Harnath has sold 7500 shares. 2) D. Gnaneswar has sold 2250 shares. 3) V. Krishnan has sold 6000 shares and 4) G.S.V. Ranga has sold 3000 shares.

Visualsoft Technologies Limited has informed the Exchange that the Paid-up Capital of the Company has been increased from Rs.19,88,88,900/- to Rs.199756800/- divided into 1,99,75,680 equity shares of Rs.10/- each, consequent to allotment of 86,790 equity shares to the employees of the company under Employee Stock Option Scheme, by the BoD's through circular resolution passed on September 27, 2004.

Visualsoft Technologies Limited has informed the Exchange that in response to the Company's application for delisting of its equity shares, the Hyderabad Stock Exchange have delisted the equity shares of the company w.e.f. September 20, 2004.

Visualsoft Technologies Limited has informed the Exchange that the BoD's by way of circular resolution passed on September 27, 2004, approved the allotment 86,790 equity shares of Rs.10/- each to the employees of the company who have exercised the options under ESOP Scheme.