Indrayani Biotech Ltd has informed BSE that the equity shareholders of the Company at its Court Convened Extra Ordinary General Meeting held on June 24, 2009, have accorded the following: Approval of Scheme of Arrangement: - Approved the arrangement embodied in the Scheme of Arrangement between Indrayani Biotech Ltd, Indrayani Tissue Culture Pvt. Ltd and YoGoYo division of Websource Technologies Ltd its Equity Shareholders and Unsecured Creditors, pursuant to the provisions of Sections 391 to 394 read with Sections 100 to 104 and other applicable provisions of the Companies Act, 1956, if any, and subject to the approval of Hon'ble High Court of Judicature at Bombay or any other appropriate authorities, placed before the meeting and initialled by the Chairman for the purpose of identification. SUB. :- Scheme of Arrangement of Indrayani Biotech Ltd. (Scrip Code 526445) Trading members of the Exchange are hereby informed that, Indrayani Biotech Ltd (IBL) has fixed the Book Closure for the purpose of Reduction of Capital of the company pursuant to the order passed by Hon'ble High Court of Bombay. Trading Members are advised not to deal in the equity shares of the company with effect from the under mentioned date. COMPANY NAME & CODE Indrayani Biotech Ltd. (526445) BOOK CLOSURE 28/09/2010 TO 30/09/2010 PURPOSE Scheme of Arrangement: A) Demerger and transfer and vesting of the whole of the undertaking of IBL into Indrayani Tissue Culture Private Limited (ITCPL) Upon the coming into effect of this Scheme and in consideration of the transfer and vesting of the undertaking of IBL in ITCPL, ITCPL shall, issue and allot ONE (1) equity share of Rs. 10/- each to each of the shareholders of IBL against ONE (1) equity share held in IBL. B) Reduction of Capital: Upon the scheme being effective, the authorized share capital of IBL shall remain unaltered and the subscribed and paid up share capital of IBL shall stand reduced by 88%; from Rs. 5,86,89,000/- to Rs. 70,42,680/- divided into 7,04,268 equity shares of the face value of Rs. 10/- each. Consequently, every equity shareholder of IBL who is a member of IBL shall hold THREE (3) equity shares of Rs. 10/- in lieu of TWENTY FIVE (25) equity shares of Rs. 10/- of IBL. NO DEALINGS FROM DATE & SETT. NO. 24/09/2010 DR-126/2010 -2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 16.09.2010)