Indian Infotech & Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25, 2011, inter alia, has taken the following decisions: Discussed the Scheme of Amalgamation under Section 391/394 of the Companies Act, 1956 of M/s. Niki Metal Company Limited and M/s. Lambodhar Nirmit Limited with M/s. Indian Infotech and Software Limited and decided to seek more Information before taking final decision. Indian Infotech & Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2011, inter alia, has approved the Scheme of Amalgamation u/s 391/394 of the Companies Act, 1956. The gist of the scheme is as follows: 1. Amalgamation of M/s. Niki Metal Company Ltd and M/s. Lambodar Nirmit Pvt. Ltd. with the company and allotment of shares on Preferential basis to Strategic Investors. 2. The board also approved the Valuation Report for the same. (As Per BSE Announcement Website dated on 01.11.2011) scheme of Arrangement providing for the following: 1. Merger of M/s. Lambodar Nirmit Limited and M/s. Niki Metal Company Limited with M/s. Indian Infotech and Software Limited; (As Per BSE Announcement Dated on 07.05.2012) Indian Infotech & Software Ltd has informed BSE regarding Outcome of Board Meeting held on May 31, 2012. Inter alia, has considered and approved the matters as fallows: Board consider and approved the allotment of Equity Shares to the Shareholders of the Transferor Companies as per the exchange ratio as defined in Scheme of arrangement: 1.Lambodar Nirmit Limites (1st Transferor Company) - 32,13,02,000 Equity Shares of Rs. 1 each face value. 2. Niki Metal Co. Limited (2nd Transferor Company) - 47,38,56,000 Equity Shares of Rs. 1 each face value. (As Per BSE Announcement Website Dated on 31/05/2012)