Four Soft Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 08, 2014, has considered and approved the following: 1. The proposal of Merger of M/s. Palred Media and Entertainment Pvt. Ltd. and Pal Premium Online Media Pvt. Ltd. with Palred Technologies Limited (formerly known as Four Soft Limited) and authorized Mr. Palem Srikanth Reddy, Managing Director to appoint Independent Auditor, Advocate and Merchant Banker. Palred Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 24, 2014, has considered and duly approved: 1. The valuation report submitted by Independent Auditors M/s. M.M. Reddy & Associates, Chartered Accountants. 2. The fairness opinion submitted by merchant bankers M/s. Karvy Investor Services Limited. 3. The draft scheme of arrangement between Palred Technologies Limited (Transferee company) and Palred Media And Entertainment Private Limited (Transferor Company) and Pal Premium Online Media Private Limited (Transferor Company). (As per BSE Announcement Dated on 24.01.2014) Palred Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 11, 2014, inter alia, has considered and approved the final scheme and fairness opinion for the proposed merger of Palred Media and Entertainment Private Limited and Pal Premium Online Media Private Limited with Palred Technologies Limited. (As Per BSE Announcement Dated on 12.02.2014)