Information Given to Stock Exchanges

Intimation of Board Meeting on December 14, 2007

A meeting of the Board of Directors of the Company will be held on 14th December, 2007, at the registered office of the company and discussed the following subjects:

The Company is currently focused on SAP and had recently set up a hi-end SAP Competency Centre at Chennai which was inaugurated in November 2007. This centre of excellence is focusing on SAP related resource creation i.e. consultants, implementation tools, SAP remote hosting solutions and SAP based projects implementation & products. Within a year's time the Company aims to have a team of 300+ SAP professionals to cater to its global requirements.

In order to boost the said line of business, the Board of Directors strongly believe that the acquisition of SAP Centric Company as said in agenda item above would strengthen the turnover of the Company.

The above acquisition would be part-funded by allotment of GDRs (for which in-principle approval has already been obtained from Stock Exchange) amounting to 16.5 Million USD and also through Foreign Currency Convertible Bonds (FCCB) after obtaining approval from Reserve Bank of India (RBI).

Any other business with permission of chairman