Information Given to Stock Exchanges

Board Meeting convened on October 3, 2006

A meeting of the Board of Directors of the Company, held on 3rd October 2006, discussed and decided the following:

• The effect to be given to the present Equity Capital of the Company as per the Court Order regarding the approval given by the Hon'ble High Court of Chennai Judicature for reduction of capital from Rs. 56,32,06,350/- consisting of 5,63,20,635 equity shares of Rs. 10/- each into Rs. 5,63,20,635/- consisting of 5,63,20,635 equity shares of Rs. 1/- each.
• The Record Date was fixed 27th October 2006 (on Friday) so as to give effect to the equity shares as per the Court order regarding the Equity Share Capital Reduction.

Change in the Name of the Company:

The Register of Company has issued the fresh incorporation certificate, on 1st May 2006, by which the name of the Company was changed to "KAASHYAP TECHNOLOGIES LIMITED" with effect from 14th June 2006 (formerly named "KAASHYAP RADIANT SYSTEMS LIMITED")

Address at which the share transfer documents and other Correspondence to be made.

The share transfer documents other queries of the investors should be send to the following address of the Company:

Mr. R. Chandrasekaran (General Manager)
M/s. Kaashyap Technologies Limited
B.R.Complex, llnd Floor,
33/8, C.P.Ramasamy Road.
Alwarpet.
Chennai - 600 018.