Goldstone Infratech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2009, inter alia, has approved the following: 1. Approved the proposal for amalgamation of Newtech Stewing Engineering Ltd, Shree Shree Telecom Pvt. Ltd and Sun Plast O Met Ltd into the Company. 2. Approved the appointment of Advocate and other intermediaries and also approved the draft scheme of amalgamation, draft valuation report & draft fairness certificate, subject to some modifications as suggested by the Board and authorized the Managing Director to finalize the same. Goldstone Infratech Ltd has informed BSE that the Hon'ble High Court of Andhra Pradesh vide its Order dated June 30, 2009 has approved the Company's Scheme of Amalgamation for the amalgamation of M/s. Shree Shree Telecom Pvt. Ltd; M/s. Newtech Stewing Telecom Ltd and M/s. Sun Plast O Met Ltd into the Company. (As Per BSE Announcement Website dated on 21.07.2009) Goldstone Infratech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2009, inter alia, has transacted the following: 1. Took on record the High Court order on Amalgamation of M/s. Shree Shree Telecom Pvt. Ltd; M/s. Newtech Stewing Telecom Ltd and M/s. Sun Plast O Met Ltd into the Company. 2. Decided to allot shares consequent to amalgamation, after getting the necessary required approvals from the Stock Exchanges, and 3. Approved to discontinue the BPO Division of the Company. (As Per BSE Announcement Dated on 28/07/2009)