Take Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2008, inter alia, has transacted the following: The approval of the Board be and is hereby accorded in principle approval for the proposed Merger of Four Soft Ltd, a Hyderabad based software Company with the Company and the appointment of / or engaging of consultants, advisors and valuers for the purpose of the proposed merger of Four Soft Ltd, with the Company. With reference to the earlier announcement dated February 06, 2009 regarding Outcome of Board Meeting held on February 06, 2009, Four Soft Ltd has now informed BSE that the said Outcome has been revised by the Company. The Revised Outcome of the said Board Meeting should be read as follows: In view of the volatile market situations, the Company has decided to shelve the Intended merger with Take Solutions Ltd. (As Per BSE Announcement Website dated on 09.02.2009)