Mphasis Ltd on July 24, 2007 has announced that the Hon'ble High Court of Karnataka has approved the merger of EDS Electronic Data Systems India Pvt Ltd (EDS India) with the Company, with effect from April 01, 2006. The merger was approved by the shareholders of the Company in November 2006. The order of the court has been filed with the Registrar of Companies and with this the merger of the Company and EDS India is now complete. Speaking on the announcement, Jerry Rao, Chairman, said, "With the legal approval now in place, the Mphasis EDS combine becomes a scale player in India which has all along been a key objective. We are pleased that in strategic and in operational terms we are proceeding according to plan." The combined entity has nearly 23,000 people on its rolls. The High Courts at Mumbai and Karnataka sanctioned the scheme of merger on February 02, 2007 and June 19, 2007, respectively and it came into force on July 23, 2007 when it was flied with the Registrar of Companies, but is effective from April 01, 2006. As per the approved scheme of merger, the Company will issue 44.11 million shares to EDS. Post this, EDS consolidated shareholding in the Company will be 127.11 million shares forming about 61% of the share capital of the Company. Mphasis Ltd has announced the following Revised Audited Financial Results for the quarter & year ended March 31, 2007 pursuant to merger of EDS Electronic Data Systems (India) Pvt Ltd (EDS India) with the Company. The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 463.269 million for the quarter ended March 31, 2007 as compared to Rs 182.644 million for the quarter ended March 31, 2006. Total Income has increased from Rs 1039.379 million for the quarter ended March 31, 2006 to Rs 3268.616 million for the quarter ended March 31, 2007. The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 1315.337 million for the year ended March 31, 2007 as compared to Rs 762.257 million for the year ended March 31, 2006. Total Income has increased from Rs 3852.973 million for the year ended March 31, 2006 to Rs 10938.699 million for the year ended March 31, 2007. The Consolidated results are as follows: The consolidated results for the Quarter ended March 31, 2007 The Group has posted a net profit of Rs 628.547 million for the quarter ended March 31, 2007 as compared to Rs 351.558 million for the quarter ended March 31, 2006. Total Income has increased from Rs 2516.378 million for the quarter ended March 31, 2006 to Rs 5005.837 million for the quarter ended March 31, 2007. The consolidated results for the Year ended March 31, 2007 The Group has posted a net profit of Rs 1800.724 million for the year ended March 31, 2007 as compared to Rs 1498.575 million for the year ended March 31, 2006. Total Income has increased from Rs 9477.569 million for the year ended March 31, 2006 to Rs 17470.815 million for the year ended March 31, 2007. (As Per BSE Announcement Website Dated on 06/08/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of Mphasis Limited (Scrip Code: 526299, ISIN No: INE356A01018) are listed and permitted for trading on the Exchange with effect from Friday, August 24, 2007. Securities 4,41,04,065* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile EDS Electronic Data Systems (India) Pvt. Ltd. pursuant to Scheme of Amalgamation of the Company. Dist. Nos. 164464963 to 208569027 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that under mentioned equity shares issued pursuant to the scheme of amalgamation are under lock-in as per details given below. Number of Shares Details of Dist. Nos. Date upto which lock in 3,30,78,047 Demat 23.08.2008 1,10,26,017 Demat 23.08.2010 1 208569027 to 208569027 24.08.2008 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Courts of Karnataka and Bombay vide their Orders dated June 19, 2007 and February 02, 2007 respectively. b) Appointed Date: April 01, 2006 c) Effective Date: July 23, 2007 d) Date of Allotment: August 06, 2007 e) Exchange Ratio - For every 5 (Five) Equity Shares of Rs.10/- each held in erstwhile EDS Electronic Data Systems (India) Pvt. Ltd., 4 (Four) Equity share of Rs.10/- each of the Company have been issued. 4. The company's financial year ends on 31st March. (As per BSE Notice dated on 23/08/2007)