Sungold Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2010, inter alia, has considered and taken on record the following matters: The Board has also decided to merge with M/s Magic Touch Infotech Ltd. Sungold Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 03, 2010, inter alia, has approved as under: Approved the Scheme of Arrangement of Magic Touch Infotech Ltd. (Transferor Company) with Sungold Capital Ltd. (Transferee Company), under Sections 391 to 394 of the Companies Act, 1956, subject to the requisite approvals from the members and creditors of the companies, regulatory authorities and the Hon'ble Gujarat High Court. The Board of Directors of the Company has also approved the Exchange Ratio for the proposed Scheme of Arrangement as suggested in the valuation report by the Chartered Accountants. The draft Scheme of Arrangement approved by the Board of Directors of the Company for the proposed Scheme of Arrangement on will be filed with the Stock Exchange Ltd and Ahmadabad Stock Exchange Ltd. for necessary approval. (As Per BSE Announcement Dated on 03.09.2010) Sungold Capital Ltd has informed BSE that the court convened meeting of the Shareholders of the Company as per Order dated July 21, 2011 of Hon'ble High Court of Gujarat at Ahmedahad has been duly convened on September 03, 2011 at the Registered Office of the Company, has approve and take on record the following matters: - Scheme of Amalgamation & Arrangement between Magic Touch InfoTech Ltd. (Transferor Company) and Sungold Capital Ltd. (Transferee Company) under section 391-394 of Companies Act 1956 has been approved by majority number of shareholders. (As Per BSE Announcement Website dated on 05.09.2011) Sungold Capital Ltd has informed BSE that the Scheme of Amalgamation of Magic Touch Infotech Limited (Transferor Company) with Sungold Capital Limited (Transferee Company) is been sanctioned by the Hon'ble High Court of Gujarat at Ahmedabad vide its Order dated March 20, 2012. (As Per BSE Announcement Website dated on 26.03.2012) Sungold Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2012, inter alia, has considered and approved the following: 1. The Board of Directors has taken on record the Certified True Copy of Order dated March 20, 2012 of the Hon'ble Gujarat High Court at Ahmedabad sanctioning the Scheme of Amalgamation of Magic Touch lnfotech Ltd (Transferor Company) with Sungold Capital Ltd (Transferee Company). 2. The Board of Directors has allotted 69,90,000 (Sixty Nine Lac Ninety Thousand) equity shares of Rs. 10/- (Rupees Ten Only) each fully paid up to the Equity shareholders of Transferor Company pursuant to Scheme of Amalgamation. (As Per BSE Announcement Website dated on 31.03.2012) Sungold Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2012, inter alia, has considered and approved the following: 1. The Board of Directors has taken on record the Certified True Copy of Order dated March 20, 2012 of the Hon'ble Gujarat High Court at Ahmedabad sanctioning the Scheme of Amalgamation of Magic Touch lnfotech Ltd (Transferor Company) with Sungold Capital Ltd (Transferee Company). 2. The Board of Directors has allotted 69,90,000 (Sixty Nine Lac Ninety Thousand) equity shares of Rs. 10/- (Rupees Ten Only) each fully paid up to the Equity shareholders of Transferor Company pursuant to Scheme of Amalgamation. Sungold Capital Ltd has submitted to BSE a copy of resolution passed in the meeting of the Board of Directors of the Company held on March 31, 2012. - Subject to the scheme of amalgamation of Magic Touch Infotech Limited (Transferor Company) and Sungold Capital Limited (Transferee Company) being sanctioned by the Gujarat High Court and subject to such other consents, permissions, approvals and sanctions as may be necessary and subject to such terms and conditions as may be determined by the Board of Directors of the Company of any Committee thereof and in accordance with the Memorandum and Articles of Association of the Company, consent and approval of the Company be and is accorded under Section 81(1A)(a) and other applicable provisions of the Companies Act, 1956, if any , to the Board of Directors of the Company or any Committee thereto, to make issue of 69,90,000 (Sixty Nine Lac Ninety Thousand) equity shares of Rs. 10 (Ten) each fully paid up of the Company to the equity shareholders of Magic Touch Infotech Limited (Transferor Company). (As Per BSE Announcement Website dated on 31.03.2012)