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Proto Developers - Outcome of Board Meeting

Proto Developers & Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2008, has decided the following:

1. Approve the scheme of merger between & Technologies Ltd and Createch Solutions Ltd.

2. As per the scheme swap ratio will 2:1 i.e. against two shares of Createch Solutions Ltd, one share of and Technologies Ltd.

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