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Hyderabad Flextech - Outcome of Board Meeting

Hyderabad Flextech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2008, has approved the following:

1. Merger of M/s. Ltd the Transferor Company with Keerthi Industries Ltd the Transferee Company.

2. Swap Ratio agreed : Every 25 shares of M/s. Ltd on share of Keerthi Industries Ltd.

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