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Educomp Solutions Ltd has informed BSE that the Remuneration Committee of the Company by passing resolution by circulation on June 16, 2008 has allotted 1,830 Equity Shares of Rs 10/- each, under ESOP Scheme 2006 of the Company pursuant to exercise of the stock options by the eligible employees.

Further, after allotment of 1,830 shares, paid up Share Capital has increased from Rs 17,27,85,840/- consisting of 1,72,78,584 equity shares of Rs 10/- each to Rs 17,28,04,140/- consisting of 1,72,80,414 equity shares of Rs 10/- each.

Educomp Solutions Ltd has informed BSE that Educomp has received Letter of Intent (LOI) from School Education Department, Government of Andhra Pradesh for implementation of Computer Aided Learning in 890 High Schools in Andhra Pradesh under BOOT model. Agreement with School Education Department, Government of Andhra Pradesh will be signed shortly.

With this order the total number of schools in the Educomp portfolio has gone upto 7289.

Educomp has also added one new state to its existing base of operations. Educomp now
works with 12 states in India.

Educomp Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 02, 2008 has also decided, in addition to the use the proceeds of proposed GDR Issue for Company’s Smart Class and ICT business segments (as approved by the shareholders in their resolution dated May 24, 2008), to take the approval of shareholders in the forthcoming Annual General Meeting of the Company for using the proceeds of proposed GDR Issue for following additional purposes:

1. Investment in Educomp Infrastructure Pvt Ltd, Educomp School Management Ltd for its K-12 initiatives and other subsidiaries for expansion of the Company’s operations.

2. Potential strategic acquisitions or joint ventures both domestic & overseas,

3. Capital expenditure for Smart_Class (India & China ) and ICT Solutions in Fiscal Year 2010,

4. Higher Education Initiatives / Vocational & Professional Education Initiatives in India; and

5. such other purposes as may be permitted from time to time in compliance with applicable guidelines issued by the Reserve Bank of India and the Government of India.

Educomp Solutions Ltd has informed BSE that Shareholders on May 24, 2008 through postal ballot approved the following:

a. Raising of funds upto USD 500 million through ADR / GDR / FCCB / QIP.

b. Increase in authorized Share Capital from Rs 20 Crores to Rs 25 Crores.

Accordingly Board of Directors in its meeting held on June 02, 2008 has decided to raise up to USD 250 million through issue of Global Depository Receipts (”GDR issue”) - including a green shoe option (if any) of up to 15% of the size of the issue with modified end use to be approved by the Shareholders in the forthcoming Annual General Meeting.

Educomp Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 02, 2008, inter alia, has recommended a final dividend @ 25% on the equity share Capital of the Company i.e. Rs 2.50 per Equity Share for the financial year
2007-08 subject to the approval of shareholders at the Forthcoming Annual General Meeting. Total Dividend Payout inclusive of dividend tax will be Rs 50.54 million only.

Educomp Solutions Ltd has announced the following Audited results for the year ended March 31, 2008:

The Company has posted a net profit of Rs 700.61 million for the year ended March 31, 2008 as compared to Rs 285.84 million for the year ended March 31, 2007. Total Revenue has increased from Rs 1121.72 million for the year ended March 31, 2007 to Rs 2769.03 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Group has posted a net profit after minority interest of Rs 705.61 million for the year ended March 31, 2008 as compared to Rs 286.80 million for the year ended March 31, 2007. Total Revenue has increased from Rs 1159.79 million for the year ended March 31, 2007 to Rs 3038.39 million for the year ended March 31, 2008.

Educomp Solutions Ltd has informed BSE that Educomp has form two Joint Ventures with Raffles Education Corp., Asia Pacific’s largest private Education Group as follows:

- 50:50 Joint Venture in India & 50:50 Joint Venture in China
- Joint Ventures will open up growth opportunities for both parties in Asia Pacific’s two  largest economies.

Educomp Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 02, 2008, inter alia, to transact the following:

1. To consider, approve and adopt Audited standalone and consolidated Annual accounts for the year ended March 31, 2008.

2. To recommend Final dividend, if any, for the year ended March 31, 2008.

Educomp Solutions Ltd has informed BSE that the Remuneration Committee of the Company at its meeting held on May 15, 2008 has allotted 5790 Equity Shares of Rs 10/- each, under ESOP Scheme 2006 of the Company pursuant to exercise of the stock options by the eligible employees.

Further, after allotment of 5790 shares, paid up Share Capital has increased from Rs 17,27,27,940/- consisting of 1,72,72,794 equity shares of Rs 10/- each to Rs 17,27,85,840/- consisting of 1,72,78,584 equity shares of Rs 10/- each.

Educomp Solutions Ltd has informed BSE that the Remuneration Committee of the Company at its meeting held on April 30, 2008 has allotted 7640 Equity Shares of Rs 10/- each, under ESOP Scheme 2006 of the Company pursuant to exercise of the stock options by the eligible employees.

Further, after allotment of 7640 shares, paid up Share Capital has increased from Rs 17,26,51,540/- consisting of 1,72,65,154 equity shares of Rs 10/- each to Rs 17,27,27,940/- consisting of 1,72,72,794 equity shares of Rs 10/- each.