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Tutis Technologies Ltd has informed BSE that Basiz Fund Service Pvt Ltd (”Basiz”), a subsidiary company of Vishal Information Technologies Ltd, subsidiary company of Tutis Technologies Ltd, has received capital investment of Rs 8,56,40,000/- (Rupees Eight Crores Fifty Six Lacs Forty Thousand only) on June 13, 2008 from NEA Indo US Venture Capital LLC, (”NEA”) a company having its registered office at Mauritius towards investment into equity and Cumulative Convertible Participative Preference Shares. Basiz has also appointed Dr. Kumar Shiralagi, as a nominee of NEA as a Director on its Board. The said funds will be utilized for development and marketing of fund accounting services provided by Basiz.

Tutis Technologies Ltd has informed BSE that the Company is proposing to adopt the Audited Financial Results for the Financial Year ended on March 31, 2008 by or before the due date.

Accordingly, the Company will not consider and adopt the Un-audited Quarterly Financial Results (Provisional) for the last quarter of the year 2007-2008 i.e. Fourth Quarter ended on March 31, 2008.