Dhanus Technologies - Updates

Dhanus Technologies Ltd has informed BSE that the Company has entered into a Memorandum of Understanding with a E-Governance Solution Provider Company called Sreeven Infocom Pvt Ltd., Hyderabad on November 21, 2007.

The MOU Provides for conversion of Sreeven Infocom Pvt Ltd., into a Public Limited Company and Subsequently allot around 2.5 million Equity Shares of Rs 10/- each (at a premium of Rs 10/- each) Subject to the Company obtaining the necessary regulatory approvals.