Tulip IT changes name to Tulip Telecom

Tulip IT Services Ltd has informed that the Board of Directors of the Company at its meeting held on March 14, 2008, inter alia, has considered the following business, subject to the approval of the shareholders, through the postal ballot:

1. Change of name of the Company from "TULIP IT Services Ltd" to "Tulip Telecom Ltd".

2. Appointment of Mr. Deepinder Singh Bedi, as a Whole Time Director pursuant to Section 269 read with schedule XIII of the Companies Act, 1956.