Indrayani Biotech equity shareholders to approve Scheme of Arrangement

Indrayani Biotech Ltd has informed BSE that pursuant to the order dated April 16, 2009 and further order dated April 23, 2009, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on June 24, 2009, for the purpose of considering and if thought fit, approving with or without modification, the arrangement embodied in the Scheme of Arrangement between Indrayani Biotech Ltd (the Applicant Company), Indrayani Tissue Culture Pvt. Ltd, YoGoYo Division of Websource Technologies Ltd and its Equity Shareholders and Unsecured Creditors.