Vishal Information - Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Vishal Information Technologies Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

The Company has informed BSE that 30,00,000 Equity Shares of Re. 1/- each of the Company held by its promoter namely Tutis Technologies Ltd have been pledged in favour of IFCI Ltd on October 29, 2009.

Date of Reporting : November 02, 2009
Name of the Company : Vishal Information Technologies Ltd
Total no of outstanding shares of the Company : 24,17,91,135

Name of the Entity: Tutis Technologies Ltd

Details of Transaction
Date of Transaction : October 29, 2009
Number of Shares pledged: 30,00,000

Aggregate details after the transaction
Total no of shares held by the entity in the company: 6,72,60,930
Total No of shares pledged : 2,56,93,000
% of total shares pledged to total no of shares held by the entity in the Company : 38.20%
% of shares pledged to total no of outstanding shares of the Company : 10.63%