Spectacle Infotek Limited - Updates

Spectacle Infotek Ltd has informed BSE that the Company has recently entered in to a joint venture Agreement with Motion Pixel Corporation Holding Inc. Florida-based animation company with a high-end media and animation studio with operations in Costa Rica, Florida, to produce animation movie, animation games, 3D visualization, distribution and licensing of animation films and TV series and present activities of the Company include Information technology, multimedia, networking services, mining, supplying, trading etc. The present name does not convey the magnitude of operations of the Company and expresses only part of its activities. With a view to ensure that the name of the Company adequately reflects the current business and the renewed focus in being global multimedia and IT Company, it is proposed to change the name of the Company from "Spectacle Infotek Limited" to "Spectacle Ventures Limited".