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Outcome of board meeting of Frontier Information Technologies

Frontier Information Technologies announced that the Board of Directors of the Company at its meeting held on 24 April 2014 approved the appointment of Sudhir Anand Varma Pakalapati, Vivekananda Sree Pakalapati, Anantha Chary Rachakonda and Raj Kumar Turlapati as Additional Directors in Independent Capacity. The board deferred the approval of scheme of restructuring.

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