Indrayani Biotech - Outcome Of Board Meeting

Indrayani Biotech Ltd has informed that the Board of Directors of the Company at its meeting held on August 13, 2007, has approved a Scheme of Arrangement proposed between the Company and its Members and Creditors and Websource Technologies Ltd and its Members and Creditors, as place before the Board, for being submitted to the stock exchange and on obtaining their approval for being processed.