Nettlinx Ltd’s Board Approved For Issue Of 4,33,000 Equity Shares- March 12, 2009

Nettlinx Ltd has informed that the Board of Directors of the company at its meeting held on March 10, 2009, has considered and approved for issue of 4,33,000 (Four Lakh Thirty Three Thousand Only) number of Equity Shares of Rs 10/- each at a price as per SEBI guidelines, on Preferential Basis to M/s. My Guru Online Ltd., in consideration of acquisition of business, as a going concern.

The Directors also considered and convened Extra Ordinary General Meeting of Shareholders of the company for the purpose of issue of Shares on Preferential Basis.