Aksh Optifibre Limited has informed the Exchange vide its letter dated March 05, 2009, that: "At its meeting held today on 5th day of March, 2009, the Board of Directors of the Company has, inter alia, decided/approved the following matters: 1) To transfer by way of sale, lease or otherwise dispose off, as going concerns, the whole, or substantially the whole, of the Manufacturing undertakings of the company engaged in manufacture of Optic Fibre, Optic Fibre Cable, FRP Rods and other telecom cables at its manufacturing facilities located at: (i) Plot No. F-1075-81, RIICO Indl Area, Phase-III, Bhiwadi; (ii) Plot No. A 315 (B), RIICO Indl Area, Phase-II, Bhiwadi; (iii) Plot No. A-58-59, RIICO Indl Area, Kathushyamji, Reengus to its Wholly Owned Subsidiary namely AKSH TECHNOLOGIES LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at 1080, RIICO Indl. Area, Phase III, Bhiwadi - 301 019. 2) The Company shall seek requisite approval of shareholders under section 293(1) (a) of the Companies Act, 1956 by postal ballot".