Polaris Financial Technology has informed that the board of directors of the company at its meeting held on October 12, 2012 has approved the audited financial results for the financial year ended March 31, 2012 after incorporating the scheme of arrangement (Demerger) with effect from October 01, 2011 between Optimus Global Services Ltd. and Polaris Financial Technology Ltd. as approved by the Honorable High Court of Judicature at Madras.
The above information is a part of company's filings submitted to BSE.