Technofab Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2011, has passed resolutions with regard to the following: 1. Purchase of entire shareholding of Clearwater Ltd., a Company registered under the Companies Act, 1956 and having its registered office at B-14/1, Okhla Industrial Area, Phase-II, New Delhi which is engaged in the business of setting up projects on turnkey basis pertaining to water, sewage and industrial effluent treatment and all kinds of civil engineering works relating to the same. 2. Purchase of entire shareholding of Arihant Flour Mills Pvt. Ltd., a Company registered under the Companies Act, 1956 and having its registered office at D-15, Defence Colony, New Delhi-110024.