he company is likely to be merged with parent company Tech Mahindra

Indian outsourcer Satyam Computer Services informed the Bombay Stock Exchange (BSE) on Monday that it has applied to India's Company Law Board (CLB), seeking an extension to Sept. 30 for filing its 2008 and 2009 financial results.

Over a year after Indian outsourcer Satyam Computer Services reported a major financial fraud at the company, research firm Forrester still cautions customers doing business with it.

India’s federal investigation agency has submitted a fresh batch of charges against several former executives and two auditors of Satyam Computer Services, alleging they filed false documents for income-tax payments.

Indian outsourcer Satyam Computer Services has moved to a larger facility in Cyberjaya in Malaysia, with plans to make it the company's largest development and services delivery facility outside India, it said in a filing on Tuesday to the Bombay Stock Exchange.

Indian outsourcer, Satyam Computer Services, has received legal notices from 37 companies, demanding the return of 12.3 billion Indian rupees (US$267 million) they claim were paid to the company as temporary advances, Satyam said in a filing on Tuesday to the Bombay Stock Exchange.

Satyam Computer Services has added 32 new clients since May, indicating that a turnaround in the scandal hit company has started, a company spokesman claimed on Wednesday.

Embattled Indian outsourcer Satyam Computer Services plans to use a new brand, Mahindra Satyam, to reflect its new ownership.