Mohan,
 
Did you read Section "Running stunnel with TCP wrappers" in Stunnel FAQ?
http://www.stunnel.org/faq/run.html#ToC5
AFAIK, there is no libwrap=yes directive. You enable libwrap for your service in /etc/host.allow file. In this case it should be something like
 
telnets:    192.168.1.1 192.168.1.5
 
Regards
 


From: mohan raj <[email protected]>
To: [email protected]
Sent: Fri, October 29, 2010 5:40:44 AM
Subject: [stunnel-users] Reg:libwrap is not working with stunnel 4.34

Hi,
     I successfully cross compiled the Stunnel version 4.34 with OpenSSL version 1.0.0a for arm-linux.i want to use this stunnel with my own application which will communicate with outer world through LAN or GPRS.currently i am testing stunnel with telnet application.Its working fine.I am able to telnet to arm board through SSL enabled telnet terminal software.Now i want restrict the access.so i used the /etc/hosts/allow and /etc/hosts.deny files with my chrroot directory as "/".but stunnel is not at all cared about libwrap service.its not checking those files.if i give libwrap=yes in stunnel.conf file its says "specified option name is not valid here".i compiled stunnel with the option --enable-libwrap and gave the libwrap lib also through LDFLAGS.here with i attached my stunnel version information file, stunnel .conf file also.i think its due to configuration???still i don`t know what to do???so please guys help me out.


Thanks & Regards
S.Thiyagarajan.