The Directors are pleased to present the report on our business and
 operations of your Company along with the audited accounts for the
 financial year ended March 31, 2012.
 
 A.  Results of operation
 
                         31-03-2012  31-03-2011  31-03-2012  31-03-2011
 
 Particulars                 (Rs.)         (Rs.)         (Rs.)        (Rs.)
 
                              Consolidated             Standalone
 
 Revenue from 
 operation 
 and other income       974,838,848 646,133,244  185,832,226  17,552,540
 
 Earnings More 
 Depredation and         37,071,078  22,209,290   14,106,510   6,461,955 
 amortization
 
 Depreciation and 
 amortization            20,826,062   7,976,290   10,785,788     760,634
 
 Profit Before Tax       16,245,016  14,233,000    3,320,722   5,701,321 
 Less :
 Provision for 
 Taxation
 
 Income Tax                 934,129     889,884      723,321     638,295
 
 Deferred Tax            (2,195,478) (2,814,991)     109,732  (3,533,288)
 
 MAT Credit 
 Entitlement                224,055    (604,701)     224,055    (604,701)
 
 Profit After Tax        17,282,310  16,762,808    2,263,614   9,201,015
 
 B.  Dividend
 
 Yours directors have decided to utilize the internal accruals for
 future growth. Hence, your Directors have not recommended any dividend
 for the current year.  Your Directors believe that this will increase
 the long-term shareholder value.
 
 D.  Directors
 
 Mr. Srikanth Ramanathan was appointed as Managing Director of the
 Company for a period of 3 years with effect from February 6, 2009.
 Accordingly, his initial term as Managing Director ended on February 5,
 201 2. The Board of Directors of the Company based on the
 recommendation of the Remuneration committee has re-appointed Mr.
 Srikanth Ramanathan as Managing Director for a period of one year with
 effect from February 6, 201 2 and the same has also been approved by
 the shareholders by way of postal ballot. Mr. Srikanth Ramanathan has
 expressed his desire to not draw any remuneration from the company and
 accordingly, he is not being paid any remuneration with effect from
 January 1, 2012.
 
 In accordance with the requirements of the Companies Act, 1956 and the
 Articles of Association of the Company, Mr. V. Ganapathi Subramanian
 and Mr. K. Balaji, Directors, retire by rotation at the forthcoming
 Annual General Meeting of the Company and being eligible, offer
 themselves for re-appointment.
 
 The information to shareholders as per Clause 49 of the Listing
 agreement pertaining to brief resume, expertise in functional areas,
 names of Companies in which Mr. V. Ganapathi Subramanian, and Mr. K.
 Balaji are Directors etc., is being provided in the Notice of the
 Annual General Meeting which forms part of this Annual Report.
 
 E.  Auditors
 
 Mr. R. R. Rajkumar, Chartered Accountant, Chennai retires as Auditor of
 the Company at the forthcoming Annual General Meeting. He has not
 offered himself for re-appointment. Pursuant to Section 225 and other
 applicable provisions of the Companies Act, 1956, a special notice has
 been received from a member proposing the appointment of Mr. S.
 Ramanath, Chartered Accountant, Coimbatore (Membership No. 29416) as
 the statutory auditor of the company to hold office from the conclusion
 of the ensuing annual general meeting until the conclusion of the next
 annual general meeting.  Mr. S. Ramanath, Chartered Accountant,
 Coimbatore, (Membership No. 29416) has also expressed his willingness
 to act as statutory auditor of the company, if appointed. The Directors
 recommend the appointment of Mr. S. Ramanath, Chartered Accountant,
 Coimbatore, as the Company''s auditor to hold office until the
 conclusion of the next Annual General Meeting. The Company has also
 received confirmation that his appointment, if made, will be within the
 limits prescribed under Section 224(1B) of the Companies Act, 1956.
 
 F.  Directors'' Responsibility Statement
 
 Your Directors'' hereby confirm in terms of Section 21 7(2AA) of the
 Companies Act, 1956 that:
 
 1.  In the preparation of the annual accounts for the year ended March
 31, 2012, the applicable accounting standards have been followed and
 there are no material departures;
 
 2.  The accounting policies listed in Note 2 to the Notes forming part
 of the financial statements have been selected and applied consistently
 and judgments and estimates that are reasonable and prudent made so as
 to give a true and fair view of the state of the affairs of the Company
 at the end of the financial year on March 31, 2012 and of the profit of
 the Company for that year;
 
 3.  Proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Companies Act,
 
 1 956 for safeguarding the assets of the Company and for preventing and
 detecting fraud and other irregularities;
 
 4.  The annual accounts for the year ended March 31, 2012, have been
 prepared on a going concern basis.
 
 G.  Deposits
 
 During the year, your Company has not accepted any deposits from the
 public.
 
 H.  Subsidiary
 
 Your Company has 3 subsidiaries namely, Dicetek (Sing) Pte Limited,
 Singapore, Dicetek LLC., Dubai and Dice Technologies Inc., USA. All
 these subsidiaries are engaged in the business of providing IT Services
 and Consulting.
 
 As required under the Listing Agreements entered into with the Stock
 Exchanges, a consolidated financial statement of the Company and all
 its subsidiaries is attached. The consolidated financial statements
 have been prepared in accordance with the relevant accounting standards
 as prescribed under Section 211(3C) of the Companies Act, 1956.
 
 Pursuant to the provisions of Section 212(8) of the Companies Act 1956,
 the Ministry of Corporate Affairs vide its circular dated February 8,
 2011 has granted general exemption from attaching the balance sheet,
 statement of profit and loss and other documents of the subsidiary
 companies with the balance sheet of the Company. A statement containing
 brief financial details of the Company''s subsidiaries for the financial
 year ended March 31, 2012 is included in the Annual Report.  The annual
 accounts of these subsidiaries and the related detailed information
 will be made available to any member of the Company/its subsidiaries
 seeking such information at any point of time and are also available
 for inspection by any member of the Company/its subsidiaries at the
 registered office of the Company and also at the respective registered
 office of the subsidiaries for inspection.
 
 The same has also been put-up on the Company''s website,
 www.aurumsoftsystems.com
 
 I.  Corporate Governance
 
 In terms of Clause 49 of the Listing Agreement with the stock
 exchanges, a Corporate Governance Report is made part of this Annual
 report.
 
 A certificate from a practicing Company Secretary regarding compliance
 of the conditions stipulated for Corporate Governance under Clause 49
 of the Listing Agreement is attached to this report.
 
 The declaration by the Managing Director addressed to the members of
 the Company pursuant to Clause 49 of the Listing Agreement regarding
 adherence to the Code of Conduct by the Members of the Board and by the
 Members of the Senior Management Personnel of the Company is also
 attached to this Report.
 
 J. Risk Management
 
 The Managing Director of the Company is entrusted with the task of
 identifying, monitoring and taking steps for mitigating various risks
 which the Company is likely to encounter as part of its business
 operations. He periodically presents to the Board and the Audit
 Committee for review, the risks faced by the Company and the steps
 taken to mitigate the same.
 
 K. Particulars of Employees
 
 During the financial year 2011-12, no employee of the Company has drawn
 remuneration in excess of the limits specified under Section 217(2A) of
 the Companies Act, 1956 read with Companies (Particulars of Employees)
 Rules, 1975, as amended. Hence, the particulars of employees''
 remuneration prescribed under Section 217(2A) of the Companies Act,
 1956 has not been attached to this Report.
 
 L. Conservation of Energy, Technology Absorption and Research &
 Development
 
 Your Company''s power requirements are very minimal.  Your Company
 however takes every possible step to make optimum utilization of energy
 and avoid unnecessary wastage of power.
 
 Your Company keeps itself updated with the latest technology available
 in the market. Your Company constantly strives to enhance
 state-of-the-art development standards to meet the ever growing
 challenges of the corporate world.  Your company aims at providing
 future-proof and future adaptable technologies to all its clients.
 
 M. Foreign Exchange Earnings and Outgo
 
 During the financial year 2011-12, the Company provided Technical and
 other support services to its subsidiary in USA.
 
 The total foreign exchange earnings during the year was Rs. 13.76 lakhs.
 There was no expenditure incurred by the Company in foreign currency
 during FY 2011-12.
 
 N. Appreciation
 
 Your Directors wish to place on record their appreciation to all
 shareholders, customers, suppliers and bankers for their co-operation
 and support extended to the Company.
 
 Your Directors also place on record their appreciation of the efforts
 and contribution during 2011-12 of the Company''s employees.
 
                           For and on behalf of the Board of Directors
 
                                                      S.  Ramakrishnan
 
 Chennai, August 14, 2012                                     Chairman