Bharti Telecom

1.  Background:
 
 Bharti Telecom Limited (the Company) is a part of Bharti Group. The
 Company is not carrying on any direct operational activities. Primary
 activities of the Company are holding investment in Bharti Airtel
 Limited. The shareholding of the Company in Bharti Airtel Limited as at
 March 31, 2009 is 45.30 per cent [March 31, 2008 - 45.31 per cent].
 
 2.  Contingent liabilities
 
 Claims against the Company not acknowledged as debts: Nil (March 31,
 2008-Nil)
 
 3.  The Company has given an undertaking to financial institutions for
 non-disposal of its shareholding in Bharti Airtel Limited (BAL) to the
 extent of 26% of the total outstanding share capital of BAL in
 consideration of financial assistance given to BAL by financial
 institutions.
 
 4.  Segment Reporting:
 
 Since the Companys business activity falls within a single business
 and geographical segment of holding investments, there are no
 additional disclosure to be provided under Accounting Standard-17
 Segment reporting other than those already provided in financial
 statement.
 
 5.  Related Party Disclosures:
 
 In accordance with the requirement of Accounting Standard (AS-18) on
 Related Party Disclosures, the names of the related parties where
 control exists and/or with whom transactions have taken place during
 the year and description of relationship, as identified and certified
 by the management are:
 
 6.  Previous period figures have been regrouped / reclassified,
 wherever necessary, to conform to the current periods classification.