1 details of Contingent liabilities are as under :
 
                                                              Rupees
                                         Year Ended       Year Ended 
                                       Dec 31, 2011     Dec 31, 2010
 
 1) Bank Guarantee in the 
 normal course of business                4,925,880        9,982,393
 
 2) Disputed Income, Service 
 & Sales Tax Demand:
 
 (i)  Pending before Appellate 
 authorities in respect of 
 which the Company is in appeal          36,730,113       16,070,858
 
 (ii) Decided in Companys favour 
 by Appellate Authorities and
 Department is in further appeal         23,506,360       22,513,543
 
 3)   Estimated amount of contracts 
 (net of advances) remaining to be
 executed on capital account and 
 not provided for.                       37,980,423       17,797,299
 
 TOTAL                                  103,142,776       66,364,093
 
 2 Income Tax
 
 The tax year of the Company being the year ending March 31, 2012, the
 provision for tax for the year is the aggregate of the provision made
 for the three months ended March 31, 2011 and the provision for the
 nine months upto December 31, 2011.  The tax provision for nine months
 has been arrived at using the effective tax rate for the period April
 1, 2011 to December 31, 2011, the ultimate tax liability of which will
 be determined for the period April 1, 2011 to March 31, 2012.
 
 3 The Company has the process of identification of suppliers
 registered under the The Micro, Small and Medium Enterprises
 Development (MSMED) Act, 2006 by obtaining confirmations from
 suppliers. There are no Micro, Small and Medium Enterprises, as defined
 in the Micro, Small, Medium Enterprises Development Act, 2006 to whom
 the Company owes dues on account of principal amount together with
 interest and accordingly no additional disclosures have been made.
 
 4 CRISIL Limited sold Nil (P.Y. 10% ) stake in Gas Strategies Group
 Limited in September 2010.
 
 5 The Company has a revenue hedge programme in place to mitigate
 foreign exchange (forex) related risk. Accounting for revenue hedge is
 done as per guidelines under AS 30 Financial Instruments:
 Recognition and Measurement wherein mark to market on forward contracts
 are routed through hedge reserve account.
 
 6 Prior period item includes gratuity expense Nil (PY. Rs.27,444,953,
 net of tax).
 
 7 Employee Stock Option Scheme (ESOS)
 
 The Company has formulated an ESOS based on which employees are granted
 options to acquire the equity shares of the Company that vests in a
 graded manner. The options are granted at the closing market price
 prevailing on the stock exchange, immediately prior to the date of
 grant . Details of the ESOS scheme are as under :