1.  disclosures under accounting standards
 
 1.1 Retirement benefits to employees
 
 (i) Defined Contribution Plan Provident fund
 
 Eligible employees receive benefits from a provident fund, which is a
 defined contribution plan. Aggregate contributions along with interest
 thereon are paid at retirement, death, incapacitation or termination of
 employment. Both the employee and the Company make monthly
 contributions to the Employee''s Provident Fund scheme administer by
 Government of India equal to a specified percentage of the covered
 employee''s salary.
 
 The Company recognized Rs 5,44,911/= (2011 : Rs 4,99,151/-)for provident
 fund contribution in the statement of profit & loss. Further an
 additional contribution of Rs1,87,103/- (2011 : Rs 2,51,675/-) has been
 made to the Trust to meet the shortfall in managing the trust, being
 the excess of expenditure over income. The Company has registered
 with the Regional Provident Fund Organisation with effect from March
 2012.
 
 (ii) Defined benefit plan Gratuity
 
 The Company provides for gratuity, a defined benefit retirement plan
 (the Gratuity Plan) covering eligible employees. The Gratuity
 Plan provides a lump sum payment to vested employees at retirement,
 death, incapacitation or termination of employment, of an amount based
 on the respective employee''s salary and the tenure of employment.
 Vesting occurs upon completion of five years of service. Liabilities
 with regard to the Gratuity Plan are determined by actuarial valuation
 as of the balance sheet date, based upon which, the company contributes
 all the ascertained liabilities to the Elnet Technologies Ltd
 Employees'' Gratuity Fund Trust (the Trust). Trustees administer
 contributions by means of a group gratuity policy with Life Insurance
 Corporation of India.
 
 Investment details of plan assets :
 
 Deposited with Life Insurance Corporation of India (Group gratuity
 policy).
 
 iii Leave encashment
 
 The employees of the Company are entitled to compensated absence. The
 employees can carry forward a portion of the unutilized accrued
 compensated absence and utilize it in future periods or receive cash
 compensation at retirement or termination of employment for the
 unutilized accrued compensated absence for a maximum of 180 days. The
 Company records an obligation for compensated absences in the period in
 which the employee renders the services that increase this entitlement.
 The Company measures the expected cost of compensated absence as the
 additional amount that the Company expects to pay as a result of the
 unused entitlement that has accumulated at the balance sheet date based
 on actual valuations.
 
 1.2 ACCOUNTING FOR LEASES
 
 During the year 1995-96, the Company has completed the construction of
 its IT Park at Taramani, Chennai and leased out the entire completed
 portion of the premises. The disclosure required for operating leases
 under AS 19 is given below:
 
 1.3 Deferred Tax Liability /Asset
 
 As per the Accounting Standard AS 22 issued by the Institute of
 Chartered Accountants of India (ICAI), the Company is required to make
 a provision for deferred tax liability/ asset.  During the year
 an amount of Rs15,83,577/-has been recognized for deferred tax asset.
 
 2.  ADDITIONAL INFORMATION TO FINANCIAL STATEMENTS
 
 2.1 Secured Loans
 
 The Company closed its secured loan on 8th March 2012. The Company
 filed Form 17 in respect of Satisfaction of Charges with the Registrar
 of Companies through the Ministry of Company Affairs portal and got the
 same approved.
 
 2.2 Wind Mill
 
 During the financial year the Company sold 10,98,647 units to Tamilnadu
 Electricity Board. (2011 : 13,11,299 units).
 
 2.3 Disclosures required under Section 22 of the Micro, Small and
 Medium Enterprises Development Act, 2006:
 
 i) There were no dues to Small Scale Industrial undertakings to whom
 the Company owes any sum which is outstanding for more than 30 days.
 
 ii) There were no dues either principal or interest remaining unpaid to
 any suppliers under The Micro, Small and Medium Enterprises Development
 Act, 2006, which came into force with effect from 02.10.2006 as at the
 end of the accounting year.  Similarly, no payments have been made to
 the suppliers beyond the appointed day without adding interest, no
 interest is accrued and remaining unpaid during the year.
 
 2.6 Current Liabilities
 
 (i) The company continues to hold the amount of Rs1,46,503/- (2011 : Rs
 1,46,503/-) on account of Interest payable on FD made out of disputed
 dividend for the years 2000-01 and 2001-02.
 
 (ii) There are no amounts due to the Central Government on account of
 Investor Education and Protection Fund as on 31.3.2012. The balance
 amount lying under the Unpaid Dividend Account 2004-2005 declared on
 7.5.2005 for the year 2004-05 falls due on 6.5.2012.
 
 (iii) Provision for taxation has been netted off against advance tax
 paid and tax deducted at source.
 
 2.7 Statement of Profit and Loss
 
 Electricity Expenses have been reduced to the extent of Rs 43,94,588/-
 (2011 : Rs 48,64,920/) from sale of electricity generated from windmill.
 There is no impact on the Statement of Profit and Loss.
 
 2.8 Estimated amount of liability on capital contracts as on 31.03.2012
 not provided for is Rs 45,19,886/- (2011 : Rs 28,48,967/-)
 
 2.9 Contingent Liabilities in respect of:
 
 Claims against the Company not acknowledged as debts.
 
 (i) Claim by Department of Telecommunications
 
 The Department of Telecommunications (DoT) filed a claim against the
 company for Rs 20,82,233/- (2011 : Rs 20,82,233/-)before the Sole
 Arbitrator in the matter of payment towards license fees and interest
 thereon. The Arbitrator''s award was made in June 2005 according to
 which a sum of Rs5,48,288 and interest there on is payable by the
 company to DoT. The company accepted the award and decided to effect
 the payment after waiting for the appeal period. However DoT has filed
 an appeal in the High Court of Delhi against the Arbitrator''s award.
 The Company accordingly recognized the total liability at
 Rs10,37,762/-as at 31.3.2012. The difference in claim amounting to Rs
 10,44,471/- is shown under claims against the Company not
 acknowledged as debts.
 
 (ii) Income Tax demand
 
 There is a dispute with regard to the treatment of income of the
 company by the Income Tax Department as Income from House
 Property, whereas in the opinion of the Company, the income should
 be treated as Income from Business, which has been confirmed by
 the Income Tax Appellate Tribunal.
 
 In respect of assessment years 1996-97, 1998-99, 2000-01, 2001-02 and
 2003-04, the Income Tax Department has preferred appeal before the High
 Court of Madras against the orders issued Income Tax Appellate
 Tribunal. In the event the High Court reverses the Order of the Income
 Tax Appellate Tribunal, there will be a contingent liability of Rs
 415.56 lakhs (2011 : Rs 264.23 lakhs).
 
 (iii) Service Tax:
 
 The company received show cause notice in 2009-10 from the Office of
 the Commissioner of Service Tax on the applicability of service tax on
 Electricity charges reimbursed from the occupants including generation
 from Generator. As per legal opinion, the company has been advised
 that, it is not liable for service tax on this issue. The company has
 obtained an interim stay from the High Court of Madras on 28.08.2009
 against the show cause notice. In view of this, there is a contingent
 liability of Rs 2,13,34,807/- (2011 : Rs 1,69,52,681/-).
 
 (iv) The Company received a communication from ELCOT claiming a sum of
 Rs 9.56 crores towards difference in the computation of Lease Rent for
 the period from 14.02.1991 to 14.01.1999. The Company prima-facie has a
 strong reason that the claim is not tenable and is evaluating various
 options, including legal recourse. Pending any such actions no
 provision has been made.
 
 (v) Other pending items under dispute - Nil (2011 : Nil)
 
 4.  The Revised Schedule VI has become effective from 1st April, 2011
 for the preparation of financial statements. Previous year''s figures
 have been regrouped / reclassified wherever necessary to correspond
 with the current year''s classification / disclosure.