The Previous year figures have been regrouped/ reclassified wherever
necessary to make them comparable with the current year figures.
P.1.1 Fund raised through Global Depository Receipts (GDR''s) during the
year.
During the fiscal, the company raised USD 41.75 Million (Rs.
1,925,000,000) through issuance of 25,000,000 GDR''s @ USD 1.67 per GDR,
listed at Luxembourg Stock Exchange representing 50,00,00,000 Equity
Shares of Rs. 1/- each at a price of Rs. 3.85.
The details of utilization of GDR proceeds:
The unutilized fund of GDR last year were Rs. 22.68 crore and funds
raised through GDR during the year were Rs. 192.50 crore. The total
amount of Rs. 215.18 Crores was invested in F.C.S. Software Middle East
FZE, UAE, wholly owned subsidiary of the Company, up to March 31, 2011.
P.2.3 Contingent liabilities
The company has no letters of credit outstanding issued to various
vendors as at March 31, 2011.
P.2.5 Quantitative Details.
The Company is engaged in the software consultancy, technical support
services, e-learning and other related allied services. These services
cannot be expressed in any generic unit. Hence it is not possible to
give the quantitative details of sales and the information as required
under paragraphs 3, 4C and 4D of part II of Schedule VI of the
Companies Act 1956.
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