(Amount  in  Rupees)
 
                                             Current Year Previous Year
 
 1.  Contingent liabilities not provided 
 for in respect of:
 
 a) Guarantees given to third parties by the 
 Company on behalf of its subsidiary        7,537,725,000   280,936,640
 companies.
 
 b) Income tax demands against which the 
 Company is in appeal (including adjustable   234,854,107   260,382,158
 against Securities Premium account
 Rs 194,103,143 (Previous Year 
 Rs 194,103,143)).
 
 c) MVAT, Service tax and excise dues 
 contested by the Company.  The Company is     47,509,482    15,306,962 
 hopeful of positive outcome.
 
 ii) The Company has also paid sitting fees of Rs 470,000 (Previous
 Year: Rs 290,000) to its non executive directors during the year.
 
 2.  Consequent to capital reduction and issue of warrants to the
 Company against its holding of equity shares of face value of Rs
 562,460,000 in MCX Stock Exchange Limited (MCX-SX), in compliance with
 a Court sanctioned scheme in March, 2010, the Company, based on
 independent legal/tax counsel''s opinion continues with its stand of no
 tax liability arising consequent to the same and therefore no tax
 liability has been determined or recognized in the financial
 statements.
 
 The Company has investments aggregating Rs 589,625,000 in equity shares
 and warrants of MCX-SX. At the close of the year, although the
 commercially viable business of MCX-SX is yet to commence and
 profitability yet to be achieved, MCX-SX has a positive Net Worth. The
 Company believes that the business of MCX-SX would be profitable when
 it receives SEBI''s permission for its proposed activities of dealing in
 interest rate derivatives, equity, futures and options on equity and
 wholesale debt segments and all other segments which is pending.  These
 investments are, in the opinion of the management, considered to be
 good and valuable, and not due for any provisioning.
 
 3.  Stock based compensation:
 
 Each option entitles the holder to exercise the right to apply for and
 seek allotment of one equity share of Rs 2 each. The intrinsic value of
 each option is nil, since the options were granted at the market price
 of the shares existing on the date of grant. The options have vesting
 periods as stated above in accordance with the vesting schedule as per
 the said plan and have an exercise period of three to twenty four
 months from the respective vesting dates subject to the maximum period
 of five (5) years from the date of grant of options i.e.  upto October
 30, 2010.
 
 4.  The Company is engaged in development of computer software.  The
 additional information pursuant to the provisions of paragraphs 3, 4C,
 4D of Part II of Schedule VI to the Companies Act, 1956 is as under (to
 the extent applicable)
 
 c) In view of exemption vide notification no S.O.301(E) dated 8th
 February, 2011 issued by the Ministry of Corporate Affairs quantitative
 information relating to traded goods is not disclosed.
 
 5. Segment Reporting
 
 The Company has presented segmental information in its consolidated
 financial statements, which are presented in the same annual report.
 Accordingly, in terms of the provisions of Accounting Standard (AS 17)
 Segment Reporting, no disclosures related to segments are presented
 in its stand-alone financial statements.
 
 6.  Related Party Disclosure
 
 I.  Names of related parties and nature of relationship:
 
 i) Entities where control exists (Subsidiaries, including step down
 subsidiaries)
 
 1.  TickerPlant Limited (TickerPlant)
 
 2.  IBS Forex Limited (IBS)
 
 3.  atom Technologies Limited (atom)
 
 4.  Riskraft Consulting Limited (Riskraft)
 
 5.  National Spot Exchange Limited (NSEL)
 
 6.  National Bulk Handling Corporation Limited (NBHC)
 
 7.  Financial Technologies Middle East-DMCC (FTME)
 
 8.  Global Board of Trade Ltd.  (GBOT)
 
 9.  Singapore Mercantile Exchange PTE Ltd.  (SMX) (Subsidiary of FTSPL)
 
 10.  Knowledge Assets Pvt.  Ltd.  (KAPL)
 
 11.  FT Group Investments Pvt.  Ltd.  (FTGIPL)
 
 12.  Financial Technologies Communications Ltd.  (FTCL)
 
 13.  Global Payment Networks Ltd.  (GPNL)
 
 14.  FT Knowledge Management Company Ltd.  (FTKMCL)
 
 15.  Indian Bullion Market Association Ltd.  (Subsidiary of NSEL)
 
 16.  Trans-Global Credit & Finance Ltd.  (TGCFL)
 
 17.  Singapore Mercantile Exchange Clearing Corporation PTE Ltd.
 (Subsidiary of SMX) (SMX-CCL)
 
 18.  Capricorn Fin-Tech (Pvt).  Ltd.  (Subsidiary of FTME)
 
 19.  Bourse Africa Limited (Subsidiary of FTGIPL)
 
 20.  Boursa India Ltd.
 
 21.  ICX Platform (Pty) Limited
 
 22.  Credit Market Services Ltd.  (CMSL)
 
 23.  Takshashila Academia of Economic Research Ltd.  (TAER)
 (Takshashila)
 
 24.  Apian Finance and Investments Limited
 
 25.  Bahrain Financial Exchange BSC (c) (BFX) (Subsidiary of FTGIPL)
 
 26.  Financial Technologies Singapore Pte Ltd.  (FTSPL) (w.e.f.  April
 15, 2009)
 
 27.  BFX Clearing & Depository Corporation BSC (c) (Subsidiary of BFX)
 (w.e.f.  March 29, 2010)
 
 28.  FT Projects Limited (w.e.f.  May 18, 2010)
 
 29.  Financial Technologies Projects Private Limited (w.e.f April 23,
 2010)
 
 ii) Associate Companies
 
 1.  Multi Commodity Exchange of India Limited (MCX)
 
 2.  MCX-Stock Exchange Clearing Corporation Ltd.  (MCXSX-CCL)
 
 3.  Indian Energy Exchange Ltd.  (IEX)
 
 4.  MCX Stock Exchange Limited (upto March 18, 2010) (MCX-SX)
 
 iii) Joint Venture Companies
 
 1.  Dubai Gold and Commodities Exchange (DGCX) – Jointly controlled in
 which Company holds 18.60% Share Capital.
 
 iv) Key Management Personnel
 
 1.  Mr.  Jignesh Shah : Chairman and Managing Director
 
 2.  Mr.  Dewang Neralla : Whole-time Director
 
 v) Relative of the Key Management Personnel where transactions have
 taken place
 
 Mr.  Manjay Shah : Director - Business Development
 
 vi) Entity over which key management personnel is able to exercise
 significant influence La-fin Financial Services Private Ltd.  (La-fin).
 
 7.  The Company, as a part of its core business strategy, promotes and
 invests in new ventures that utilise its technological capabilities and
 domain expertise towards creating world class enterprises. The
 investment in each such venture is assessed for its risks and is
 limited to a pre-determined level and will generate returns after the
 ventures start ramping-up operations in about 2 to 4 years time frame.
 The Company, as part of its non-linear business model, will continue to
 unlock value by broadening the investor base of its ventures.
 
 During the year, the Company sold partial investment held in a group
 company. The resultant profit of Rs 191,296,078 (Previous Year
 2,368,281,250) [net of directly attributable brokerage expenses of Rs
 4,734,688 (Previous Year Rs 75,468,750)] is grouped under ''Profit on
 sale of Investments'' in Other Income'' (Schedule 12).
 
 8.  During the year ended March 31, 2010, the Company had sold
 71,875,000 equity shares of Re 1 each in MCX Stock Exchange Limited (an
 unlisted entity) for an aggregate consideration of Rs 2,515,625,000 to
 a Financial Institution (''Purchaser''). The said sale was subject to a
 price reset and interest. During the last quarter of the year, the
 Purchaser exercised its right and the Company accordingly paid an
 amount of Rs 1,796,875,000 as price reset and Rs 294,774,914 as
 interest which being an exceptional item has been accordingly
 disclosed.  Consequently the tax provision of Rs 710,951,806 is written
 back.
 
 9.  In an earlier year, the Company adopted the option offered by the
 notification of the Companies (Accounting Standards) Amendment Rules
 2006 which amended Accounting Standard 11 The Effects of Changes in
 Foreign Exchange Rates.
 
 Pursuant to the aforesaid notification, exchange differences relating
 to long term monetary items have been accounted for as described in
 Accounting policy I of Schedule 15-I.
 
 Accordingly, (1) cumulative foreign exchange loss (net) of Rs
 51,900,068 (Previous Year Rs 69,383,630) has been adjusted to the cost
 of the fixed assets/capital work-in-progress and (2) Rs 26,861,438 has
 been credited (Previous Year Rs 364,301,775) to the Foreign Currency
 Monetary Item Translation Difference Account during the year
 [unamortized balance at the year end is Rs Nil (Previous Year credit Rs
 52,086,836)].
 
 10.  a) The holders of Zero Coupon Convertible Bonds due 2011 (''ZCCBs'')
 have an option to convert the ZCCBs into equity shares at any time on
 and after January 30, 2007 up to the close of business on December 14,
 2011, at an initial conversion price of Rs 2362.68 per equity share at
 a fixed exchange rate on conversion of Rs 44.6738 to US$ 1, subject to
 certain adjustments as per the terms of the issue.  Under certain
 conditions, the Company, on or after December 20, 2007 but not less
 than seven business days prior to December 21, 2011, has an option to
 mandatorily convert the ZCCBs into equity shares, in whole, but not in
 part. Further, under certain circumstances, the Company has the option
 to redeem the ZCCBs during their tenure at their Early Redemption
 Amount subject to RBI regulations. Unless previously converted or
 redeemed or purchased and cancelled, the Company will redeem them at
 147.14 percent of their principal amount on December 21, 2011. As at
 balance sheet date 90,500 ZCCBs having face value of US$ 1,000 each
 outstanding have been disclosed in the Balance Sheet, as restated, as
 Unsecured Loan.
 
 11.Employee benefit plans:
 
 Defined contribution plans: Amounts recognized as expenses towards
 contributions to provident fund, employee state insurance corporation
 and other funds by the Company are Rs 31,367,098 (Previous Year Rs
 34,048,682).
 
 Post employment defined benefit plans:
 
 Gratuity Plan: The Company makes annual contributions to the Employee''s
 Group Gratuity Assurance Scheme administered by the Life Insurance
 Corporation of India (''LIC''), a funded defined benefit plan for
 qualifying employees. The scheme provides for lump sum payment to
 vested employees at retirement, death while in employment or on
 termination of employment of an amount equivalent to fifteen days
 salary payable for each completed year of service or part thereof in
 excess of six months. Vesting occurs on completion of five years of
 service.
 
 12. Loans and advances in the nature of loans (as required by clause 32
 of the listing agreement with the stock exchanges)
 
 13.  Joint Venture Disclosure
 
 a.  Jointly Controlled Entity (''JCE'') of the Company:
 
 Name of the Entity : Dubai Gold and Commodities Exchange DMCC (''DGCX'')
 
 Country of Incorporation : United Arab Emirates
 
 % Holding : 18.60% (Previous Year 18.60%)
 
 b.  Company''s share of interest in the assets, liabilities, income and
 expenses with respect to JCE (each without elimination of the effects
 of transactions between the Company and the JCE) on the basis of
 unaudited financial statements of the JCE as at and for the year ended
 March 31, 2011:
 
 14.  Remittance in foreign currency on account of dividend:
 
 The Company has paid dividend, during the year, in respect of shares
 held by non-resident shareholders including Foreign Institutional
 Investors and GDR custodian. The total amount remitted as stated below
 represents amount paid into Indian bank as per mandate/ direction given
 by the non resident shareholders. Consequently, the exact amount of
 dividend remitted in foreign currency cannot be ascertained.
 
 15.  The aggregate amount of revenue expenditure incurred during the
 year on Research and Development and shown in the respective heads of
 the account is Rs 108,704,313 (Previous Year Rs 105,532,436).
 
 16.  The Company''s investments aggregating Rs 9,575,312,331 (Previous
 Year Rs 9,238,186,235) and debts and other recoverable aggregating Rs
 917,851,261 (Previous Year Rs 1,194,866,520), as at March 31, 2011, in
 certain subsidiaries and a joint venture company, which presently have
 continuing losses [share of aggregate losses till March 31, 2011; Rs
 3,626,745,370 (Previous Year Rs 2,519,229,714)], but are expected to be
 recovered, and have their values unlocked in the near future, since
 these companies are already at various stages of executing their
 business plans and operations, with expected profitability.
 Accordingly, a provision for other than temporary diminution of Rs
 890,025,934 (Previous Year Rs 569,025,934) [including Rs 321,000,000
 (Previous Year Rs Nil) made during the year] is considered to be
 adequate.
 
 17.  During the year, the Company proposed to divest part of its
 investments aggregating 2,643,916 (Previous Year 3,600,000) equity
 shares of Rs 10 (Previous Year Rs 5) each of Multi Commodities Exchange
 of India Limited (MCX) at a price at which MCX proposed to make a
 public issue. MCX has filed its Draft Red Herring Prospectus with
 Securities and Exchange Board of India. The investments in 2,643,916
 (Previous Year 3,600,000) equity shares of Rs 10 (Previous Year Rs 5)
 each is disclosed by the Company under Current Investment.
 
 18.  Figures for the previous accounting year have been
 regrouped/rearranged wherever necessary to correspond with the figures
 of the current year. Amounts and other disclosures for the preceding
 year are included as an integral part of the current year financial
 statements and are to be read in relation to the amounts and other
 disclosures relating to the current year.