Terms/rights attached to Equity Shares
The Company has only one class of Equity share having a par value of Rs
10/- each. Each holder of equity share is entitled to one vote per
1. During the year the Company has entered into an agreement with
Interserver, Inc of New Jersey to sell the 100% Foreign subsidary-Host
department LLC at the terms as mentioned in the agreement dated 28th
2. During the year company has sold LGI IT solutions pvt ltd''s shares
to its 100% subsidary Netllinx Aquaculture Pvt Ltd
3. During the year the name of the subsidary company Nettlinx
Channels Private limited has been changed to Nettlinx Aquaculture
Private Limited effective from 20/03/2014
5. Contingent Liabilities :
As at 31st March, As at 31st March,
2014 Rs. 2013 Rs.
Unexpired Bank Guarantees 21,22,765 21,22,765
Provisional License fee 43,30,195 43,30,195
Company has received Revised provisional license fee assessment notice
from Department of Telecommunications-AP circle for the years 2005-06,
2006-07,2007-08and 2008-09 w.r.t ISP(IT) License for Rs.43,30,195/-
which is disclosed as contingent liability for the year ended 31st
March 2012.However the management feels that even this demand is not
tenable and hence liability is not provided in the books of accounts.
6. In line with revised Schedule VI, figures for the previous year have
been regrouped, recast and rearranged.