a. Basis of Preparation of financial statement:
 
 The financial statements are prepared in accordance with Indian GAAP
 under the historical cost convention on the accrual basis. GAAP
 comprises mandatory accounting standards prescribed by the Companies
 (Accounting Standards) Rules, 2006 and guidelines issued by SEBI.
 Accounting policies have been consistently applied except where a newly
 issued accounting standard is initially adopted or a revision to an
 existing accounting standard requires a change in the accounting policy
 hitherto in use.
 
 b. Use of Estimates:
 
 The preparation of financial statements is in conformity with the GAAP
 requires the management to make estimates and assumptions that affect
 the reported balances of assets and liabilities and the disclosures
 relating to contingent liabilities as at the date of financial
 statements and the reported amounts of income and expenses during the
 reporting period.
 
 Accounting estimates could change from period to period. Actual results
 could differ from those estimates. Appropriate changes in estimates are
 made as the Management becomes aware of changes in circumstances
 surrounding the estimates. Changes in estimates are reflected in the
 financial statements in the period in which changes are made and, if
 material, their effects are disclosed in the notes to the financial
 statements.
 
 The Management periodically assesses using, external and internal
 sources, whether there is an indication that an asset may be impaired.
 An impairment loss is recognized wherever the carrying value of an
 asset exceeds its recoverable amount. The recoverable amount is the
 higher of the asset''s net selling price and value in use, which means
 the present value of future cash flows expected to arise from the
 continuing use of the asset and its eventual disposal. An impairment
 loss for an asset other than goodwill is reversed if, and only if, the
 reversal can be related objectively to an event occurring after the
 impairment loss was recognized. The carrying amount of an asset other
 than goodwill is increased to its revised recoverable amount, provided
 that this amount does not exceed the carrying amount that would have
 been determined (net of any accumulated amortization or depreciation)
 had no impairment loss been recognized for the asset in previous years.
 
 c. Revenue Recognition:
 
 The company generally follows mercantile system of accounting and
 recognizes significant terms of income and expenditure on accrual
 basis.
 
 i. Revenue is primarily derived from software development and related
 services, licensing of software products and business process
 management. Arrangements with clients are either on a fixed-price,
 fixed-timeframe or on a time-and-material basis. Revenue on time-and-
 material contracts is recognized as the related services are performed.
 Revenue from fixed- price, fixed-timeframe contracts, where there is no
 uncertainty as to measurement or collectability of consideration, is
 recognized based upon the percentage-of-completion.
 
 Parle Software Ltd.  When there is uncertainty as to measurement or
 ultimate collectability, revenue recognition is postponed until such
 uncertainty is resolved. Provision for estimated losses, if any, on
 uncompleted contracts are recorded in the period in which such losses
 become probable based on the current estimates. Revenue from the sale
 of user licenses for software applications is recognized on transfer of
 the title in the user license. Revenue from client training, support
 and other services arising out of the sale of software products is
 recognized as the related services are performed.
 
 ii. Revenue from sale of finished properties / buildings / Land are
 recognized on transfer of property and once significant risks and
 rewards of ownership have been transferred to the buyer. Similarly,
 revenue from sale of Transferable Development Rights (TDR) is
 recognized on transfer of the rights to the buyer. Revenue recognition
 is postponed to the extent of significant uncertainty.
 
 iii. Profit on sale of investments is recorded on transfer of title by
 the company and is determined as the difference between the sale price
 and carrying value of the investment.  Lease rentals are recognized
 ratably on a straight-line basis over the lease term. Interest is
 recognized using the time-proportion method, based on rates implicit in
 the transaction.  Dividend income is recognized when the right to
 receive dividend is established.
 
 d. Fixed assets, including goodwill, intangible assets and capital
 work-in-progress: Fixed assets are stated at cost, less accumulated
 depreciation and impairments, if any.  Direct costs are capitalized
 until fixed assets are ready for use. Capital work-in-progress
 comprises outstanding advances paid to acquire fixed assets and the
 cost of fixed assets that are not yet ready for their intended use at
 the reporting date. Intangible assets are recorded at the consideration
 paid for acquisition of such assets and are carried at cost less
 accumulated amortization and impairment. Goodwill comprises the excess
 of purchase consideration over the fair value of the net assets of the
 acquired enterprise. Goodwill arising on acquisition is not amortized
 but is tested for impairment.
 
 e. Depreciation and Amortization
 
 Depreciation on fixed assets is provided on the straight-line method
 based on useful lives of assets as estimated by the Management.
 Depreciation for assets purchased / sold during the period is
 proportionately charged. Intangible assets are amortized over their
 respective individual estimated useful lives on a straight-line basis,
 commencing from the date the asset is available for its use. Leasehold
 improvements are written off over the lower of the remaining primary
 Period of lease or the life of the asset. Depreciation methods, useful
 lives and residual values are reviewed at each reporting date.
 
 Cost of Application Software for internal use are generally charged to
 revenue as incurred due to its estimated useful lives being relatively
 short, usually less than one year.
 
 f. Investments:
 
 Trade investments are the investments made to enhance the company''s
 business interests.  Investments are either classified as current or
 long term based on the Management''s intention at the time of purchase.
 Current investments are carried at lower of cost and fair value of each
 investment individually. Long-term investments are carried at cost less
 provisions recorded to recognize any decline, other than temporary, in
 the carrying value of each investment.
 
 g. Borrowing Costs:
 
 Borrowing costs that are attributable to the acquisition or
 construction of qualifying assets are capitalized as part of the cost
 of such assets. A qualifying asset is one that necessarily takes a
 substantial period of time to get ready for its intended use or sale.
 All other borrowing costs are charged to revenue.
 
 h. Income Taxes:
 
 i) Income taxes are accrued at the same period in which the related
 revenue and expenses
 
 arise. A provision is made for income tax annually based on the tax
 liability computed after considering tax allowances and exemptions.
 Provisions are recorded when it is estimated that a liability due to
 disallowances or other matters is probable. MAT paid in accordance to
 the tax laws, which gives rise to future economic benefits in the form
 of tax credit against future income tax liability, is recognized as an
 asset in the Balance Sheet if there is convincing evidence that the
 company will pay normal tax after the tax holiday period and the
 resultant asset can be measured reliably. The company offsets, on a
 year-on-year basis, the current tax assets and liabilities, where it
 has a legally enforceable right and where it intends to settle such
 assets and liabilities on a net basis.
 
 ii)Deferred tax resulting from timing differences between book and
 taxable profit is accounted for using the tax rates and laws that have
 been enacted or substantively enacted as on the Balance Sheet date. The
 deferred tax asset is recognized and carried forward only to the extent
 that there is a reasonable /virtual certainty that the asset will be
 realized in future. Provision for Income Tax includes provision for
 current Tax & Deferred Tax liabilities/ Assets.
 
 i. Provision and Contingent Liabilities:
 
 A provision is recognized if, as a result of a past event, the Company
 has a present legal obligation that can be estimated reliably, and it
 is probable that an outflow of economic benefits will be required to
 settle the obligation. Provisions are determined by the best estimate
 of the outflow of economic benefits required to settle the obligation
 at the reporting date. Where no reliable estimate can be made, a
 disclosure is made as contingent liability. A disclosure for a
 contingent liability is also made when there is a possible obligation
 or a present obligation that may, but probably will not, require an
 outflow of resources. Where there is a possible obligation or a present
 obligation in respect of which the likelihood of outflow of resources
 is remote, no provision or disclosure is made.
 
 j. Research and development:
 
 Research costs are expensed as incurred.  Software product development
 costs are expensed as incurred unless technical and commercial
 feasibility of the project is demonstrated, future economic benefits
 are probable, the Company has an intention and ability to complete and
 use or sell the software and that these costs can be measured reliably.
 
 k. Foreign Currency Transactions
 
 Revenues are accounted at daily rates. Exchange fluctuations arising on
 realization are dealt with in the Profit and Loss Account.
 
 l. Earning Per Share:
 
 Basic earnings per share are computed by dividing the net profit after
 tax by the weighted average number of equity shares outstanding during
 the period. Diluted earnings per share is computed by dividing the net
 profit after tax by the weighted average number of equity shares
 considered for deriving basic earnings per share and also the weighted
 average number of equity shares that could have been issued upon
 conversion of all dilutive potential equity shares. The diluted
 potential equity shares are adjusted for the proceeds receivable had
 the shares been actually issued at fair value, which is the average
 market value of the outstanding shares. Dilutive potential equity
 shares are deemed converted as at the beginning of the period, unless
 issued at a later date. The number of shares and potentially dilutive
 equity shares are adjusted retrospectively for all periods presented
 for any share splits and bonus shares issues, including for changes
 effected prior to the approval of the financial statements by the Board
 of Directors.
 
 m. Cash and Cash Equivalents
 
 Cash and cash equivalents comprise cash and cash on deposit with banks
 and corporations.  The company considers all highly liquid investments
 with a remaining maturity at the date of purchase of three months or
 less and that are readily convertible to known amounts of cash to be
 cash equivalents.
 
 n. Cash Flow Statement
 
 Cash flows are reported using the indirect method, whereby net profit
 before tax is adjusted for the effects of transactions of a non-cash
 nature, any deferrals or accruals of past or future operating cash
 receipts or payments and item of income or expenses associated with
 investing or financing cash flows. The cash flows from operating,
 investing and financing activities of the company are segregated.