1.  During the year, the Company has issued 8,46,53,068 underlying
 Equity Shares of Rs. 1/- each representing 2,11,63,267 GDRs for US
 1.26 million.
 
 2.  An amount of Rs. 5,19,94,348/- has been credited to Foreign
 Currency Monetary Item Translation Difference Account under Reserves
 and Surplus onaccount of Exchange Fluctuation.
 
 3.  Quantitative Details:
 
 The Company is engaged in the development of Computer Software. The
 production and sale of such software can not be expressed in any
 generic unit. Hence, it is not possible to give the quantitative
 details of sales and the information as required under paragraph 3,4C
 and 4D of part II of Schedule VI ofthe Companies Act, 1956.
 
 4. The company has wholly owned overseas subsidiary, British Oil and
 Gas Exploration Private Limited, Mauritius. British Oil and Gas
 Exploration Private Limited has wholly owned subsidiary British Oil
 Resources Limited, Mauritius. British Oil Resources Limited has three
 wholly owned subsidiaries namely British Oil and Gas Exploration
 Limited at BVI, Sterling Oil Resources Limited at BVI and Geodynamic
 Geospectra Limited at BVI.
 
 5.  Figures of previous year have been regrouped to confirm to current
 years presentation.