1.  Estimated amount of contracts remaining to be executed on capital
 account (net of advances) Rs.252.61 lakhs (Previous year Rs. 248.59
 lakhs).
 
 2.  Contingent liabilities
 
 a) Disputed demands for Income Tax aggregates to Rs. 1,040.69 lakhs
 (Previous year Rs. 921.90 lakhs).
 
 b) Disputed demands for Wealth Tax aggregates to Rs. 25.89 lakhs
 (Previous year Rs. 25.89 lakhs).
 
 c) Guarantees given to Housing Finance Company for housing loans
 availed by employees during their employment with the Company Rs.122.87
 lakhs (Previous year Rs. 135.03 lakhs).
 
 d) Disputed amount of Sales Tax aggregates to Rs. 656.83 lakhs
 (Previous year Rs. 0.11 Lakhs).
 
 e) Service tax matters Rs. 193.61 lakhs (Previous year: Nil)
 
 The above information that is given in Schedule 11 - Current
 Liabilities & Provisions regarding Micro and Small Enterprises has
 been determined to the extent such parties have been identified on the
 basis of information collected by the Management based on enquiries
 made with the vendors. This has been relied upon by the auditors.
 
 Basic Earnings per Share is calculated by dividing the net profit or
 loss for the year attributable to equity shareholders by the weighted
 average number of equity shares outstanding during the period.
 
 3. Provision for tax includes Rs. 135.00 lakhs (Previous year Rs.
 140.04 lakhs) in respect of overseas operations.
 
 4. Employee benefits
 
 The estimates of future salary increase considered in the actuarial
 valuation take into account inflation, seniority, promotion and other
 relevant factors such as supply and demand in the employment market.
 The above information is certified by the actuary and relied upon by
 the auditors.
 
 The employers best estimates of the contribution expected to be paid to
 the plan during the next year is Rs 163.61 lakhs (Previous year: Rs.
 130.18 lakhs)
 
 b) Defined contribution plans
 
 The Company makes Provident Fund and Superannuation Fund contributions
 to defined contribution retirement benefit plans for qualifying
 employees. Under the schemes, the Company is required to contribute a
 specified percentage of the payroll costs to fund the benefits.
 
 The Provident Fund scheme additionally requires the Company to
 guarantee payment of interest at rates notified by the Central
 Government from time to time. However considering the size of the
 investment in the Provident Fund and the Provident Fund liabilities
 accrued to the employees at the Balance Sheet Date, the Company
 believes that there would not be any shortfall in the Fund balance and
 hence no actuarial valuation has been carried out towards interest
 payments to be made in the future.
 
 The Company recognised Rs. 415.99 Lakhs (Previous year Rs.425.97 Lakhs)
 for provident fund contributions and Rs. 150.95 Lakhs (Previous year:
 Rs. 161.62 Lakhs) for superannuation contributions in the Profit and
 Loss account. The contributions payable to these plans by the Company
 are at rates specified in the rules of the schemes.
 
 5. Related party disclosure
 
 A.  Related parties and their relationships
 
 Tata Elxsi (Singapore) Pte Ltd.        Subsidiary Company
 
 Tata Sons Limited                      Company with significant 
                                        influence
 
 Mr. Madhukar Dev - Managing Director   Key management personnel
 
 Note:
 
 Related party relationship is as identified by the Company on the basis
 of information available with them and relied upon bythe auditors.
 
 There have been no dues from or to related parties which have been
 written off or written back during the year.
 
 6. Operating Lease
 
 The Company has entered into operating leases in respect of office
 premises. The lease rentals charged to the Profit & Loss account in
 respect of these leases amount to Rs. 1,193.81 lakhs. (Previous Year
 Rs. 1,136.12 Lakhs).
 
 7. Segment reporting
 
 The Companys operations predominantly relate to providing systems
 integration and software development services in the Information
 Technology field.
 
 Accordingly the Systems Integration & Support and Software Development
 & Services comprise the primary basis for segmental information. The
 secondary segment is geographical, determined based on the location of
 the clients. Clients are classified as either India or Overseas.
 
 8. Derivative Financial Instruments
 
 Outstanding Forward Exchange Contracts, which are not intended for
 trading or speculative purposes, but for hedge purposes, to establish
 the amount of reporting currency required or available at the
 settlement date of certain payables and receivables, are as follows.
 
 9.  Notes relating to Cash Flow Statement
 
 a) The cash flow statement has been prepared under the Indirect
 Method as set out in the Accounting Standard 3 - Cash Flow Statements
 as per the Companies (Accounting Standards) Rules, 2006.
 
 b) Cash and cash equivalents include balances with scheduled banks on
 dividend account Rs.235.82 Lakhs (Previous year Rs. 220.85 Lakhs) which
 are not available for use by the company.
 
 c) Cash and cash equivalents include balances in deposit accounts Rs.
 1.72 Lakhs (Previous year Rs. 1.72 Lakhs) which are not available for
 use by the company.
 
 10.  The Board of Directors of the company has given consent with
 regard to non-disclosure of information referred to in paragraphs
 3(i)(a) and 3(ii)(b) of Schedule VI part II of the Companies Act, 1956
 under notification S.0.301 (E) dated February 08,2011 issued by the
 Ministry of Corporate Affairs, Government of India.
 
 11.  Figures for the previous year have been regrouped and rearranged
 wherever necessary to conform to the current years classifications.