The Directors have pleasure in presenting their 14th Annual Report
 together with the Audited Accounts for the financial year ended 31st
 March 2012.
 
 FINANCIAL RESULTS:
 
                                                  Rs in Lakhs
 
 Particulars                            2011-12 
                                        2010-11 
 
 Total Income                                          2509.49
                                                       1724.78
 
 Profit before Interest,
 Depreciation and Taxation               744.08         687.53
 
 Interest                                 22.33           5.20
 
 Depreciation                            596.57         656.92
 
 Extraordinary Items                      19.46
 
 Profit before Taxation                  105.72          25.41
 
 Provision for Taxation                   19.64           4.71
 
 Profit after Taxation                    86.08          20.70
 
 Balance brought forward 
 from previous year                      454.47         433.77
 
 Amount available for the appropriations 540.55         454.47
 
 Surplus carried forward                 540.55         454.47
 
 BUSINESS OUTLOOK AND MANAGEMENT DISCUSSION:
 
 Your directors are pleased to share with you that your company has
 completed fourteen years.  E-Governance Services:
 
 The company has received an order worth over Rs 45 Crs from consortium
 of public sector undertakings for Socio Economic Caste Census (SECC) in
 the states of Bihar and UP.
 
 The company has bid for such other e-governance projects and expected
 to have a healthy order book position from this segment.
 
 Financial Inclusion:
 
 The company has increased its customer service points (CSP) working for
 State Bank of India to more than 200 centers in the state of Bihar. The
 business is growing at a healthy rate.
 
 Debtors Management:
 
 The receivables from government continue to be accumulating with low
 recovery for varied reasons of delay in releases from the state
 governments.
 
 FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE: Share
 capital:
 
 The paid up share capital now stands at Rs.9,35,00,000 represented by
 93,50,000 equity shares of Rs.10/-each.
 
 Reserves and surplus:
 
 During the year under review the reserves and surplus stood at
 Rs.1280.15 lakhs as compared to Rs. 1194.07 lakhs in the previous year.
 
 Dividend on Equity:
 
 Your Directors do not recommend any appropriation towards dividend on
 Equity Share Capital for the year ended 31st March, 2012.
 
 Fixed Deposits:
 
 The Company has not invited / accepted any fixed deposits within
 purview of Section 58 A during the year under review.
 
 DIRECTORS: DIRECTORS RESPONSIBILITY STATEMENT:
 
 To the best of their knowledge and belief and according to the
 information and explanations obtained by them, your Directors make the
 following in terms of Section 217 (2AA) of the Companies Act, 1956.
 
 i.  That in accordance with the preparation of the accounts for the
 financial year ended 31st March, 2012, the applicable accounting
 standards have been followed along with proper explanation relating to
 material departures;
 
 ii.  That the directors have selected such accounting policies and
 applied them consistently and made judgments and estimates that are
 reasonable and prudent so as to give a true
 
 and fair view of the state of affairs of the Company at the end of the
 financial year and of the profit of the company for the year under
 review.
 
 iii. That the directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of Companies Act, 1956 for safeguarding the assets of the
 company and for preventing and detecting fraud and other
 irregularities;
 
 iv.  That the directors have prepared the annual accounts on a going
 concern basis.  STATUTORY AUDITORS:
 
 The Auditors, M/s Mahesh, Virender&Sriram, Chartered Accountants,
 Hyderabad retire at the conclusion of the forthcoming Annual General
 Meeting and being eligible, offer themselves for re-appointment. The
 Company has received letter from the auditors to the effect that their
 appointment as Auditors, if made, would be within the limits under
 Section 224 (1-B) of the Companies Act, 1956.
 
 REPLIES TO AUDITORS’ REPORT:
 
 Since the company is engaged in infrastructure establishment and
 maintenance projects, and without adequate bank support and with
 considerable delay in receivables from state governments, there were
 certain delays in depositing statutory dues. However, the efforts are
 in place to overcome such instances.
 
 CASH FLOW STATEMENT:
 
 A Cash Flow Statement for the year ended 31st March, 2012 is attached
 with the Annual Audited Accounts of the Company.
 
 LISTING INFORMATION:
 
 The Securities of the Company are listed with and traded in
 dematerialized form at Bombay Stock Exchange Ltd from March 17th, 2009
 onwards. The BSE Scrip Code is 533056 and ISIN No of the Company is
 INE359B01010. The Company has paid the Annual Listing Fees for the year
 2012-13 to the Bombay Stock Exchange Ltd.
 
 CORPORATE GOVERNANCE:
 
 The Corporate Governance report is set out as Annexure to this Report.
 
 AUDIT COMMITTEE:
 
 Audit Committee consists of the Directors namely Sri V.Umapathi, Sri G
 T Murthy and Sri J.S.R.Durga Prasad
 
 ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE:
 
 The particulars as prescribed under Section 217(1)(e) of the Companies
 Act, 1956 read with Rule 2   Companies (Disclosure of Particulars
 in the Report of Board of Directors) Rules, 1988:
 
 A.  Conservation of Energy:
 
 The operations of the Company involve low energy consumption. Adequate
 measures have, however, been taken to conserve energy.
 
 B.  Technology Absorption:
 
 Since business and technologies are changing constantly investment in
 research and development activities is of paramount importance. Your
 Company continues its focus on quality upgradation of product and
 services development.
 
 C.  Foreign Exchange Income and Outgo:
 
 In Rs. Lakhs 2011-12 2010-11
 
 Foreign Exchange Earnings: 84.37 37.88
 
 Foreign Exchange out go :
 
 PERSONNEL:
 
 As regards, information pursuant to Section 217(2AA) of the Companies
 Act, 1956 read with Companies (particulars of employees) Rules, 1975
 (as amended), there are no employees governed by the said provisions.
 
 INDUSTRIAL RELATIONS:
 
 Industrial relations have been cordial and your Directors appreciate
 the sincere and efficient services rendered by the employees of the
 Company at all levels towards the successful working of the Company.
 
 INTERNAL CONTROLS SYSTEMS AND THEIR ADEQUACY:
 
 Adequate internal control systems are in vogue commensurate with the
 size of the operations of the organization. Continuous efforts are being
 made by constant review to improve the same.
 
 DECLARATION:
 
 The Company is filing all Forms and Returns with the Registrar of
 Companies as required under the Companies Act, 1956. The Company has
 not committed any of the defaults specified under Section 274 (1)(g)
 of the Companies Act, 1956 (as amended by the Companies Act, 2000)
 disqualifying its Directors to act as Directors of other Public Limited
 Companies.
 
 APPRECIATION:
 
 Your Directors take this opportunity to thank all the investors,
 business partners, clients, bankers, regulatory and Governmental
 authorities, stock exchanges and employees for their continued support
 and confidence in the Company.
 
                                    For & onbehalf ofthe Board 
                                          J. S. R. Durgaprasad 
                                              J. Muralikrishna
 
                                    Chairman Managing Director
 
 Place: Hyderabad Date : 31.8.2012