1. The above results were taken on record at the Board Meeting held on November 26, 2008.

2. The company has changed its financial year from April-March to November-October with effect from November 01, 2008 to align with its ultimate parent company, Hewlett Packard Company. To enable this transition, the company has prepared financial statements for a period of one month ended October 31, 2008, since its last on September 30, 2008.
Accordingly, figures for previous periods / financial are not comparable.

3. Total staff costs for the month and year ended October 31, 2008 were Rs 7231 and Rs 47798 (quarter and half year ended September 2007 were Rs 15,966 & 29,081).

4. Period ended October 31, 2008 includes accelerated amortization of visa costs amounting to Rs 928 incurred in prior periods owing to change in accounting treatment. Consequently, the profit of the period ended October 31, 2008 is lower by same amount.

5. The company has adopted the principles of Accounting Standard 30 relating to call flow hedge accounting with effect from April 01, 2008 wherein the resultant exchange gain/loss is credited/debited to the hedging reserve included in the Reserves and Surplus instead in Profit & Loss account. As at October 31, 2008 hedging reserve has a debit balance of Rs. 3123.

6. The Board of Directors at its meeting held on November 26, 2008 recommended a final dividend of Rs. 2.00/- per share for the period ending October 31, 2008.

Jaya Kumar
Chief Executive Office