1. Figures for the previous year/ quarters have been regrouped/recast, wherever necessary, to conform to the current period.

2. Training and Education expenses also includes project related salary and allowances of project faculties whose term is co-terminus with the duration of the project.

3. The company has made an application to the Central Government for seeking waiver on the excess remuneration paid to the Managing Director & the Executive Director of the company for the year ended December 31, 2007 & December 31, 2008.

4. Rebates and Provisions include amounts pertaining to Government school projects which have since been completed and discontinued.

5. With an effective date of October 01, 2008, the Company has divested its entire 85% stake in Synergetics Information Technology Pvt Ltd (Subsidiary) entailing a capital loss of Rs 830 Lakhs.

6. Consequent to the Framework Agreement pertaining to the restructuring of the China Joint Venture, signed on March 20, 2008, the Company had executed the Definitive Agreements In January 2009 and revised the Definitive Agreements in March´09. On completion of the transaction as contemplated In the aforementioned agreements, Aptech and/ or its subsidiaries will be the 22% shareholder of the combined holding company which is proposed to be listed on a Internationally recognised Stock Exchange for which work is progressing in right earnest.

7. On March 26, 2009, the Company has signed the Equity Transfer Agreement for sale of its 50% stake in the China Joint Venture. In view of the virtual certainty of the same, the Company has recognised Deferred Tax Asset aggregating to Rs 2204 Lakhs in accordance with AS-22 "Accounting for taxes on Income".

Pramod Khera
Managing Director