1. The above financial statement complies with the applicable Accounting Standards issued by ICAI.

2. Segregation of capital employed between segments (except wind power generation segment, wherein the capital employed is Rs. 1568 lacs) is not practicable as most of the fixed assets and liabilities are not identifiable with particular segments and are used interchangeably.

3. The consolidated financial results are prepared in accordance with the principles and procedures for the preparation of consolidated accounts as set out in the Accounting Standard (AS –21) issued by The Institute of Chartered Accountants of India. The financial statements of the Compucom Software Ltd and its wholly owned USA - subsidiary, ITneer Inc. have been consolidated on the line by line basis by adding together the book values of like items of income and expenses after eliminating intra-group transactions.

4. Given the Cyclic nature of Wind Power Generation, the results of any quarter may not be a proportionate indication of annual performance.

5. Other Income mainly comprises of income from treasury operations.

6. The Net Profit after tax of Rs 8.84 Lacs for the Quarter ended on March 31, 2009 is relatively down on account of the reason that the deferred tax provision of Rs 268.98 Lacs for the whole year has been made in the current quarter.

7. During the Year the Company has issued Bonus Shares in the ratio of one equity share of Rs 2/- each, for every one equity share of the Company. The Basic and Diluted EPS has been calculated after taking into account the bonus issue as per the Accounting Standard (AS)-20 Earning per Share issued by the Institute of Chartered Accountants of India.

8. Figures of the previous period, have been regrouped and rearranged wherever necessary, to compare with current period.

9. The above unaudited financial results of Indian Operations were reviewed by the Audit Committee and taken on record by Board of Directors in its meeting held on April 30, 2009. A limited review of the same has also been carried out by the statutory auditors of the company.

Surendra K Surana
Managing Director