1. The Above Audited Financial Results were taken on record by the Board of Directors at their meeting held on June 30, 2009.

2. Net Gain on account of in foreign exchange fluctuation on outstanding, will be recorded in the books of Company on realisation.

3. Mark to market loss on account of forex derivatives stood Rs 20.55 Crores, has been provided.

4. The Consolidated figures include figures of few subsidiaries proportionately arrived at till they were subsidiaries.

5. The Financials of M/s. Pt Teldata Energy services Ltd, Indonesia is not consolidated as the Company is in preliminary stage.

6. Previous year figures have been regrouped wherever necessary and corresponding period figures are not comparable.

7. With regard to the qualification of the Statutory Auditors on the Audited Accounts of the previous year on outstanding debtors, Debtors upto Rs 25849 lakhs were realised during the Financial year 2008-2009 and it is given effect in the Books of Accounts.

8. Pursuant to clarification by ICAI regarding Applicability of Accounting Standard 15(revised) on Employee benefits for accounting period commencing on December 07, 2006, company has decided to defer application of Accounting Standard 15(revised) to next year.

K Padmanabhan
Managing Director