1. Other Expenditure for the year includes development costs of Rs 4,480 Lacs and foreign exchange loss of Rs 634 Lacs (Rs 5234 Lacs and Rs 1014 Lacs respectively in consolidated financials).

2. During the year, pursuant to Employees Stock Option Plan 2005; 28,300 options related to Grant I (after adjustment for bonus shares) were exercised and 74,850 vested options (after adjustment for bonus shares) remain unexercised as on March 31, 2009 For Grant III, 92155 vested options (after adjustment for bonus shares) remained unexercised as on March 31, 2009.

3. The Company has also granted 477,750 stock options on July 28, 2008 at a price of Rs 108 which would vest after completion of 1 year from the date of grant 461,250 unvested stock options were outstanding as on March 31, 2009 in respect of this grant.

4. During the year, the Company granted a loan of Rs 2000 Lac (total loan outstanding as on March 31, 2009- Rs 2,000 Lac) at 12% p.a. to NIITian Welfare Trust (The Trust) which has been formed for the purpose of providing welfare benefits to the employees of the Company and that of NIIT Ltd and their subsidiaries. The trust has primarily invested the amount borrowed in equity shares of the Company and that of NIIT Ltd. Based on the dosing price of shares as at May 25, 2009, there is a surplus of Rs 1398 Lacs in the Trust.

5. The Company invested a total of Rs 5,000 Lacs from financial year 2002-03 till 2006-07 in the equity share capital in NIIT SmartServe Ltd {NSS) a wholly owned subsidiary involved in Business Process Management. As at March 31, 2009 the net worth of NSS is Rs 1,583 Lacs. NSS is strategically important as its capability allows the Company to offer a complete end to end IT solution to its Client enhancing the scope of offerings. Though NSS has made net profit during the year yet taking cognizance of present economic environment as a prudent and conservative measure a provision amounting to Rs 2,500 Lacs (included in expenditures - other for the quarter and year ended March 31, 2009) has been charged to the profit and loss account of the Company towards the notional diminution in the value of the investment based on valuation carried out by the management.

6. During the year, the Company formed a wholly owned subsidiary in Dubai named NIIT Technologies FZ LLC, Dubai.

7. The Company operates in a single primary business segment.

8. The consolidated financial results have been prepared in accordance with applicable Accounting Standards notified under Companies (Accounting Standard) Rules 2006.

9. The Board of Directors have recommended a dividend of Rs 6.50 per equity share (Previous year: Rs 6.50 per equity share).

10. The figures of the previous quarter / year, to the extent feasible, have been re-grouped / re-classified to conform to current quarter / year´s classification.

11. The above results have been approved and taken on record by the Board of Directors at its meeting held on May 26,
2009.

Arvind Thakur
CEO & Jt. Managing Director