Status of Investor Complaints for the quarter ended March 31, 2009

Complaints Pending at the beginning of the quarter Nil

Complaints Received during the quarter 96

Complaints disposed off during the quarter 96

Complaints unresolved at the end of the quarter Nil

1. The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on May 25, 2009.

2. The Company operates in a single reportable segment viz. Information Technology Services.

3. The Company continues to strengthen its leadership position in the areas of Business Availability and Business Continuity services by providing Remote Infrastructure Management Services (RIMS), Performance Management Services & Business Continuity / Disaster Recovery Solutions.

4. During the year, the Company was selected as one of Asia 200 ‘best under a billion companies by Forbes Asia. Further, the Company also got Deloite Technology Fast Asia- Pacific 2008 award during the year.

5. The position of funds raised in IPO including Share Premium and utilization thereof as on March 31, 2009 is as follows: (Rs in Lacs)

A. Funds Received - Rs 3500.00

B. Utilization
(i) Issue related Expenses - Rs 405.60
(ii) Strategic Investments - Rs 89.55
(iii) Enhancement of Existing Facilities and setting up new centers / offices - Rs 1579.32

Total Utilization - Rs 2074.47

Balance of unutilized funds out of IPO, lying in Liquid Funds / Escrow Account - Rs 1425.33

6. The Board of Directors of the Company at their meeting held on May 25, 2009 have recommended a divided @ 12%. However, declaration of dividend will be subject to the approval of shareholders at the ensuing Annual General Meeting.

7. Previous periods´ figures have been re-grouped and re-arranged wherever necessary.

Atul M Hemani
Managing Director