అకౌంట్స్ గమనికలుFourth Generation Information Systems Ltd.

Mar 31, 2025

a) No trade or other receivables are due from directors or other officers of the Company either severally or jointly with any other person. Nor any trade or other receivables are due from firms or private companies respectively in which any director is a partner, a director or a member.

b) Trade receivables are non-interest bearing and are generally on terms of 30 - 180 days

The Company has only one class of equity shares having par value of INR 10 per share. Each holder of equity shares is entitled to one vote per share.If the company shall be wound up, the Liquidator may, with the sanction of a special resolution of the company and any other sanction required by the Act divide amongst the shareholders, in specie or kind the whole or any part of the assets of the company,whether they shall consist of property of the same kind or not.

24 Segment Information

The Company is primarily engaged in providing software development services. Accordingly, the disclosure requirements under Ind AS 108 -Operating Segments are not applicable.

25 Contingent Liabilities and Commitments

The Company has evaluated its obligations and potential exposures and, as at March 31, 2025, does not anticipate any contingent liabilities.

26 Related Party Disclosures

A. Details of Related Parties

i) Entities in which directors are interested

I Q TECHNOLOGIES PRIVATE LIMITED SKYLINE PROJECTS PRIVATE LIMITED NORTHWARD PROJECTS PRIVATE LIMITED

ii) Key Managerial Personnel C.N. Somasekhara reddy T. Srivenkata Ramana Venkateswara Prasad Ratakonda Harshvardhan Barve

28 Events After The Reporting Period

The Company has assessed all events occurring subsequent to the reporting date and up to the date of approval of these financial statements by the Board of Directors. Based on such assessment, the Management has determined that there are no significant events that require adjustments to, or disclosure in, these financial statements.

29 Corporate social responsibility (CSR)

Pursuant to Section 135 of the Companies Act, 2013, the Company does not meet the prescribed applicability criteria and is, therefore, not obligated to undertake any expenditure towards Corporate Social Responsibility (CSR) activities.

Earnings Per Share

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders by the weighted average number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders (after adjusting for interest on the convertible debentures) by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity Shares.

The following table reflects the income and share data used in the basic and diluted EPS computations:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2 inputs are inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 inputs are unobservable inputs for the asset or liability.

There have been no transfers between the levels during the period.

Financial instruments carried at amortised cost such as trade receivables, other financial assets, borrowings, trade payables and other financial liabilities are considered to be same as their fair values, due to short term nature.

Investments valued at fair value through profit and loss are classified as level 3 fair values in the fair value hierarchy due to the inclusion of unobservable inputs including counterparty credit risk.

For financial assets & liabilities that are measured at fair value, the carrying amounts are equal to the fair values.

The management assessed that cash and cash equivalents, trade receivables, trade payables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments. Further, the management has assessed that fair value of borrowings approximate their carrying amounts largely since they are carried at floating rate of interest.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

Financial risk management objectives and policies

Financial risk management framework

The Company’s principal financial liabilities include borrowings, trade payables, and other payables, which are primarily used to finance and support its operational activities. Its principal financial assets comprise trade receivables, other receivables, cash and cash equivalents, and other bank balances, all of which arise directly from its operations.

The Company is exposed to credit risk, liquidity risk, and market risk, including fluctuations in foreign currency exchange rates and interest rates, which may adversely affect the fair value of its financial instruments. To mitigate these risks, the Company monitors the financial environment continuously and implements risk management strategies in line with its established policies and objectives.

Senior management is responsible for overseeing financial risk management, advising on risk strategy, and ensuring that risks are identified, assessed, and managed effectively within an appropriate governance framework. The Board of

Directors reviews and approves the Company’s financial risk management policies on a periodic basis.

A) Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthinessas well as concentration of risks. Credit risk is controlled by analysing credit limits and creditworthiness of customers on a continuous basis to whom the credit has been granted after obtaining necessary approvals for credit. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its investing activities (short term bank deposits). The Company only deals with parties which has good credit rating / worthiness given by external rating agencies or based on companies internal assessment.

Financial instruments that are subject to concentrations of credit risk principally consist of trade receivables, investments, cash and cash equivalents, bank deposits and other financial assets. None of the financial instruments of the Company result in material concentration of credit risk.

Exposure to credit risk

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk was I NR 37.03 lakhs (March 31, 2024- 390.88 lakhs) being the total of the carrying amount of Cash and cash equivalents, bank deposits, trade receivables, investments and other financial assets.

Trade receivables

IND AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each date of statements of financial position whether a financial asset or a group of financial assets is impaired. The Company recognises lifetime expected losses for all contract assets and / or all trade receivables that do not constitute a financing transaction. For all other financial assets, expected credit losses are measured at an amount equal to the 12 month expected credit losses or at an amount equal to the life time expected credit losses if the credit risk on the financial asset has increased significantly since initial recognition.

B) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other market changes. Financial instruments affected by market risk include loans, borrowings and security deposits.

Market risk comprises two types of risk:

Interest rate risk -

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of change in market interest rates. In order to optimise the Company’s position with regards to interest income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive corporate interest risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

Foreign currency exchange rate risk -

The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit or loss and other comprehensive income and equity, where any transaction references more than one currency or where assets / liabilities are denominated in a currency other than the functional currency of the respective entities. Considering the countries and economic environment in which the Company operates, its operations are subject to risks arising from fluctuations in exchange rates in those countries. The risks primarily relate to fluctuations in US Dollar against the functional currencies of the Company.

The Company is not exposed to significant interest rate risk as at the respective reporting dates.

The Company’s equity investments are mainly strategic in nature and are generally held on a long term basis. Further, the investments are not exposed to significant price risk.

C) Liquidity risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligation. The objective of liquidity risk management is to maintain sufficient liquidity and ensured that funds are available for use as per requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserves borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and exclude the impact of netting agreements.

For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximise the shareholder value.

The Company manages its capital structure in consideration to the changes in economic conditions and the requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total equity. The Company includes within net debt, borrowings including interest accrued on borrowings less cash and short-term deposits.

The Company do not have any transactions with Crypto Currency or Virtual Currency where the Company has traded or invested in Crypto Currency or Virtual Currency during the financial year.

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

The Company doesn’t have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

Prior year comparatives

The figures of the previous year have been regrouped/reclassified, where necessary, to conform with the current year''s classification.

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Mar 31, 2024

1.12 Provisions, contingent liabilities and contingent assets
Provisions

A provision is recognized if, as a result of a past event, the Company has a
present legal or constructive obligation that can be estimated reliably, and it is
probable that an outflow of economic benefits will be required to settle the
obligation. If the effect of the time value of money is material, provisions are
determined by discounting the expected future cash flows at a pre-tax rate
that reflects current market assessments of the time value of money and the
risks specific to the liability. Where discounting is used, the increase in the
provision due to the passage of time is recognized as a finance cost.

Contingent liabilities

A disclosure for a contingent liability is made when there is a possible
obligation or a present obligation that may, but probably will not, require an
outflow of resources. Where there is a possible obligation or a present
obligation in respect of which the likelihood of outflow of resources is remote,
no provision or disclosure is made.

Contingent assets

Contingent assets are not recognized in the financial statements. However,
contingent assets are assessed continually and if it is virtually certain that an
inflow of economic benefits will arise, the asset and related income are
recognized in the period in which the change occurs.

1.13 Revenue Recognition
Sale of goods and services

Revenue is recognized when the Company substantially satisfied its
performance obligation while transferring a promised good or service to its
customers. The company considers the terms of the contract and its
customary business practices to determine the transaction price.
Performance obligations are satisfied at the point of time when the customer
obtains controls of the asset.

Revenue is measured based on transaction price, which is the fair value of
the consideration received or receivable, stated net of discounts, returns and
value added tax. Transaction price is recognized based on the price specified
in the contract, net of the estimated sales incentives/discounts. Accumulated
experience is used to estimate and provide for the discounts/ right of return,
using the expected value method.

Unbilled revenue represents amounts recognized based on services
performed in advance of billings in accordance with contract terms and is net
of estimated allowances for uncertainties and provision for estimated losses.
Revenues from annual maintenance contracts are recognized pro-rata over
the period of the contract in which the services are rendered.

Revenue from sale of licenses, hardware and other related items are
recognized when the significant risk and rewards of ownership and title of the
product is transferred to the buyer which generally coincides with
acknowledgement of delivery. The value of sale is net of taxes.

Other Income

Interest Income

Interest Income mainly comprises of interest on Margin money deposit with
banks relating to bank guarantee. Interest income should be recorded using
the effective interest rate (EIR). However, the amount of margin money
deposits relating to bank guarantee are purely current in nature, hence
effective interest rate has not been applied. Interest is recognized using the
time-proportion method, based on rates implicit in the transactions.

1.14 Borrowing Costs

Borrowing costs consist of interest, ancillary and other costs that the
Company incurs in connection with the borrowing of funds and interest
relating to other financial liabilities. Borrowing cost also include Exchange
differences arising from foreign currency borrowings to the extent that they
are regarded as an adjustment to interest costs. Borrowing costs directly
attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for its intended use
or sale are capitalized as part of the cost of the asset. All other borrowing
costs are expensed in the period in which they occur.

1.15 Tax Expenses

Tax expense consists of current and deferred tax.

Income Tax

Income tax expense is recognized in the statement of profit and loss except to
the extent that it relates to items recognized directly in equity, in which case it
is recognized in equity.

Current tax is the expected tax payable on the taxable income for the year,
using tax rates enacted or substantively enacted at the reporting date, and
any adjustment to tax payable in respect of previous years.

Deferred Tax

Deferred tax is recognized using the balance sheet method, providing for
temporary differences between the carrying amounts of assets and liabilities
forfinancial reporting purposes and the amounts used for taxation purposes.

Deferred tax is measured at the tax rates that are expected to be applied to
the temporary differences when they reverse, based on the laws that have
been enacted or substantively enacted by the reporting date. Deferred tax
assets and liabilities are offset if there is a legally enforceable right to offset
current tax liabilities and assets, and they relate to income taxes levied by the
same tax authority on the same taxable entity, or on different tax entities, but
they intend to settle current tax liabilities and assets on a net basis or their tax
assets and liabilities will be realized simultaneously.

1.16 Earnings per Share

The Company presents basic and diluted earnings per share (“EPS”) data for
its ordinary shares. Basic earnings per share are computed by dividing the
net profit after tax by the weighted average number of equity shares
outstanding during the period. Diluted earnings per share is computed by
dividing the profit after tax by the weighted average number of equity shares
considered for deriving basic earnings per share and also the weighted
average number of equity shares that could have been issued upon
conversion of all dilutive potential equity shares.

1.17 Trade receivables

Trade receivables are initially recognized at fair value and subsequently
measured at amortized cost using effective interest method, less provision for
impairment, if any.

1.18 Trade and other payables

These amounts represent liabilities for goods and services provided to the
Company prior to the end of the financial year which are unpaid. The amounts
are unsecured and are presented as current liabilities unless payment is not
due within twelve months after the reporting period. They are recognized
initially at fair value and subsequently measured at amortized cost using the
effective interest method.

Fair value which is determined for disclosure purposes is calculated based on
the present value of future principal and interest cash flows, discounted at the
market rate of interest at the reporting date. For finance leases the market
rate of interest is determined by reference to similar lease agreements. In
respect of the company’s borrowings that floating rates of interest, their fair
value approximates carrying value.

(a) Depreciation and amortization

Depreciation and amortization are based on management estimates of the
future use full lives of the property, plant and equipment and intangible
assets. Estimates may change due to technological developments,
competition, changes in the market conditions and other factors and may
result in changes in the estimated useful life and may result in changes in the
estimated useful life and the depreciation and amortization charges.

(b) Employee benefits

The present value of the defined benefit obligations depends on a number of
factors that are determined on an accrual basis using various assumptions.
The assumptions used in determining the net cost/ (income) includes the
discount rate, wage escalation and employee attrition. Any changes in these
assumptions will impact the carrying amount of obligations. The discount rate
is based on the prevailing market yields of Indian government and securities
as at the balance sheet date for the estimated term of the obligations.

(c )Trade receivables

The credit worthiness of Trade receivables and the credit terms set are
determined on a case to case basis and the management has factored in the
uncertainties arising out of covid -19, as applicable. Based on other internal
and external sources of information as determined by the management, the
company expects to fully recover the carrying amount of trade receivables
except from certain customers and the company had made the adequate
provision on the same.

The fair value of Trade receivables are not considered to be significantly
different from their carrying values, given their generally short period to

2.27 Segment Reporting:

The Company concluded that there is only one operating segment i.e., IT and IT Enabling
Services. Hence, the same becomes the reportable segment for the Company.
Accordingly, the Company has only one operating and reportable segment, the disclosure
requirements specified in paragraphs 22 to 30 are not applicable.

2.28 Employee benefits:

Gratuity benefits

In accordance with applicable laws, the Company has a defined benefit plan which
provides for gratuity payments (the “Gratuity Plan") and covers certain categories of
employees in India. The Gratuity Plan provides a lump sum gratuity payment to eligible
employees at retirement or termination of their employment. The amount of the payment
is based on the respective employees last drawn salary and the years of employment with
the Company. Liabilities in respect of the Gratuity Plan are determined by an actuarial
valuation, based upon which the Company makes contributions to the Life Insurance
Corporation of India (LIC).

Leave Encashment

The Company provides for accumulation of compensated absences by certain categories of its
employees. These employees can carry forward a portion of the unutilized compensated
absences and utilize them in future periods or receive cash in lieu thereof as perthe Company''s
policy. The Company records a liability for compensated absences in the period in which the
employee renders the services that increases this entitlement

Contribution to Provident Fund

The employees of the Company receive benefits from a provident fund, a defined contribution
plan. Both the employee and employer each make monthly contributions to a government
administered fund equal to 12% of the covered employee''s qualifying salary. The Company has
no further obligations under the plan beyond its monthly contributions.

Contribution to Superannuation schemes

Certain categories of employees of the Company participate in superannuation, a defined
contribution plan administered by the Life Insurance Corporation of India. The Company makes
annual contributions based on a specified percentage of each covered employee''s salary. The
Company has no further obligations under the plan beyond its annual contributions.

The Company''s activities expose it to a variety of financial risks, including credit risk, liquidity risk
and Market risk. The Company''s risk management assessment and policies and processes are
established to identify and analyze the risks faced by the Company, to set appropriate risk limits
and controls, and to monitor such risks and compliance with the same. Risk assessment and
management policies and processes are reviewed regularly to reflect changes in market
conditions and the Company''s activities. The Board of Directors, risk management committee
and the Audit Committee is responsible for overseeing the Company''s risk assessment and
management policies and processes.

a. Credit Risk:

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial
instrument fails to meet its contractual obligations, and arises principally from the Company''s
receivables from customers and investment securities. Credit risk is managed through credit
approvals, establishing credit limits and continuously monitoring the creditworthiness of
customers to which the Company grants credit terms in the normal course of business. The
Company has the following categories of financial assets that are subject to credit risk
evaluation:

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability
threshold, needs to spend at least 2% of its average net profit for the immediately preceding
three financial years on corporate social responsibility (CSR) activities. The areas for CSR
activities are eradication of hunger and malnutrition, promoting education, art and culture,
healthcare, destitute care and rehabilitation, environment sustainability, disaster relief,
COVID-19 relief and rural development projects. A CSR committee has been formed by the
company as per the Act. The funds were primarily utilized through the year on these
activities which are specified in Schedule VII of the Companies Act, 2013:

Capital Management

The Company''s objective for capital management is to maximize shareholder wealth,
safeguard business continuity and support the growth of the Company. The Company
determines the capital management requirement based on annual operating plans and
longterm and other strategic investment plans. The funding requirements are met through
equity, borrowings and operating cash flows required.

2.37 Other statutory information:

The Company does not have any Benami property, where any
proceeding has been initiated or pending against the Company for
holding any Benami property.

a. The Company does not have any transactions with struck off
companies.

b. The Company does not have any charges or satisfaction which is yet to
be registered with ROC beyond the statutory period.

c. The Company has not traded or invested in Crypto currency or Virtual
Currency during the financial year.

d. The Company has not advanced or loaned or invested funds to any
other person(s) orentity(ies), including foreign entities (Intermediaries)
with the understanding thatthe Intermediary shall:

i. directly or indirectly lend or invest in other persons or entities identified
in any manner whatsoever by or on behalf of the company (Ultimate
Beneficiaries) or

ii. Provide any guarantee, security or the like to or on behalf of the
Ultimate Beneficiaries.

e. The Company has not received any fund from any person(s) or
entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the
Company shall:

i. directly or indirectly lend or invest in other persons or entities identified
in any manner whatsoever by or on behalf of the Funding Party
(Ultimate Beneficiaries) or

ii. Provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

f. The Company has not entered in to any transaction which is not
recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the
Income TaxAct, 1961 (such as, search or survey or any other relevant
provisions of the Income TaxAct, 1961).

g. The Company has not been declared as wilful defaulter by any bank or
financial institution or other lender.

h. The Company has complied with the number of layers prescribed
under clause (87) of section 2 of the Act read with the Companies
(Restriction on numberof Layers) Rules, 2017.

i. No Scheme of Arrangements has been approved by the Competent
Authority in terms of sections 230 to 237 of the Companies Act, 2013,
during the year.

j. The Company does not have any borrowings from banks or financial
institutions against security of its current assets.

For NSVR & ASSOCIATES LLP., For and on behalf of the Board of Directors of

Firm Registration Number: 08801S/S200060 FOURTH GENERATION INFORMATION SYSTEMS LTD

Chartered Accountants ^ 2^

_hl o_Dimiwaoi i C. N. Somasekhara Reddy T. Srivenkata Ramana

pA.N SRiNiVASU _{Managing Djrector} * _Director

uv. ono^o DIN: 02441810 DIN:03195303

Membership No. 209453

UDIN:23209453BGYBSG9997 Sd/- Sd/~

Venkateswara Prasad Ratakonda Harshvardhan Barve

Place: Hyderabad CFO (KMP) Company Secretary

Date : 30-05-2024 PAN: ADCPR2646E PAN; BLPPB8543N

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Mar 31, 2014

1. Terms/rights attached to equity shares The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held.

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Mar 31, 2013

1. Contingent Liabilities: Nil

2. Figures have been rounded off to the nearest rupee.

3. Previous year figures have been regrouped, reclassified and recast wherever necessary to conform to current year''s classification.

4. Managerial Remuneration: Managerial Remuneration paid to the Managing Director and Whole time Directors: Nil

No computation of Profit under Sec. 350 of the Companies Act, 1956 has been given as no Commission is paid to directors.

5. The Company has not received any information from any of the suppliers of their being Small Scale Industrial Unit. Hence, the amounts due to Small Scale Industrial Units outstanding as on 31st March 2013 are not ascertainable.

6. Quantitative Details:

The Company is engaged in the business of development of Computer Software. The production and sale of such software is not capable of being expressed in any generic unit. Hence, it is not possible to give the quantitative details of such sale and the information required under paragraphs 3, 4C and 4D of the Part II of Schedule VI of the Companies Act, 1956.

7. Some of the Sundry Debtors, Loans and Advances, Deposits, Other Receivables and Sundry Creditors are subject to confirmation, reconciliations and adjustments if any.

8. Unclaimed dividend pertaining to the year 2000-01 to the extent of Rs. 15,765 has not been transferred to Central Govt. account for unclaimed dividends.

9. Notes 1 to 15 form part of Balance Sheet and have been authenticated.

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Mar 31, 2012

1. Contingent Liabilities: Nil

2. Figures have been rounded off to the nearest rupee.

3. Previous year figures have been regrouped, reclassified and recast wherever necessary to conform to current year's classification.

4. Managerial Remuneration: Managerial Remuneration paid to the Managing Director and Whole time Directors: Nil

No computation of Profit under Sec. 350 of the Companies Act, 1956 has been given as no Commission is paid to directors.

5. The Company has not received any information from any of the suppliers of their being Small Scale Industrial Unit. Hence, the amounts due to Small Scale Industrial Units outstanding as on 31st March 2012 are not ascertainable.

6. Quantitative Details:

The Company is engaged in the business of development of Computer Software. The production and sale of such software is not capable of being expressed in any generic unit. Hence, it is not possible to give the quantitative details of such sale and the information required under paragraphs 3, 4C and 4D of the Part II of Schedule VI of the Companies Act, 1956.

7. Some of the Sundry Debtors, Loans and Advances, Deposits, Other Receivables and Sundry Creditors are subject to confirmation, reconciliations and adjustments if any.

8. Unclaimed dividend pertaining to the year 2000-01 to the extent of Rs. 15,765 has not been transferred to Central Govt. account for unclaimed dividends.

9. Notes 1 to 16 form part of Balance Sheet and have been authenticated.

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Mar 31, 2010

1. General:

Figures have been rounded off to the nearest rupee.

Previous year figures have been regrouped, reclassified and recast wherever necessary to conform to current year’s classification.

Figures in brackets are for previous year.

2. The Company has not received any information from any of the suppliers of their being Small Scale Industrial Unit. Hence, the amounts due to Small Scale Industrial Units outstanding as on 31st March 2010 are not ascertainable.

3. Quantitative Details:

The Company is engaged in the business of development of Computer Software. The production and sale of such software is not capable of being expressed in any generic unit. Hence, it is not possible to give the quantitative details of such sale and the information required under paragraphs 3, 4C and 4D of the Part II of Schedule VI of the Companies Act, 1956.

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Mar 31, 2009

1. General:

Figures have been rounded off to the nearest rupee.

Previous year figures have been regrouped, reclassified and recast wherever necessary to conform to current years classification.

Figures in brackets are for previous year,

2. Managerial Remuneration: Managerial Remuneration paid to the Managing Director and Whole time Directors

Salaries Nil Nil

No computation of Profit under Sec. 350 of the Companies Act, 1956 has been given as no Commission is paid to directors.

3. The Company has not received any information from any of the suppliers of their being Small Scale Industrial Unit. Hence, the amounts due to Small Scale Industrial Units outstanding as on 31st March, 2009 are not ascertainable.

4. Quantitative Details: The Company is engaged in the business of development of Computer Software. The production and sale of such software is not capable of being expressed in any generic unit. Hence, it is not possible to give the quantitative details of such sale and the information required under paragraphs 3, 4C and 4D of the Part II of Schedule VI of the Companies Act, 1956.