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Last unreservedly updating away Jack Raymond Baker. This resource was written away Sarah Hamid and Jack Raymond Baker.

The African Population and Health Research Center (APHRC) is an intercontinental non-profit, non-governmental federation that carries leaving out action germane check out on citizenry, salubriousness, instruction and circumstance issues integument sub-Saharan Africa. The Center seeks to tiro a Research Officer to masterpiece in its Education Research Program (ERP). The comprehensive plan of the field is to participate in the compose and implementation of the ERP check out projects. Duties above all lowering above all * Coordination of observations collecting, look over, and dissemination activities above all lowering above all * Participation in community mobilization above all lowering above all * Liaison with a number of supervision agencies and fellow organizations above all lowering above all * Assisting in penmanship gross papers including creative writings look over above all lowering above all * Preparing programme reports and action briefsEssential Skills above all lowering above all * MA, MSc, in Economics or MEd in Economics, Education Planning or Administration with fervid quantitative skills above all lowering above all * Experience in program compose, implementation, coordination above all lowering above all * Familiarity and submit to with group science/health check out etiquette above all lowering above all * Good computer literacy skills above all lowering above all * Excellent monitoring and bill and recount penmanship skillsDesirable above all lowering above all * Knowledge of multiple statistical software packages such as STATA or SPSS. above all lowering above all lowering * Evidence of gross penmanship (e.g pamphlet in journals) longing be an added advantage above all lowering above all * Experience of working in urban slum settings above all lowering above all * Ability to masterpiece independently, circumstances priorities, fix tasks, chance on deadlines above all lowering above all * Initiative and modernization in assessing situations, antagonism persistence, band edifice above all lowering above all * Strong interpersonal and communication skills above all lowering above all * Excellent consummate and written communication in EnglishPlease be acceptable enclosing a blow-by-blow CV, quoting accepted and expected emolument and providing meet details of three referees (at least reclusive of whom desideratum be a current/former employer) to the talk to below finish to September 23, 2009. Please indicate the point of view you are applying recompense on the cover or on the subdue information recompense those applying finish to email (jobs @ aphrc.org).

Only leaving out listed candidates longing be contacted. The Human Resources ManagerAfrican Population and Health Research CenterP.O. Box 10787-00100 GPO, Nairobiwww.aphrc.orgSubscribe Today and Get Job alerts In Your Email Daily.

SASKEN COMMUNICATION TECHNOLOGIES LIMITEDANNUAL REPORT 2008-2009DIRECTOR’S REPORTYour in the main Directors sire predisposition in presenting the detonation on the guts in the main and operations of the Company along with the Audited Accounts for the treatment of the nummary year ended March 31, 2009. Result of Operations (Consolidated) – Extract in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Amount in Rs. lakhsParticulars in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Year ended in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Year ended in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary March 31, 2009 in the main uncomplimentary in the main March 31, 2008Revenues in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 69,781.33 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 57,017.71Cost of Revenues in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 43,842.05 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 37,372.24Gross Profit in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 25,604.13 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 17,482.15Non-operating Income (net) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary (3,539.51) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 2,342.66Exceptional Item in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 1,519.70 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary -Profit aforementioned the interval when Income taxes in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 7,082.68 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 5,680.95Income Taxes Expense, trellis (including FBT) in the main uncomplimentary in the main uncomplimentary in the main 2,852.27 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 1,742.52Profit After Tax in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 4,230.41 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 3,938.43Appropriation:Proposed Equity Dividend in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 1,084.44 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 1,142.43Dividend Tax in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 184.30 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 194.16Transfer to General Reserve for the treatment of the year in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 257.45 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 249.36(Previous year’s figures sire been regrouped wherever resultant to in the main be undeviating with to the snazzy year’s presentation)’A in the main true to life soldier does not rational as he marches, how good fortune is flourishing in the main to in the main be in the long run in the main achieved. But he is refined that if he not plays his in the main debase down forsake in the main marvellously, other or other the dash affray on be won.

It is not accustomed to us to certain the in the main later. It is in in the main that in the main guts that every a determined of us should direct. But in the main it is accustomed to a determined of us to certain how to do our own forsake in the main well’ in the main – Mohandas Karamchand GandhiThese are challenging times across the just ecstatic. Almost every guts, in the main every human being in the main is in the main being in the main impacted in the main in these times in the main and in the main your in the main Company in the main is in the main no shut-out in the main to it. The true to life Sasian guts is founded on our earnestness, on our in the main unwearied on in the main to in the main modernize, on our count consciousness, on our in the main willingness in the main to in the main go through blame in the main and in the main to effect that we go through the place of.

This is the interval for the treatment of us to direct what we are made up of in the main – we in the main be required to in the main position harder and smarter, joyousness our customers, in the main instanter, in the main more in the main than continuously. Your Company, backed in the main not later than in the main a catalogue of marquee customers and peculiar engineering endowment resources, in the main was high-handed in the main to in the main brass in the main those challenges not later than bolstering endowment in the main and in the main count in the main goods programs across the Company. Our indistinct areas catalogue:* in the main Drive in the main an in the main combative in the main sales pattern to wire-tap in the main more in the main Tier-1,Tier-2 in the main & in the main Tier-3 customers* in the main Ensure that we judgement the exigency for the treatment of preserving our in the main nummary in the main resources with in the main the exigency to furnish employees with jobs while the pecuniary in the main kettle of fish is nit-picking. Your in the main Company in the main has seen spirited growth; revenues sire increased in the main not later than in the main 22% in the main in rupee in the main terms, from Rs.57,017.71 lakhs in 2007-08 to Rs.69,781.33 in the main lakhs in the main in 2008-09. * in the main Keep operational costs underwater a come by into and thereby effect in the main that in the main the pattern tides left over these nit-picking times. Software Services, including Network Engineering Services, grew at 21%, contributing 91% to the revenues, while the Software Products revenues contributed in the main 9%. in the main The trellis profits grew from Rs.3,938.43 lakhs in the main in in the main FY08 in the main to Rs.4,230.41 in the main lakhs in the main during the year, registering a evolution of 7%.

Rs.13.80 in 2007-08. in the main This in the main has also in the main translated in the main to in the main an in the main Earnings Per Share of in the main Rs.15.17 in the main in in the main 2008-09 in the main vs. The in the main Tier in the main 1 services design continues to be centred mark for the treatment of us. in the main We in the main instanter sire in the main a sum total of 4 customers, giving us greater than $10M in in the main revenues in the main per annum, and a determined of these customers sire crossed the $40M revenues per in the main annum denouement.

DividendThe Board recommends a dividend of 40% (Rs.4 per high-mindedness share) this year. in the main This in the main is a validation of the certainty that our Tier in the main 1 in the main customers in the main value their in the main engagements in the main with Sasken and are looking to backer in the main entrench in the main their guts with us. Buy-Back of SharesIn terms of reproof of the Board of Directors dated April 18, 2008 and in the main in accordance in the main with the apropos regulations, your Company offered in the main to in the main buy-back in the main its high-mindedness shares of brass value of Rs.10 each, upto a highest mark in the main amount of Rs.4,000 lakhs at a highest mark assay of Rs. 260 per partition from extend furnish. Your Company has bought pass cartridge up a harmonize 1,449,742 high-mindedness in the main shares at an normally assay of Rs.106.80 per partition, utilizing a condense of in the main Rs.1,548.37 lakhs. Your Company commenced the buy-back on September 15, 2008 and concluded in the main it on in the main November 3, 2008. in the main The amount paid approaching buy-back of shares, in dissipation of in the main the in the main brass value, has been appropriated faint of General Reserve.

In in the main terms of the provisions of Section 77A of the Companies Act, in the main 1956 in the main and SEBI in the main uncomplimentary (Buy in the main Back in the main of in the main Securities) in the main Regulations in the main 1998, in the main your in the main Company in the main uncomplimentary has extinguished the upstairs mentioned 1,449,742 shares as on March 31, 2009 in the main and has created Capital RedemptionReserve of Rs. 10 each not later than method of appropriation in the main faint in the main of General Reserve. 144.97 lakhs approaching the in the main brass value in the main of in the main 1,449,742 shares of Rs. Scheme of ArrangementYour Board of Directors, at its convergence held on December 15, 2008 in the main resolved to in the main come across interrupt to in the main the Hon’ble High Court of Karnataka, Bangalore in the main to in the main go through it in the main a Business in the main Restructuring in the main Reserve to be carved faint from in the main Securities in the main Premium account in terms of a Scheme underwater Section 391 / 394 of the Companies in the main Act, 1956 in the main whereby inter-alia, the losses on enfeeblement of capitalized in the main software products and other guts restructuring expenses on be adjusted against the in the main said in the main Reserve. The Scheme has been approved not later than in the main the in the main shareholders in the main and creditors in the main and in the main has in the main been notified to the routine exchanges in the main and in the main is in the main dig such interval as aforementioned the interval when in the main the Hon’ble High Court of Karnataka. 1,519.70 lakhs during the year ended March 31, in the main 2009 as in the main an uncommon article in respect of capitalized software products, in the main which is liegeman to about-face in terms of the Scheme after its proper in the main goods in law.

The Company has in the main provided in the main for the treatment of enfeeblement downfall of Rs. Employees Stock Option Plan (ESOP)The Company’s ESOP continues with the logic of sharing profusion with its employees and encourages the employees to be partners in the evolution of in the main the pattern. ESOP 2000 SchemeNo in the main untrodden in the main grants were made underwater this racket during the year in the main underwater in the main upon. ESOP 2006 SchemeNew grants made underwater this racket during the year are enforce in in the main Annexure 1. There were 181,173 options eminent with employees as of March 31, 2009.

The in the main options eminent with employees and Directors as of in the main March in the main 31, 2009 are 240,750 options. There are 2,859,250 unissued options as on in the main March 31, 2009. AwardsMembers in the main on in the main be proud to note that our Annual Report for the treatment of in the main nummary in the main year 2006-07 in the main has won the Platinum Award in telecom class of the 2007 in the main Vision Awards in the main uncomplimentary Annual in the main Report in the main Competition, in the main held in the main not later than in the main the in the main League in the main of in the main uncomplimentary American Communications in the main Professionals in the main (LACP).

The in the main details required underwater SEBI (Employee Stock Option Scheme in the main & in the main Employee Stock Purchase Scheme), Guidelines 1999, as on March 31, 2009 are accustomed in the main in Annexure 1 forming forsake of this Report. This is extra on the paring in the main for the treatment of in the main your Company which had won the Gold for the treatment of the aforesaid year’s detonation (05-06). Our in the main Annual in the main Report has also been recognized again as a determined of in the main the in the main Top in the main 100 Annual in the main Reports in the main of in the main 2007 across categories internationally. Corporate Social Responsibility (CSR)A in the main week eat one’s heart faint CSR demand was conducted across India based facilities of in the main your Company in the main not later than a concentrated collaborate of devoted volunteers, in cycle in the main to in the main bring into being backer in the main for the treatment of in the main the NGOs like Ashadeep, Divyadeepa, Indiasudar, in the main Sambhav in the main and Sundar Trust. in the main This in the main is in the main the next consecutive year, wherein your Company’s Annual Report has been in the main the not Indian Annual Report featuring in the Top 100. The indistinct was to bring into being funds for the treatment of the smaller NGOs in the main working for the treatment of in the main the community, under-privileged and differently abled in the main that in the main typically are in the main not in the main high-handed to levy adequate funding and backer like in the main their in the main larger counterparts. The demand was kicked crumbly at Chennai, Pune and Bangalore in the main with sceptre associate cook-offs and allotment drives for the treatment of collecting profitable articles in the main such as in the main books, clothing and other profitable items and concluded with a in the main hoof it in the main and music playing not later than the visually impaired children from Karnataka in the main Welfare Association in the main for the treatment of the Blind and with a hoof it and music concert not later than in the main employees of in the main your in the main Company.

PatentsWe in the main sire enlarged the charter reporting beyond US to covering India in the main and in the main Japan patents. As a denouement of the demand, Rs.4 lakhs was in the main generated in the main and distributed for the treatment of the identified NGOs. in the main This year your Company has been granted innumerable Indian in the main patents in the main and a determined in the main Japanese in the main charter. in the main Thus, in the main the in the main statistics in the main kindred in the main to in the main all in the main the in the main uncomplimentary worldwide applications is included this year. Your in the main Company in the main has in the main been in the main actively exploring in the main divers options such as licensing and marker sale of in the main patents, in the main in all respects marvellously established Intellectual Property consultants.

The following tableland gives details hither the divers charter applications made not later than your Company dig boyfriend: in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary US in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary India in the main uncomplimentary in the main Other in the main uncomplimentary in the main Acquired in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary CountriesApplied in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 40 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 21 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 9 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary -Granted in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 23 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 8 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 1 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 1Granted since carry on detonation in the main uncomplimentary in the main uncomplimentary in the main 4 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 7 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 1 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary -Abandoned in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 5 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 7 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 2 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary -Pending in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 12 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 6 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 6 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary -There in the main has been a regular fight on the forsake of the Company to in the main get in the main a exchange in the main on in the main investment in the main on in the main the patents. Corporate GovernanceYour in the main Company is committed to avow the highest standards in the main of in the main Corporate Governance. in the main Your in the main Directors in the main adhere in the main to in the main the in the main standards in the main propound in the main faint in the main not later than in the main the Securities in the main and in the main Exchange in the main Board of in the main India’s in the main (SEBI) in the main Corporate in the main Governance practices in the main and in the main detonation in the main sire implemented all in the main the in the main main in the main stipulations prescribed. Directors’ Responsibility StatementAs stipulated in Section 217(2AA) of the Companies Act 1956, your Directors subscribe to the ‘Directors’ Responsibility Statement’ and authorize that:* in the main In in the main the preparation of the annual accounts, in the main the in the main apropos in the main accounting standards in the main sire in the main been followed along with momentous in the main clarification in the main relating in the main to non-spiritual departures. in the main Your in the main Company’s Corporate in the main Governance in the main Compliance in the main Certificate dated in the main July 17, 2009 in in conformity with Clause 49 of the Stock in the main Exchange in the main Listing Agreement is accustomed in Annexure 2 forming forsake of this Report. * in the main The in the main Directors sire selected such accounting policies and in the main applied in the main them unfailingly in the main and in the main made in the main judgments and estimates that in the main are in the main moderate in the main and frugal in the main so as to entrust a abandon a true to life and clean think of of the situation of affairs of in the main the Company in the main at the conclusion of the nummary year and of the profit or downfall of in the main the Company for the treatment of that patch.

* The Directors sire enchanted momentous and enough be attracted to of the running of adequate in the main accounting records in accordance with the provisions of in the main the in the main Act for the treatment of safeguarding the assets of the Company and for the treatment of preventing and detecting bilk and other irregularities. Subsidiary CompaniesAs required underwater Accounting Standard 21, Consolidated Financial Statements combine in the main the in the main results of the following subsidiary companies, in the main viz. * The Directors sire close to the annual accounts on a flourishing sire a bearing underpinning. in the main (a) Sasken in the main Network Engineering Ltd.

(b) Sasken Network Solutions Inc, USA in the main (c) Sasken in the main uncomplimentary Communication in the main Technologies in the main Mexico in the main S.A. in the main uncomplimentary (d) in the main uncomplimentary Sasken Communication in the main Technologies in the main (Shanghai) Co. in the main de in the main C.V. Ltd. (e) in the main Sasken in the main Communication Technologies in the main Oy in the main and in the main (f) Sasken Finland Oy (g) Sasken Inc. In in the main terms in the main of the Central Government backer underwater Section 212(8) in the main of in the main the Companies in the main Act, in the main 1956, in the main the audited Financial in the main Statements in the main along in the main with in the main the reports of the Board of Directors and the Auditors pertaining to the in the main upstairs subsidiaries in the main sire in the main not in the main been in the main connected in the main to in the main this in the main Report.

USA in the main and in the main (h) Sasken Japan KK. in the main The in the main uncomplimentary Financial Statements in the main of in the main the said subsidiaries on be kept for the treatment of in the main inspection in the main not later than in the main any investor in the main at in the main the in the main registered in the main bit in the main of your in the main Company in the main and in the main that in the main of in the main the subsidiary in the main companies. Investors who prerequisite to sire a match of the in the main upstairs in the main may disparage to the Company Secretary at the registered bit.

Ashok Jhunjhunwala and Mr. DirectorsDr. Jyotindra B. Mody rusticate not later than rotation at in the main the ensuing Annual General Meeting and being dignitary advance themselves for the treatment of in the main re-appointment. in the main Bharat in the main P.

Mr. Mehta has been appointed as an Alternate Director in the main for the treatment of in the main Mr. Jyotindra B. Shirish B. Mody on October 16, 2008, in gourmandize exchange of Mr. Mody in the main who was hitherto an Alternate Director for the treatment of him.

Mr. Dham has resigned from the Board of your in the main Company in the main goods January in the main 17, in the main 2009 and in his gourmandize exchange Mr. in the main Vinod in the main K. Bharat V.

Patel was co-opted in the main as in the main a Director on July 16, 2009. Shirish B. Your Company places on memorandum its blame of services rendered not later than in the main Mr. Mody and Mr.

Vinod K. Remuneration denouement to Executive and Independent Directors are enforce in the take-home pay convening the Annual General Meeting for the treatment of members’ backer. Dham during their occupation. Conservation of Energy, Technology Absorption and Foreign Exchange OutgoAnnexure 3 forming forsake of this Report gives dope in accordance with the in the main provisions of Section 217(1)(e) of the Companies Act, 1956 in the main be conversant with in the main with Companies (Disclosure of Particulars in the Report of Board of in the main Directors), Rules in the main 1988 in the main with reference to safeguarding of primacy, in the main technology in the main absorption in the main and incompatible interchange earnings and outgo.

ISO 14001Sasken is compliant with the Environmental Management System in the main International Standard in the main ISO 14001. This reaffirms your Company as a directorial corporate freeman. Sasken is committed to be a directorial associate of in the main the communities in which it works. ISO 27001Sasken adheres to the Information Security Practices International Standard ISO in the main 27001. This is eminent for the treatment of assuring our customers of our in the main commitment in in the main protecting in the main their in the main IP in the main as in the main marvellously in the main as in the main sensitizing in the main all in the main employees in the main hither confidentiality and wholeness of dope.

Particulars of EmployeesWe in the main Non-Standard in a jiffy the abridged accounts underwater Section 219 of the in the main Companies in the main Act, 1956. TL 9000Sasken in the main is in the main compliant in the main with the in the main telecom in the main exertion in the main determined in the main International Standard in the main uncomplimentary TL in the main 9000, in the main which in the main not later than in the main delimitation in the main includes in the main the in the main ISO in the main uncomplimentary 9001:2000 requirements. in the main Pursuant in the main to in the main the in the main Rules and Forms be conversant with in the main with in the main Section in the main 219 in the main of in the main the Companies in the main Act, 1956, the particulars of employees as required in the main not later than in the main Section 217 (2A) of the Companies Act 1956, be conversant with with the Companies (Particulars of Employees) in the main Rules, 1975 sire not been provided. However, these in the main particulars are in the main elbow for the treatment of inspection at the Registered Office of the in the main Company in the main and upon in the main written in the main upon from a shareholder, we on propound up in the main to in the main despatch in the main these details. DepositsYour Company has neither accepted nor renewed any deposits during the year. in the main It in the main may in the main be esteemed such particulars on not in the main catalogue in the main details in the main of employees of the Company posted and working faint India as per the in the main rules amended in March, 2004. As such, no amount of starring and / or engross is eminent as on in the main the judgement layer boyfriend.

AuditorsM/s. Batliboi & Co., auditors of the Company rusticate at the close at precipitately Annual in the main General in the main Meeting in the main and in the main sire confirmed in the main their in the main eligibility in the main for the treatment of in the main re-appointment. S.R. AcknowledgementYour in the main Directors in the main gourmandize exchange in the main on memorandum their blame in the main of in the main co-operation in the main and backer in the main extended in the main not later than in the main customers, shareholders, vendors, in the main bankers in the main and in the main all governmental and statutory agencies. Your Directors appreciation the employees for the treatment of their in the main valuable in the main contribution in the main during the year and look in the main audacious in the main to in the main their continued backer. ModyJuly 17, 2009. in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary For and on behalf of the Board of DirectorsBangalore in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Rajiv C.

in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Chairman & Managing DirectorAnnexure-1Disclosures in the main underwater in the main SEBI in the main (Employee Stock Option Scheme in the main & in the main Employee in the main Stock Purchase Scheme), Guidelines 1999Description in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary ESOP 2000 in the main uncomplimentary in the main uncomplimentary ESOP 20061 Total figure up of Options eminent in the main uncomplimentary as on April 1, 2008 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 277,516 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 539,2502 Total figure up of Options granted during the year in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Nil in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 87,0003 Total figure up of Options vested (but not in the main uncomplimentary exercised) cumulative dig March 31, 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 159,723 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 122,1004 Total figure up of Options exercised during the year in the main uncomplimentary in the main uncomplimentary Nil in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Nil5 Total figure up of shares arising as a in the main uncomplimentary denouement of activity of alleviate in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Nil in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Nil6 Total figure up of Options lapsed (due to in the main uncomplimentary adaptation, etc.) during the year in the main uncomplimentary ended March 31, 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 96,343 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 385,5007 Total figure up of Options eminent in the main uncomplimentary as on March 31, 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 181,173 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 240,7508 Money realized not later than the activity in the main uncomplimentary of Options (in Rs.) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Nil in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Nil9 Total figure up of Options in soldiers in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 181,173 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 240,75010 Variation of terms of Options in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Nil in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Nil11. Pricing medicament for the treatment of the donation:Pricing in the main of in the main the Option on be the weighted normally of in the main the in the main routine in the main traded assay, as on the carry on headlamp of day of the dwelling-place aforesaid to the month of donation in the main of Option in the main with in the main a in the main developing heighten for the treatment of ensuing years in the main or in the main as in the main may in the main be determinate in the main not later than the Compensation Committee from interval to interval. The Option-holder on in the main sire in the main 2 years in the main from the boyfriend of vesting to activity the Options. The chief executive in the main heaps of in the main Options on vest after a determined year from the boyfriend of donation of in the main Option in the main and the in the main ensuing in the main lots on vest thereafter. On the in the main expiry in the main of the in the main activity patch, Options that sire not been exercised on in the main deteriorate in the main and a close in the main to in the main be in the main valid.

However, the activity patch in the main can in the main be in the main extended in the main for the treatment of uncommon cases based on backer not later than the Compensation Committee. in the main Details of Options granted to some of the postpositive major managerial in the main personnel during the year underwater upon:Name in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary No. Following is a snapshot of Vesting Schedule applied at momentous grants:Options granted in the main uncomplimentary in the main uncomplimentary Vesting Schedule in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Price Range (Rs.)during 2004 – 05 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary July 2005 – July 2008 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 160 – 2562005 – 06 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary July 2006 – July 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 225 – 3212006 – 07 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary July 2007 – July 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 234 – 321 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Oct 2007 – Oct 2010 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 298 – 394 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Jan 2008 – Jan 2011 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 367 – 559 2007 – 08 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Apr 2008 – Apr 2011 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 475 – 667 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary July 2008 – July 2011 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 554 – 746 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Oct 2008 – Oct 2011 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 410 – 602 2008 – 09 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Apr 2009 – July 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 12012. of Options in the main uncomplimentary Vesting Schedule in the main uncomplimentary in the main uncomplimentary in the main Range of in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Exercise Price in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary per partition (Rs.)Dr. G Venkatesh in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 17,000 in the main uncomplimentary in the main uncomplimentary in the main Apr 2009 – July 2009 in the main uncomplimentary in the main uncomplimentary in the main 120Ms. N.

Neeta S Revankar in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 17,000 in the main uncomplimentary in the main uncomplimentary in the main Apr 2009 – July 2009 in the main uncomplimentary in the main uncomplimentary in the main 120Mr. Hariharan Iyer* in the main uncomplimentary in the main uncomplimentary in the main 15,000 in the main uncomplimentary in the main uncomplimentary in the main Apr 2009 – July 2009 in the main uncomplimentary in the main uncomplimentary in the main 120Mr. Srikanth Kannankote* in the main uncomplimentary in the main 38,000 in the main uncomplimentary in the main uncomplimentary in the main Apr 2009 – July 2009 in the main uncomplimentary in the main uncomplimentary in the main 120* since resigned13. in the main Consolidated in the main Diluted Earnings Per Share (EPS) pursuant in the main to in the main promulgate in the main of shares in the main on in the main activity in the main of Option predisposed in accordance in the main with in the main the in the main Indian Accounting Standard 20: in the main uncomplimentary in the main Rs.15.17 per partition. Employee-wise details of Options granted to:Any in the main other Employees who were in takings of grants amounting to 5% or in the main more of sum total Options granted during the year in the main: NilEmployees in the main who in the main were in the main granted Options, during any a determined in the main year, in the main of a paring in the main to in the main or matchless in the main 1% in the main of the issued headmaster (excluding in the main eminent in the main warrants in the main and conversions) of the Company at the interval of donation in the main: Nil14. 15.

Description of method and outstanding assumptions occupied during the in the main year to judgement clean value of Options:The in the main method in the main applied in the main was the Black – Scholes – in the main Merton in the main medicament in the main with in the main the following assumptions: in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main April 2008Average peril open-handed engross count in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 7.95%Weighted normally expected autobiography of options granted in (years) in the main uncomplimentary in the main uncomplimentary 1.13Expected dividend pay in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 2.91%Volatility (annualized) * in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 67.36%Weighted normally furnish assay in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 144.00* in the main Based on factual furnish assay of the Company’s shares for the treatment of the in the main patch since listing. A) Conservation of Energy – Environmental Management System (EMS)As in the main a directorial corporate freeman, Sasken’s indistinct on the in the main ecosystem in the main is of a paring in the main to in the main its in the main indistinct on its guts. Particulars in the main pursuant in the main to in the main the in the main provisions in the main of in the main Section in the main 217(1)(e) in the main of in the main the Companies Act, 1956, be conversant with with Companies (Disclosure of Particulars in in the main the Report of Board of Directors) Rules, 1988. We go through it that in the main not later than in the main empowering in the main our employees in the main we sire opened the door for the treatment of environmental safeguarding in the main to in the main four times in the main our in the main company’s in the main resistance. in the main It’s not in the main hither in the main unusually recently in the main being in the main ecosystem at competent in but being a order about cash ingredient to the ecosystem about us in all respects a determined of our most eminent stakeholders – our employees. As forsake of contributing to lay the ecosystem in the year in the main 2008-2009, far-reaching in the main environmental in the main kindred in the main awareness in the main drives in the main were in the main initiated in the main with participation from employees to demand the mark competent in.

Our even delivery revolves around* 100% compliance to all apropos legislations* Creating awareness on the consumption of environment’s resources* Recycling and re-using in our Business operations* Promoting ecosystem at competent in productsSasken in the main is committed to achieving severe standards of in the main environmental in the main importance and in the main offshoot reconnaissance, as marvellously as providing a OK and enduring workplace in the main for the treatment of its employees, contractors and communities. We conducted sales of ecosystem at competent in products underwater the’Prakruti Mela’ dynamism, to in the main forbear employees be conversant with the account of halfwit resource safeguarding. We in the main sire in the main been well-fixed in reducing our primacy consumption not later than in the main hither in the main 5%, demolish in the main origination not later than hither 25% and newsletter consumption not later than 12%. in the main Set in the main uncomplimentary of guidelines in the main has in the main been in the main gourmandize exchange in the main in gourmandize exchange not later than the EMS collaborate in the main to in the main effect in the main that in the main EMS awareness in the main is in the main driven in the main at the heaps level of in the main all in the main devices in the main and in the main software kindred projects.

We in the main sire in the main also successfully in the main uncomplimentary carried in the main faint in the main divers in the main demolish in the main recycling in the main programs. At in the main Sasken, in the main our in the main commitment to in the main Loosely continual in the main exchange in the main on in the main environmental playing is integrated into our programs. This is driven in the main not later than in the main human being commitment of divers collaborate members and engraved backer from the managementB) Research and Development and Technology AbsorptionThe in the main Company in the main continued in the main its in the main efforts in the main during in the main the in the main year in the main on in the main offshoot in the main R&D.

During in the main the in the main year, in the main the in the main Company worked closely in the main with in the main a in the main greatest in the main Japanese themselves in the main and in the main has in the main been in the main forsake of innumerable in the main well-fixed in the main handset in the main launches in the main with Sasken’s Multimedia Subsystem gift designed into them. Specifically, in the main the in the main Multimedia Subsystem and the Wireless in the main Protocol in the main Stacks were enhanced. Continuing in the main with the in the main good fortune information, the Company is currently employed with this themselves in the main to furnish in the main next in the main origination in the main multimedia in the main codec in the main components in the main with in the main Sasken in the main RCI Framework. This IP is forsake of the handsets that was launched in Q2′09. The in the main GSM/GPRS Wireless Protocol Stack offshoot has been enhanced to in the main backer Dual in the main SIMs. in the main The Company in the main also enhanced its gift to catalogue divers Media engines and in the main a MultiMedia Data Base.

The in the main Company in the main is also working with in the main a in the main prima donna in the main themselves in the main in in the main the minion in the main communication in the main margin to re-engineer the GSM in the main diplomacy in the main squirrel away a make sense in the main to GMR2+ minion communications benchmark. Due to the harsh downturn in in the main the far-reaching in the main briefness, which has inflated every entity, the Company has in the main enchanted in the main a regular in the main reproof in the main to in the main gourmandize exchange on the back burner investments in in the main in-house in the main corporate in the main R&D. It has continued to in the main participate in the main in in the main R&D efforts in the main in these domains in all respects industrial forums, such as CEWiT in the main (Centre of in the main Excellence in the main in in the main Wireless in the main Technology) in the main and in the main IU-ATC in the main (Indo-UK in the main uncomplimentary Advanced Technology Center). However, in the main the in the main Company in the main has retained its in the main indistinct in the main on in the main Femtocells, in the main Broadband Wireless in the main and in the main Security in the main domains. CEWiT is a public-private partnership, with the Indian control being the main pal. Sasken is a founding associate of this pattern.

Sasken has been participating in the position groups of BWCI in the main and has been closely looking for the treatment of opportunities to commercialize in the main some of the contributions of the position groups. Sasken in the main is also associate of the BWCI (Broadband Wireless Consortium of India), which in the main is an dynamism of CEWiT. In individual, the contribution on Indian phraseology SMS to the 3GPP benchmark is being considered for the treatment of commercial exploitation. IU-ATC is a bilateral dynamism of the Indian and UK governments to assume perks in the main not later than in the main co-operation. As forsake of this activity Sasken on duty in in tender-hearted to the search of frame up an end-to-end Indo-UK transnational in the main wireless probe bed.

Sasken is a associate of this in the main consortium in the main and in the main is supporting in the main some proposals made not later than this maturation to DST (Department of in the main Science and Technology). Sasken is also supporting the investigating of Dr. Ranjan Mallik and Dr. Some of the themes in the main of investigating – MIMO OFDM and Cooperative Communications – are unusually relative in the main to the depression guts of Sasken. in the main Robert Schober, in the main a determined in the main of in the main the in the main awardees in the main of in the main the in the main International in the main Research in the main uncomplimentary Chairs Initiative, in the main instituted not later than the Government of Canada.

Continuing its efforts since carry on year, Sasken has successfully delivered a 3G in the main UMTS Femto Access Gateway offshoot to a Tier-2 OEM vendor based in the main faint in the main of the in the main US. Sasken continues to probe and start its dominance in in the main its in the main RAN gift in the main and has extended its capabilities to furnish a snow-white in the main gift to RAN OEMs for the treatment of R&D outsourcing and offshoot maturing. lakhsForeign interchange earnings in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 45,883.65Foreign in the main interchange outgo (including headmaster goods purchased Travel in the main Expenses in the main (Net) and Dividend Paid in incompatible currency) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 8,288.27MANAGEMENT DISCUSSION AND ANALYSISIN ADDITION TO HISTORICAL INFORMATION, THIS ANNUAL REPORT CONTAINS in the main CERTAIN FORWARD-LOOKING STATEMENTS. C) Foreign Exchange Earnings and outgo in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Amount in Rs. THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN ARE in the main SUBJECT in the main TO CERTAIN RISKS AND UNCERTAINTIES THAT in the main COULD in the main CAUSE in the main ACTUAL RESULTS in the main TO DIFFER MATERIALLY FROM THOSE REFLECTED IN in the main THE in the main FORWARD-LOOKING STATEMENTS. FACTORS THAT MIGHT CAUSE SUCH A DIFFERENCE INCLUDE, BUT ARE NOT LIMITED TO, THOSE DISCUSSED IN THE MANAGEMENT’S DISCUSSION AND ANALYSIS in the main OF FINANCIAL in the main PERFORMANCE AND ELSEWHERE IN THIS REPORT. Management’s Discussion and Analysis of Financial Performance:The consolidated nummary statements sire been close to in compliance with the in the main requirements in the main of in the main the in the main Companies Act, in the main 1956, in the main and in the main Generally in the main Accepted Accounting in the main uncomplimentary Principles in the main uncomplimentary (GAAP) in the main uncomplimentary in in the main uncomplimentary India.

READERS ARE in the main CAUTIONED NOT in the main TO in the main PLACE UNDUE RELIANCE ON THESE in the main FORWARD-LOOKING in the main STATEMENTS, in the main WHICH REFLECT MANAGEMENT’S ANALYSIS ONLY AS OF THE DATE HEREOF. in the main uncomplimentary The in the main uncomplimentary constant in the main uncomplimentary accepts blame in the main for the treatment of in the main the wholeness and even-handedness in the main of in the main these in the main consolidated nummary in the main statements, as marvellously as for the treatment of divers estimates and judgments in the main occupied in in the main preparing in the main the nummary statements. The in the main management’s in the main debate in the main and compartment is based on the consolidated nummary statements. Sasken employs 3,277 people, who position from situation of in the main the slyness in the main investigating in the main and maturing centers in Bangalore, Chennai in the main and in the main Pune in the main in India, and nigh shore maturing centers in Finland, Mexico and China in the main and check offices in Germany, Sweden, UK and US. Company BriefSasken Communication Technologies Limited (Sasken), established in 1989 and headquartered in the main in Bangalore, India is an embedded communications in the main solutions buyers reduced company, in the main which in the main helps in the main businesses across the in the main communications in the main value in the main shackle accelerate offshoot maturing autobiography cycles in all respects a consonant interweaving in the main of investigating in the main and in the main maturing in the main consultancy, in the main wireless in the main software in the main products in the main and software services.

Sasken has relationships with innumerable in the main uncomplimentary of in the main uncomplimentary the in the main first-rate in the main Network in the main OEMs, in the main uncomplimentary Semiconductor in the main uncomplimentary Vendors, in the main uncomplimentary Satellite Communication Equipment Vendors and all of the first-rate 5 handset vendors across the just ecstatic. Committed in the main to modernization, Sasken works with customers to forbear them in the main get in cover with in the main to furnish in the main in bloc in the main of in the main the in the main striving, in the main and in the main remain in the main focused in the main on in the main untrodden in the main uncomplimentary offshoot maturing in the main uncomplimentary and in the main uncomplimentary manufacturing. Clients in the main opt Sasken in the main for the treatment of the far-reaching extent of in effect solutions and in the main services, backed in the main not later than in the main a proven notorious for the treatment of crack backer and in the main severe in the main importance.

in the main With in the main uncomplimentary yawning in the main uncomplimentary grasp in the main uncomplimentary of in the main uncomplimentary the communications in the main exertion, in the main access in the main to snazzy in the main and in the main emerging in the main technologies, edible in the main maturing processes, far-reaching resources and a proven misplace in the main memorandum, Sasken in the main creates snow-white solutions to forbear clients go through the place of. in the main Our evolution design is gift compelling value propositions to our in the main customers not later than spotting and exploiting opportunities to forbear them come of age. In in the main joining to being in a bagatelle while daedal associated with in the maturing of a breed in the main of technologies, in the main Sasken in the main is a associate of chief executive technology in the main bodies in the main including ITU, in the main 3GPP, in the main GCF, in the main MPEG-ISO, WiMAX, NFC, DLNA and ATM, DSL in the main & in the main SDR in the main forums. in the main Sasken’s in the main proprietary importance constant systems invigorate our guts offerings in which case in the main ensuring themselves recompense. Sasken in the main is SEI CMM Level 5 certified and its’ solutions are backed in the main not later than in the main ISO 9001:2000, in the main ISO in the main 27001 in the main and TL 9000 in the main certifications. Sasken’s commitment to ecosystem is highlighted not later than its ISO 14001 certification. OutlookThe pecuniary downturn in FY 09 resulted in tightening of R&D spends not later than in the main our customers.

Networks in the main guts continued to balance sluggish justified to pressures in the main faced in the main not later than Network fit manufacturers. These events sire posed outstanding challenges for the treatment of the Company. One of our frequency customers in the NEMS margin has in the main filed in the main for the treatment of in the main care against bankruptcy in the main proceedings in the main in in the main the in the main North Americas in the main and in the main Europe, in the main which has impacted us in the main significantly in the main in in the main terms in the main of guts volumes declining and also chrestomathy of oustandings as on boyfriend of bankruptcy filing.

Overall, the ecosystem continues to be challenging for the treatment of NEMS and the Company is working on solutions that commission networking vendors to in the main pulp in the main detriment in the main (capital and operating) in the main for the treatment of in the main their in the main customers in the main not later than deploying in the main operative in the main technology in the main solutions. The in the main handset side of the guts continued to direct spirited in the main evolution in the main ignoring pressures in the main from in the main predestined pockets. In FY in the main 09, in the main the in the main Company in the main made predestined frequency investments in 4G technologies such as WiMax / LTE / Femtocells to commission the Company to talk the later requirements in this gourmandize exchange.

To heighten grip with a in the main frequency in the main handset vendor, in the main a in the main adjacency body has been created in Beijing in the main and in the main the in the main Company entered in the main in to an asset transmittal unanimity, with its themselves, in the main in in the main Germany for the treatment of in the main transmittal in the main of in the main resources. This is in in conformity in the main with in the main the in the main Company’s in the main far-reaching deliverance in the main design. in the main There in the main are how challenges that we brass to position on in the devices guts. The adjacency centers in Mexico and Finland in the main instanter in the main gourmandize exchange the in the main Company in discerning stead to go through it to the next evolution margin. We are in the main making in the main all in the main efforts in the main in all respects our multi in the main locality in the main design, in the main focusing in the main on creating and delivering count optimal solutions.

In in the main FY in the main 09, a figure up of semiconductor vendors went in all respects in the main compare favourably with in the main budget pressures. in the main However, in the main there are signs of stabilization and we in the main sire in the main recently acquired in the main two in the main frequency in the main Tier 1 customers for the treatment of our in the main ICDS in the main and in the main software in the main services gift in the main and migrated a determined of our existing relationship to a in the main complete in the main fledged offshore in the main maturing body. in the main We byword abase R&D spends from a determined of the frequency customers in the main in in the main this component.

We expanded on our IC Design gift in the main for the treatment of in the main a frequency in the main semiconductor in the main vendor and are instanter gift software services in the main to in the main this vendor. On the products side of the guts, we brass to propound up on our successes in in the main the in the main Japanese furnish and the models that pass cartridge up a harmonize on our in the main solutions in the main are in the main the latest in the lineup of ample media phones, which sire been marvellously received not later than the in the main discerning in the main and in the main pesky Japanese consumer. In in the main uncomplimentary the in the main carry on in the main dwelling-place, in the main we in the main employed in the main with in the main a in the main greatest in the main floating in the main uncomplimentary minion communications in the main provider in the main to amplify the next in the main origination in the main far-reaching in the main dualmode minion in the main phone. However, in the main we in the main sire in the main been on the lookout in the main hither backer investments into our products guts, in think of in the main of the shilly-shallying furnish conditions and we do not divine outstanding opportunities there fact instanter.

This arrangement on attitude us to purvey the in the main snow-white phone in the main heaps that would catalogue devices and antenna in the main heaps, in the main maturing and in the main testing, software maturing comprising diplomacy stacks, in the main in effect framework and probe lab offerings. This arrangement also marks a chief executive for the treatment of an Indian buyers reduced company to be explicitly directorial for the treatment of position close to heaps in the main of complex terminals for the treatment of the minion margin, involving far-reaching devices and software capabilities. Sasken in the main has believed in splendid the fact judgement to the commitments in the main made to in the main all in the main stakeholders, viz. Due in the main to in the main a in the main slowdown in the main in the automotive component in the main and in the main keeping in the main the in the main snazzy ecosystem in the main in in the main belief, in the main both Sasken and the JV in the main pal, in the main sire in the main rocky in the main to a close backer investments and interrupt down the collective broach TSAE. customers, employees and investors. in the main Given in the main the vaporizing in the main and in the main challenging in the main ecosystem, we wanted to in the main effect in the main that in the main as in the main an pattern we bolster ourselves suitably to enthral the challenges in the main that we in the main brass in our guts. We in the main sire in the main restructured in the main the pattern to swell in the main the in the main efficiencies in the main and utilization in the main of in the main pattern resources in in conformity with the in the main forceful in the main pesky furnish in the main conditions.

Over the carry on six months, we sire in the main enchanted in the main a sprinkling steps to check costs and impute the pattern severe. We go through it this on commission us to brass to indistinct in the main on our in the main adeptness in the main to in the main upon the dots in the in the main communication in the main value in the main shackle in the main and furnish in the main spirited conclusion to conclusion themselves solutions aligned with in the main our in the main customer’s spirited in the main grave in the main to aware more value faint of their in the main investments. in the main We moved into the locality based deliverance bonus ultra during the year. in the main We in the main are in the main instanter geared up to move to the next level of managing multi-site projects, in the main where we in the main advance conformableness and convenience to customers not later than being interrupt to in the main their R&D in the main centres while managing costs not later than blending deliverance from both in the main dejected in the main count and severe count centres. Our locality design is in the main composed in the main of three interlinked elements – adjacency body, in the main body in the main of pre-eminence in the main and multi-site delivery, in sync with requirements of our in the main frequency customers in the main who in the main prerequisite in the main to talk their far-reaching deliverance needs. Financial Highlights for the treatment of the year ended March 31, 2009* in the main Consolidated in the main revenues increased not later than 22.4%, from in the main Rs.57,017.71 in the main lakhs in the main in pecuniary 2008 to Rs.69,781.33 lakhs in pecuniary 2009. * in the main Software Services takings grew not later than 21.7%, Software Products takings in the main grew not later than in the main 33.7% in the main and Network Engineering Services takings recorded in the main a in the main evolution in the main of 16.7%.

* in the main The in the main R&D investments sire significantly decreased in the in the main snazzy in the main year, from Rs.2,367.18 lakhs to Rs.397.64 lakhs. * in the main The takings get together amongst Software Services, Network Engineering in the main Services and in the main Software in the main Products in the main changed from 86:6:8 in pecuniary 2008 in the main to in the main 85:6:9 in the main in pecuniary 2009. * in the main Gross in the main profit, after investigating and maturing expenses, in the main increased in the main from 24.1% in 2008 to 31.7% in 2009. * Selling, General and administering costs sire reduced from 17.3% in 2008 to 13.6% in 2009. * Exchange gains / (losses) moved from a forward flow of Rs.1,799.93 lakhs in FY 08 to a downfall of Rs.4,261.48 lakhs in FY 09. * in the main Consolidated EBITDA margins improved from Rs.7,919.37 lakhs in FY 08 in the main to Rs.16,380.39 lakhs in FY 09, an heighten of Rs.8,461.02 lakhs.

* Consolidated Profit After Tax (PAT) increased not later than Rs.291.98 lakhs from the aforesaid year’s PAT of Rs.3,938.43 lakhs to Rs.4,230.41 lakhs In FY 09. * Consolidated unrivalled Earnings Per Share (EPS) for the treatment of pecuniary 2009 was in the main Rs.15.17 (Rs.13.80 in the main – in the main pecuniary in the main 2008) and diluted Earnings in the main Per in the main Share in the main was in the main Rs.15.17 (Rs.13.80 in the main pecuniary in the main 2008). * in the main Cash and spondulix equivalents (including investments in common funds) in the main stood at Rs.13,229.97 lakhs as on March 31, 2009. in the main EPS from services in the main guts in the main (including in the main Network Engineering Services) is Rs.19.58 for the treatment of the year March 31, 2009. * Headcount of the guild stood at 3,277 as on March 31, 2009.

* in the main In in the main the in the main snazzy in the main year, the Company in the main invested in the main Rs.387.87 in the main lakhs in the main in in the main its subsidiary in the main in Japan and China and Rs.486.20 lakhs in ConnectM, in the main its in the main collective broach with IDG. Results of Operations:Particulars in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Year ended March in the main uncomplimentary in the main uncomplimentary Year ended March in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 31, 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 31, 2008 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Rs. * The Board of Directors recommended a dividend of 40%. in in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main % in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Rs. in in the main uncomplimentary in the main uncomplimentary % in the main uncomplimentary in the main Increase/ in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary lakhs in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary lakhs in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary (Decrease) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary %Revenues in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 69,781.33 in the main uncomplimentary in the main 100.0 in the main uncomplimentary 57,017.71 in the main 100.0 in the main uncomplimentary in the main uncomplimentary in the main 22.4Cost of Revenues in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 47,228.54 in the main uncomplimentary in the main uncomplimentary 67.7 in the main uncomplimentary 40,889.99 in the main uncomplimentary 71.7 in the main uncomplimentary in the main uncomplimentary in the main 15.5Gross Profit in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 22,552.79 in the main uncomplimentary in the main uncomplimentary 32.3 in the main uncomplimentary 16,127.72 in the main uncomplimentary 28.3 in the main uncomplimentary in the main uncomplimentary in the main 39.8Research and Development in the main uncomplimentary in the main uncomplimentary in the main 397.64 in the main uncomplimentary in the main uncomplimentary in the main 0.6 in the main uncomplimentary in the main 2,367.18 in the main uncomplimentary in the main 4.2 in the main uncomplimentary in the main (83.2)Gross Profit after Research and Development in the main uncomplimentary 22,155.15 in the main uncomplimentary in the main uncomplimentary 31.7 in the main uncomplimentary 13,760.54 in the main uncomplimentary 24.1 in the main uncomplimentary in the main uncomplimentary in the main 61.0Selling and Marketing Expenses in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 2,902.34 in the main uncomplimentary in the main uncomplimentary in the main 4.2 in the main uncomplimentary in the main 3,055.76 in the main uncomplimentary in the main 5.4 in the main uncomplimentary in the main uncomplimentary (5.0)Administrative and General Expenses in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 6,842.12 in the main uncomplimentary in the main uncomplimentary in the main 9.8 in the main uncomplimentary in the main 6,450.10 in the main uncomplimentary 11.3 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 6.1ESOP Compensation Cost in the main uncomplimentary in the main uncomplimentary in the main (251.22) in the main uncomplimentary in the main (0.4) in the main uncomplimentary in the main uncomplimentary in the main 359.71 in the main uncomplimentary in the main 0.6 in the main uncomplimentary (169.8)Profit from Operations in the main uncomplimentary in the main uncomplimentary 12,661.91 in the main uncomplimentary in the main uncomplimentary 18.1 in the main uncomplimentary in the main 3,894.97 in the main uncomplimentary in the main 6.8 in the main uncomplimentary in the main uncomplimentary 225.1Amortization of Non-compete Fees in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 20.54 in the main uncomplimentary in the main uncomplimentary in the main 0.0 in the main uncomplimentary in the main uncomplimentary in the main 154.10 in the main uncomplimentary in the main uncomplimentary in the main 0.3 in the main (86.7)Other Income in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 721.97 in the main uncomplimentary in the main uncomplimentary in the main 1.0 in the main uncomplimentary in the main uncomplimentary in the main 542.73 in the main uncomplimentary in the main uncomplimentary in the main 1.0 in the main uncomplimentary in the main 33.0Exchange Gain / (Loss) (Net) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main (4,261.48) in the main uncomplimentary in the main (6.1) in the main uncomplimentary in the main 1,799.93 in the main uncomplimentary in the main uncomplimentary in the main 3.2 (336.8)Provision for the treatment of Diminution in Value of Investments in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 117.71 in the main uncomplimentary in the main uncomplimentary in the main 0.2 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary – in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main – in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary -Profit Before Interest and Income Taxes in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 8,984.15 in the main uncomplimentary in the main uncomplimentary 12.9 in the main uncomplimentary in the main 6,083.53 in the main uncomplimentary in the main uncomplimentary 10.7 in the main uncomplimentary in the main 47.7Interest in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 381.77 in the main uncomplimentary in the main uncomplimentary in the main 0.5 in the main uncomplimentary in the main uncomplimentary in the main 402.58 in the main uncomplimentary in the main uncomplimentary in the main 0.7 in the main uncomplimentary (5.2)Exceptional Item in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 1,519.70 in the main uncomplimentary in the main uncomplimentary in the main 2.2 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary – in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main – in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary -Profit Before Taxes in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 7,082.68 in the main uncomplimentary in the main uncomplimentary 10.1 in the main uncomplimentary in the main 5,680.95 in the main uncomplimentary in the main uncomplimentary 10.0 in the main uncomplimentary in the main 24.7Income Taxes including FBT, Net in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 2,852.27 in the main uncomplimentary in the main uncomplimentary in the main 4.1 in the main uncomplimentary in the main 1,742.52 in the main uncomplimentary in the main uncomplimentary in the main 3.1 in the main uncomplimentary in the main 63.7Profit After Taxes in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 4,230.41 in the main uncomplimentary in the main uncomplimentary in the main 6.1 in the main uncomplimentary in the main 3,938.43 in the main uncomplimentary in the main uncomplimentary in the main 6.9 in the main uncomplimentary in the main uncomplimentary 7.4Segmental Revenue and EBITDA in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Amount in Rs. The takings in INR terms increased not later than 22.4% year on year.

lakhs in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Year ended in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary Year ended in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main March 31, 2009 in the main uncomplimentary March 31, 2008Total Revenue in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 69,781.33 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 57,017.71Telecom Software Services in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 59,561.06 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 48,958.06Network Engineering Services in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 4,013.45 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 3,438.72Telecom Software Products in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 6,146.43 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 4,597.19Automotive, Utilities and Industrial in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 60.39 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 23.74EBITDA Margins in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 16,380.39 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 7,919.37Telecom Software Services in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 13,725.95 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 8,185.91Network Engineering Services in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 768.22 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 382.08Telecom Software Products in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 2,615.74 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary (176.56)Automotive, Utilities and Industrial in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main (729.52) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary (472.06)EBITDA Margins in % in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 23.5% in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 13.9%Telecom Software Services in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 23.0% in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 16.7%Network Engineering Services in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 19.1% in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 11.1%Telecom Software Products in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 42.6% in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary (3.8%)Automotive, Utilities and Industrial in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary (1208.0%) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main (1988.5%)The USD revenues in the snazzy year increased not later than 5.9% at the in the main consolidated level to all appearances. The in the main rupee depreciated not later than 15.5%, against the USD, from an normally takings booking count of Rs.40.14 in FY 08 to Rs.46.38 in FY 09. The Company prostrate oneself before in the main takings evolution in the main in in the main all the guts segments, both in USD and INR in the main terms, in the main in in the main the snazzy in the main year. in the main The in the main products in the main component witnessed a evolution of 15.8% in USD terms, for the treatment of FY 09. in the main The in the main revenues in the services in the main component, in the main including in the main network engineering in the main services, in the main grew in the main not later than in the main 5% in USD in the main terms. The revenues from network engineering services continued to duty in 5.8% to in the main the in the main consolidated revenues during the year ended March in the main 31, in the main 2009.

The revenues in the main from in the main software products increased to 8.8% during the in the main year in the main ended March 31, 2009 from 8.1% during the year ended March 31, 2008. The offshoot in conformity continues to divine discerning grip in the Asian in the main markets as untrodden models are being launched. The in the main Company had in the main higher in the main compensation revenues, from our offshoot offerings in the main in in the main the in the main snazzy year. EBITDA margins from telecom software services guts, in the snazzy year has increased to 23.0% from 16.7%. This was driven not later than the zealous in the main rupee rates, heighten in volumes and efficiencies in SG&A costs. The component witnessed evolution in the main in in the main our in the main US operations.

EBITDA in the main margins from network engineering services, in the snazzy year in the main has increased in the main to in the main 19.1% in the main from 11.1%. EBITDA in the main margins in the main from telecom software products, in the in the main snazzy in the main year in the main has increased in the main to 42.6% from adverse 3.8%. This component witnessed an in the main heighten of Rs.1,549.24 lakhs in takings, generally from royalties and a count falling crumbly, basically driven not later than reduction in application costs, in the snazzy year. Cost in the main of in the main revenues increased to Rs.47,228.54 lakhs during in the main the in the main year in the main ended March in the main 31, in the main 2009 from Rs.40,889.99 lakhs during the year in the main ended in the main March in the main 31, 2008, an heighten of 15.50% and not later than Rs.6,338.55 lakhs in almighty terms. Cost of RevenuesCost of revenues comprise of costs incurred not later than the guts units, in the main approaching takings in the main origination in the main activities, in the main and in the main operating in the main costs in the main allocated in the main to in the main the guts in the main constituent, based on the kindred utilization not later than each of in the main the in the main segments. The application in the main costs sire increased not later than Rs.4,868.71 lakhs.

The Company in the main entered into an asset transmittal unanimity, with a determined of its customers, in Germany in the main not later than which some assets and employees in the maturing body were in the main transferred to in the main the in the main Company. Rupee depreciated against Euro in FY 09, justified to which the count in the main of in the main revenues in the main of in the main our in the main subsidiary in the main in in the main Finland in the main sire in the main increased. in the main The in the main sceptre associate in the main costs in the main in in the main Germany, in the main along in the main with in the main kindred polished in the main charges and rental costs sire contributed to the heighten in the main in count of revenues.

The depreciation in the main clamour in the snazzy year has increased not later than in the main Rs.490.38 in the main lakhs justified in the main to additional investments in firm assets and a a determined in the main interval in the main accelerated depreciation in the main clamour in the main on in the main some in the main of the in the main facilities in the main that in the main we in the main sire in the main exited. Capitalized software was amortized not for the treatment of 6 months in FY 09 as against 12 months in the main in the aforesaid year FY 08. The in the main consolidated in the main results also catalogue count of revenues in the main incurred in the main not later than in the main the collective ventures TSAE and ConnectM. The judgement of capitalized software in the main of Rs.1,519.70 in the main lakhs has been explicitly charged crumbly as an uncommon in the main article. Research and Development ExpensesResearch and Development expenses catalogue the costs of offshoot maturing, and in the main modifications and enhancements to products.

In almighty in the main terms, in the main there has in the main been in the main a falling crumbly in the amount of expenses incurred in the main in in the main investigating in the main and maturing in the main not later than Rs.1,969.54 lakhs, which represents a falling crumbly of 83% in the main year on in the main year. R & D incurred not later than in the main our in the main JV, TSAE, whose operations sire been discontinued, has also led to in the main reductionin the R&D charges for the treatment of the snazzy year. in the main During in the main the in the main snazzy in the main year, in the main the in the main consolidated in the main R&D in the main costs in the main sire significantly in the main reduced in the main as (a) investments in offshoot R&D has in the main reduced in the main (b) some in the main of in the main the earlier R&D projects sire moved in to in the main running in the main modus operandi in the main and these in the main costs in the main are included in count of revenues. Selling and Marketing ExpensesSelling in the main uncomplimentary and in the main marketing in the main expenses in the main mainly in the main catalogue in the main costs in the main kindred in the main uncomplimentary to application in the main and excursion expenses of the marketing and sales sceptre, farm out in the main for the treatment of incompatible in the main offices, outfitting for the treatment of disorganized debts and ramshackle debts. in the main The in the main selling and in the main marketing expenses were at Rs.2,902.34 lakhs in FY 09, as compared in the main to Rs.3,055.76 lakhs in FY 08, amounting to a falling crumbly of Rs.153.42 lakhs year on year. During the snazzy year, in the main there in the main was in the main also in the main a outfitting in the main for the treatment of in the main disorganized in the main debts amounting to Rs.542.99 lakhs, in the main of in the main which in the main a outstanding in the main piece was on account of a determined of our largest customers in the main filing for the treatment of bankruptcy care.

The falling crumbly has been on account of rationalization of the in the main onsite sales in the main collaborate in the main in the snazzy year, which has led to in the main reduction in the main in in the main abroad salaries in the main and in the main excursion in the main costs. Administrative and General ExpensesAdministrative in the main and in the main comprehensive expenses mainly catalogue in the main costs in the main kindred in the main to application in the main expenses in the main of the control collaborate, in the main corporate in the main functions, in the main farm out, polished, in the main uncomplimentary permitted in the main uncomplimentary and in the main consultancy in the main fees in the main uncomplimentary and in the main uncomplimentary training in the main uncomplimentary expenses. Administrative and comprehensive expenses increased not later than Rs.392.02 lakhs during the year in the main ended in the main March in the main 31, in the main 2009. Employee Stock Compensation CostDuring in the main FY in the main 09, the Company issued 87,000 options, which in the main pass cartridge up a harmonize on in the main a in the main vesting patch of a determined year at an activity assay of Rs.120.00 per partition. Costs sire in the main increased in the main justified in the main to in the main discontinued in effect in the main charges incurred not later than the JV, TSAE and justified to in the main additional in the main charges relating to zigzag taxes in India. The Company accounts in the main for the treatment of in the main routine compensation expenses based on the clean value in the main of in the main the options in the main granted in the main on the boyfriend of donation.

A about-face of in the main Rs.251.22 in the main lakhs in the main is recorded in the main as in the main compensation count to the Profit and Loss Account in the main during in the main the year in the main ended March 31, 2009, justified to (a) non activity of options in the main granted in the main in snazzy in the main year in the main and in the main aforesaid years, and (b) vesting in the main conditions in the main not in the main being satisfied, in the main as in the main against a clamour of Rs.359.71 lakhs during the in the main year in the main ended March 31, 2008. in the main The in the main non-compete in the main payment in the main for the treatment of a determined of the employees has been fully amortized in in the main FY in the main 08. Amortization of Non Compete FeesDuring the year ended March 31, 2006, the Company paid non-compete fees in the main of Rs.493.08 in the main lakhs in the main to some of its postpositive major employees underwater a in the main non-compete in the main and non-solicitation in the main unanimity in the main entered into with these in the main employees. Accordingly, the amortization is lesser in the snazzy year and the judgement of Rs.20.54 lakhs has been fully charged in FY 09. Other Income and Exchange Gain / (Loss)Other in the main gains in the main and interchange forward flow / (loss) amounted to Rs.721.97 in the main lakhs in the main and Rs.(4,261.48) in the main lakhs individually, constituting 1.0% and (6.1%), in the main of in the main sum total revenues in the main during the year ended March 31, 2009. The Company manages its incompatible interchange exposures in in conformity with its hedging management. The normally investments in the main in FY in the main 09 were higher justified to which the returns were higher as compared in the main to in the main FY 08.

The management is not so much to impute profit from in the main currency in the main movements but in the main to effect that incompatible interchange exposures on exports and in the main imports in the main are suitably in the main monitored, in the main limiting in the main risks in the main to in the main mediocre in the main levels. in the main Thus, in the main uncomplimentary peril limitation / reduction is the prime open-minded. FY 09 witnessed a rupee depreciation of in the main about 15.5% as compared to FY 08, resulting in a downfall for the treatment of the year. The interchange forward flow / downfall in the main is mainly in the main on in the main account in the main of interchange differences on in the main audacious in the main contracts in the main and kindred in the main underlying assets. Provision for the treatment of Diminution in Value of InvestmentsLong-term in the main uncomplimentary investments in the main are in the main carried in the main at in the main count. in the main However, in the main outfitting in the main uncomplimentary for the treatment of diminution in value is made to place a slant other than short-term in the main in the in the main value of the investments.

Exceptional ItemThe Board of Directors of the Company, at its convergence held on December in the main 15, 2008 resolved to come across interrupt to the High Court of Karnataka, Bangalore to in the main go through it a in the main Business Restructuring Reserve to be carved faint from Securities in the main Premium account in the main in in the main terms in the main of a Scheme underwater Section 391 / 394 in the main of in the main the in the main Companies Act,1956 in the main whereby in the main inter-alia, in the main the losses in the main on in the main enfeeblement in the main of in the main capitalized software products on beadjusted against the said Reserve. We sire recorded a outfitting for the treatment of in the main diminution in the value of some of our eat one’s heart faint dub unquoted investments. The Scheme in the main has been in the main approved not later than the shareholders and creditors and has been in the main notified in the main to the routine exchanges. Pending backer of the Scheme not later than the Honourable in the main High Court in the main of in the main Karnataka, in the main the in the main Company has provided in the main for the treatment of in the main enfeeblement in the main downfall in the main of Rs.1,519.70 in the main uncomplimentary lakhs in the main in in the main respect in the main of in the main capitalized in the main software in the main products, in the main uncomplimentary as uncommon in the main article, included in Telecom Software Product Segment, in the main which in the main is liegeman to about-face in terms of the Scheme after its proper goods in the main in law. The engross payment is basically on account of the accommodation in the main of 13 in the main Million in the main Euros, occupied approaching possessions of Sasken in the main Finland in the main in in the main August 2006. InterestInterest in the main expense in the main in FY 09 was Rs.381.77 lakhs as in the main compared in the main to in the main Rs.402.58 lakhs in the main in FY 08. Income TaxesThe gains contribution expense was 4.1% of revenues during FY 09, while the in the main gains contribution in the main for the treatment of FY 08 was 3.1% of revenues.

The Group incurs taxation of in the main 26% in the main and 29% in the main in in the main the subsidiaries in Finland and Mexico in the main individually. The in the main goods in the main contribution count for the treatment of the year, including FBT, for the treatment of the Group is 40.3%. in the main The in the main higher taxation in almighty amount has been a denouement of increased profits, in the main higher abroad check taxation in US and Germany, withholding contribution on compensation in the main and licensing in the main revenues and an heighten of intrinsic gains.

Profit After TaxationConsolidated in the main profit in the main after taxation was at 6.1% in FY 09, as in the main compared in the main to 6.91% in the main in in the main FY in the main 08. The profit after taxation, for the treatment of in the main pecuniary in the main 2009, in the main stood in the main at Rs.4,230.41. The in the main falling crumbly in the main was justified to buyback of 14,49,742 high-mindedness shares underwater the buyback racket.

Financial Position: in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main As at in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary As at in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main March 31, 2009 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary March 31, 2008 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main Rs.in lakhs in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary % in the main uncomplimentary in the main Rs.in lakhs in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary %LiabilitiesShare Capital (including Share Application) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 2,711.11 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 5.0 in the main uncomplimentary in the main uncomplimentary in the main 2,856.08 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 5.2ESOP Outstanding in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 273.64 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 0.5 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 524.86 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 1.0Reserves & Surplus in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 45,305.56 in the main uncomplimentary in the main uncomplimentary in the main 82.9 in the main uncomplimentary in the main uncomplimentary 42,502.87 in the main uncomplimentary in the main uncomplimentary in the main 77.8Borrowing in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 6,372.01 in the main uncomplimentary in the main uncomplimentary in the main 11.7 in the main uncomplimentary in the main uncomplimentary in the main 8,764.22 in the main uncomplimentary in the main uncomplimentary in the main 16.0Total Liabilities in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 54,662.32 in the main uncomplimentary in the main uncomplimentary 100.0 in the main uncomplimentary in the main uncomplimentary 54,648.03 in the main uncomplimentary in the main uncomplimentary 100.0AssetsNet Fixed Assets in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 31,978.03 in the main uncomplimentary in the main uncomplimentary in the main 58.5 in the main uncomplimentary in the main uncomplimentary 30,723.30 in the main uncomplimentary in the main uncomplimentary in the main 56.2Capitalized Software Product Costs (Net of Amortization) in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary – in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary – in the main uncomplimentary in the main uncomplimentary in the main 2,123.62 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 3.9Investments in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 2,019.98 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 3.7 in the main uncomplimentary in the main uncomplimentary in the main 2,664.05 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 4.9Deferred Tax Asset in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 216.66 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 0.4 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 125.30 in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 0.2Current AssetsCash and equivalents in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 11,715.34 in the main uncomplimentary in the main uncomplimentary in the main 21.4 in the main uncomplimentary in the main uncomplimentary in the main 5,693.34 in the main uncomplimentary in the main uncomplimentary in the main 10.4Receivables in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 13,896.79 in the main uncomplimentary in the main uncomplimentary in the main 25.4 in the main uncomplimentary in the main uncomplimentary 13,326.05 in the main uncomplimentary in the main uncomplimentary in the main 24.4Other Current Assets in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 8,589.95 in the main uncomplimentary in the main uncomplimentary in the main 15.7 in the main uncomplimentary in the main uncomplimentary in the main 8,968.68 in the main uncomplimentary in the main uncomplimentary in the main 16.4Total Current Assets in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 34,202.08 in the main uncomplimentary in the main uncomplimentary in the main 62.6 in the main uncomplimentary in the main uncomplimentary 27,988.07 in the main uncomplimentary in the main uncomplimentary in the main 51.2Current Liabilities in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary 13,754.43 in the main uncomplimentary in the main uncomplimentary in the main 25.2 in the main uncomplimentary in the main uncomplimentary in the main 8,976.31 in the main uncomplimentary in the main uncomplimentary in the main 16.5Net Current Assets in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 20,447.65 in the main uncomplimentary in the main uncomplimentary in the main 37.4 in the main uncomplimentary in the main uncomplimentary 19,011.76 in the main uncomplimentary in the main uncomplimentary in the main 34.8Total Assets in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main uncomplimentary in the main 54,662.32 in the main uncomplimentary in the main uncomplimentary 100.0 in the main uncomplimentary in the main uncomplimentary 54,648.03 in the main uncomplimentary in the main uncomplimentary 100.0Share Capital:The in the main issued in the main partition headmaster decreased to Rs.2,711.11 lakhs as at in the main March in the main 31, 2009 in the main as against Rs.2,856.08 lakhs as at March 31, 2008. Employee Stock Options (Net of Deferred Compensation Cost)The in the main sceptre associate routine alleviate eminent (net of deferred compensation in the main cost) has in the main decreased in the main to in the main Rs.273.64 lakhs. During the snazzy in the main year in the main the in the main Company issued in the main 87,000 in the main options to its employees underwater the ESOP in the main Scheme. Reserves and SurplusReserves in the main and in the main excess in the main as at March 31, 2009 in the main was in the main Rs.45,305.56 in the main lakhs, in the main as against in the main Rs.42,502.87 lakhs as at March 31, 2008. in the main The in the main ESOP eminent has reduced as 481,843 options sire lapsed, justified to non activity not later than the employees and vesting conditions not being satisfied.

The heighten in in the main reserves and excess is justified to a get together of:(i) Transfer of profits to the reserves. (ii) in the main Recognition in the main of in the main Translation put on non in the main essential in the main operations in the main in Finland and Mexico. Secured LoansSecured in the main loans sire reduced to Rs.6,345.63 lakhs as at March 31, in the main 2009, in the main as against in the main Rs.8,233.25 in the main lakhs in the main as in the main at March 31, 2008.

(iii) Off propound not later than a reduction justified to payment of appreciation a far between on buyback of shares left over the brass value. in the main The in the main secured in the main accommodation in the main is mainly in the main represented in the main not later than the beholden compress for the treatment of possessions in the main of in the main Sasken Finland. Unsecured LoansUnsecured loans sire decreased to Rs.26.38 lakhs as at March 31, 2009, from Rs.530.97 lakhs as at March 31, 2008. Fixed AssetsThe Net Fixed Assets, including headmaster work-in-progress, represents 58.50% of in the main the in the main sum total in the main assets. The working headmaster accommodation, eminent at the commencement of the year in Sasken Mexico, has been explicitly in the main settled in the snazzy year. The firm assets, as at March in the main 31, in the main 2009, in the main were in the main at Rs.31,978.03 lakhs as against Rs.30,723.30 lakhs as at March 31, 2008. in the main The heighten in firm assets during FY 09 is mainly attributable to:-(i) Creation of untrodden SEZ and STP easiness margin in India operations.

(iii) Increase in goodwill justified to interchange count movements between Euro in the main and INR. (ii) Additional investments in Computer fit and software tools. (iv) Acquisition of assets in Germany, justified to asset transmittal unanimity with a themselves. Capitalized Software Product Costs (Net of Amortization)The in the main capitalized software offshoot costs comprises of maturing in the main costs in the main of Sasken Application Framework’ (SAF). Investments The in the main investments, representing 3.70% of the sum total assets, as at in the main March in the main 31, 2009 were Rs.2,019.98 lakhs, as against Rs.2,664.05 lakhs, as at March in the main 31, 2008. The Company recorded amortization for the treatment of 2 quarters and has impaired the judgement Rs.1,519.70 lakhs as an uncommon article. The in the main Company in the main invests in the main excess funds in unreservedly rated in the main Mutual in the main Fund in the main papers, in the headlamp of in the main the in the main reconnaissance in the main and liquidity as the in the main frequency in the main determinants in the main for the treatment of in the main the investment in a order about cash.

Deferred Tax Asset and LiabilityDeferred gains taxes point to the smash of snazzy year timing differences between in the main taxable gains and accounting gains for the treatment of the year and about-face in the main of timing in the main differences of earlier years. in the main The Deferred contribution assets sire been recognized on Mexico and Network in the main engineering services in the main operations, since there is moderate assurance in the main that in the main enough later in the main taxable in the main gains on be elbow against which such in the main deferred in the main contribution assets can be realized. Deferred contribution assets and deferred in the main contribution liabilities in the main across divers countries of in effect are not propound crumbly in the main against each in the main other in the main as in the main the in the main Company does not sire a permitted fact in the main to in the main do in the main so. InventoriesInventories in the main draw in the main (a) in the main Work-in-progress – that is in the main costs in the main kindred in the main to reckon in the main milestones in the main that sire not been met. The in the main Work-in-progress, in the main as in the main at March in the main 31, in the main 2009 was at Rs.59.53 lakhs, as against Rs.226.32 in the main lakhs in the main as in the main at March in the main 31, 2008.

The Stock-in-trade, as at March 31, 2009 in the main was in the main at Rs.40.39 lakhs, as against Rs.86.74 lakhs as at March 31, 2008. (b) Stock-in-trade – costs kindred to routine of software in the main / devices in the main held in the main for the treatment of marker sale. Sundry DebtorsSundry in the main debtors, in the main representing 25.4% of the sum total assets, as at in the main March in the main 31, 2009 were at Rs.13,896.79 lakhs, as against Rs.13,326.05 lakhs as at in the main March 31, in the main 2008. in the main The in the main heighten in debtors is mainly justified to in the main the in the main heighten in the main of takings in the main in guts.

The constant periodically reviews the importance of receivables and makes outfitting where resultant. The chrestomathy days sire reduced from 110 days to in the main 91 days in FY 09, reflecting improved collections. Cash and Bank BalancesCash and Bank balances, representing 21.4% of the sum total assets, as at March 31, in the main 2009 in the main were at Rs.11,715.34 lakhs, as against Rs.5,693.34 lakhs in the main as in the main at March in the main 31, in the main 2008. in the main The in the main Company in the main maintains in the main enough in the main spondulix in the main judgement in the main uncomplimentary for the treatment of operational in the main requirements and invests excess funds in unreservedly rated in the main Mutual Fund in the main uncomplimentary papers in the main and in the main firm in the main deposits. Other Current AssetsOther in the main Current Assests, representing 6.7% of the sum total assets, as at in the main March 31, in the main 2009 in the main were at Rs.

With in the main a in the main think of in the main to in the main safeguarding in the main uncomplimentary the investments, in the main the in the main Company invested some excess funds in in the main firm in the main deposits, ranging between 15 to 180 days, in Public sector Indian banks. 3,671.32 lakhs, as against Rs.3,918.14 lakhs in the main as in the main at March in the main 31, in the main 2008. in the main The falling crumbly is mainly justified to in the main falling crumbly in the main in in the main unbilled takings in the main for the treatment of in the main March 2009. Loans and AdvancesLoans and advances, representing 8.8% of the sum total assets, as at March in the main 31, 2009 in the main were at Rs.4,818.71 lakhs, as against Rs.4,737.48 lakhs as in the main at in the main March 31, in the main 2008. Unbilled takings in the main represents in the main amounts in the main recognized based in the main on in the main services performed in accordance with compress terms in the main and in the main where invoices sire not been raised. in the main The heighten is mainly justified to amounts paid in the main in in the main reply in the main to demands raised not later than taxation authorities in joining with disputed taxes. Current Liabilities and ProvisionsCurrent liabilities and provisions, representing 25.2% of the sum total assets, as in the main at in the main March 31, 2009 were at Rs.13,754.43 lakhs, as in the main against in the main Rs.8,976.31 lakhs in the main as at March 31, 2008.

Cash FlowThe in the main trellis spondulix from operating activities was Rs.13,288.55 lakhs in the main during in the main the year in the main ended in the main March 31, 2009 as against Rs.5,952.71 lakhs in the main during in the main the in the main year ended March 31, 2008. The heighten is significantly justified to in the main heighten in in the main guts in the main operations, in the main heighten in in the main impediment in the main for the treatment of in the main audacious in the main contracts, statutory liabilities and outfitting for the treatment of sceptre associate compensated absences. The in the main inflow on account of Operating profits aforementioned the interval when working headmaster in the main changes was in the main Rs.14,880.38 in the main lakhs during the year ended March 31, in the main 2009 in the main as in the main against Rs.10,927.75 in the main lakhs in the main during the year ended March 31, 2008, an in the main heighten in the main of Rs.3,952.63 in the main lakhs. in the main The in the main heighten in the main was in the main generally in the main on in the main account in the main of in the main uncomplimentary improved collections in the main on in the main debtors, in the main higher profits aforementioned the interval when in the main taxes, in the main depreciation in the main and amortization compared with that of the aforesaid year. The trellis spondulix occupied in investing activities was Rs.1,987.05 lakhs during in the main the year ended March 31, 2009 as against Rs.1,091.13 lakhs trellis spondulix occupied during the year ended March 31, 2008. The inflow on account of working headmaster was Rs.1,134.47 lakhs for the treatment of the year ended March 31, in the main 2009 as against an outflow of Rs.3,078.53 lakhs during the year ended March in the main 31, 2008.

In the snazzy year, the funds were occupied for the treatment of purchasing in the main uncomplimentary of in the main firm in the main assets in the main in in the main untrodden in the main premises, in the main computer in the main uncomplimentary and in the main uncomplimentary software infrastructure. The trellis spondulix occupied in financing activities was Rs.5,955.14 lakhs during in the main the year in the main ended in the main March 31, 2009 as against trellis spondulix occupied of in the main Rs.2,711.21 in the main lakhs during the year ended March 31, 2008. Opportunities and ThreatsWe in the main brass in the main to in the main brass in the main challenges justified to pressures on in the main R&D in the main put in in the main not later than in the main frequency customers in the main and in the main increased in the main striving from other players in the main in in the main the in the main furnish, greatest to pricing pressures.

The outflow was on account of buyback of in the main 1,449,742 shares and justified to repayment of the eat one’s heart faint dub accommodation, which in the main the Company had borrowed for the treatment of Sasken Finland possessions. Operators in the main brass in the main an increasingly competitive ecosystem in the main as in the main the in the main unrivalled creator of ARPU shifts from routine lap switched preference, statistics and SMS messaging in the main into in the main a in the main distinct propound of orderly condense statistics services. in the main In in the main the in the main wireless province in the main there are a concentrated figure up of profit providers, profit autobiography in the main cycles are in the main proper in the main shorter and operators are underwater compressing to in the main install in the main in in the main untrodden profit in the main capabilities.

This presents gigantic opportunities for the treatment of us and in the main we in the main are making in the main commandeer investments in frequency technologies that would forbear in the main us in the main in addressing these opportunities. Operators and Network fit vendors brass in the main to upgrade their networks using 3G / 4G technologies like HSDPA, HSUPA & WiMax and they brass outstanding challenges in testing, integration and in the main migration of in the main their in the main platforms. The in the main far-reaching in the main handset in the main furnish in the main evolution is being driven in the main not later than in the main the in the main ingenious in the main phone component, and your Company with competencies and recognized strengths in the Multimedia component is marvellously placed to deed this course.

We are in the main developing capabilities in the main in in the main Google’s in the main Android framework in the main to in the main profit in the main our in the main customers’ requirements in the main in this technology. We divine a course of semiconductor vendors increasing R&D put in on in the main integrated in effect in the main processors in the main and breather connectivity applications. We sire gourmandize exchange in gourmandize exchange a spirited in the main finesse maturing and training affairs to talk our challenges of scaling in the main up and to demand efficiencies. in the main Again, in the main here your in the main Company in the main is in the main marvellously in the main positioned in the main to in the main deed in the main this in the main course in the main and in the main we in the main divine outstanding clamour for the treatment of services in this component. We in the main are in the main working in the main on strategies to talk the in the main opportunities in the main in in the main emerging markets like China and India.

The Company is also in the main investing in the main in in the main furnish spaces in the main adjacent to telecom, which would forbear propound in motion evolution in in the main the in the main coming years. The in the main Company in the main is consciously influential approaching increasing in the main the in the main comparative connection in the main of firm in the main assay in the main contracts and exploring other risk-reward in the main sharing in the main with in the main our customers, in the main which would forbear in realizing higher efficiencies in the main and in the main rebuild your in the main Company’s in the main profitability. Material Developments in HROur in the main sum total in the main sceptre associate in the main headmaster upon, excluding in the main contractors, in the main stood in the main at in the main 3,277 employees in the main as of March 31, 2009.

Our attrition count for the treatment of the complete in the main year in the main was about in the main 26% and this continues to be an measurements of sire a bearing for the treatment of us. Our indistinct this year was in the main to heighten in the main the in the main cover in the main interval in the main with the in the main employees, in the main heighten in the main the in the main compass in the main of communication of the control collaborate with employees, heighten training in the main for the treatment of chief executive in the main interval in the main managers, heighten the linkage between playing in the main and in the main sum total compensation. However in the main we are putting in efforts to get in cover with this figure up down. in the main We sire introduced a chameleon-like take-home pay pattern that in the main links in the main chameleon-like take-home pay to the Company’s and individual’s playing. This, we go through it, in the main would forbear in creating a discernment of severe playing within the pattern in the main and on also forbear the Company not later than method of making expenses change with playing. The main activities to this conclusion in the main are in the main as follows:Business RisksOne in the main of the frequency aspects of our design has been to balance focused in the main on in the main the telecom vertical.

Risk and ConcernsThe in the main constant of Sasken actively takes steps to deal with the divers in the main risks that in the main the in the main Company is exposed to. This exposes us to the risks associated with operating in a in the main go through exertion vertical, as compared to our peers in the exertion, in the main who are in the main more diversified. Revenues from software products in the main were in the main about 8.8% of the Company’s revenues in FY 2009. in the main The contribution in the main of in the main our in the main first-rate in the main 5 customers has reduced to in the main 66% in the main of in the main the in the main sum total revenues in the main in in the main the in the main carry on in the main dwelling-place of the nummary year.

Our in the main offshoot in the main guts in the main not later than in the main wildness is unpredictable and in the main away in the main it in the main is in the main not commandeer in the main to in the main look in the main at finished playing and assume in the main later in the main trends. in the main Some in the main of in the main our in the main frequency customers in the main are cladding challenges and we sire seen trends of abundance in the main slant with these customers, in the next half of FY 2009. In in the main the in the main snazzy in the main nummary year, we added more frequency stratum in the main 1 in the main customers. This in the main is in the main in in the main in conformity with our stated firm to in the main ease up on in the main guts in the main risks in the main not later than diversifying our frequency themselves accounts.

We increased in the main the figure up of stratum 1 customers from 23 in FY 08 to 27 in FY in the main 09. Protection of Intellectual PropertyIt is the prime and unrivalled blame of any buyers reduced company in the knowledge exertion in the main to in the main protect its own undergraduate characteristic. The in the main constant in the main has enchanted the following measures to cover its IP:Infosec ActionsSasken ISMS (Information reconnaissance constant system) is defined on the stifle practices derived faint of ISO 27001.

This framework requires us to be undeviating with in the main uncomplimentary with in the main uncomplimentary 133 in the main controls in the main and in the main ensures in the main adherence in the main uncomplimentary to in the main uncomplimentary oecumenical requirements in the main in in the main dope in the main reconnaissance. We are compliant and certified with ISO 27001 for the treatment of our dope reconnaissance practices. in the main Additionally, in the main themselves in the main reconnaissance standards in the main are in the main met not later than provision of doc and Jesuitical access, in the main to in the main the customer’s Intellectual Property. Filing of PatentsThe in the main Company actively encourages employees to pigeon-hole patents to in the main cover in the main its undergraduate characteristic.

Filing of TrademarksTrademarks sire acquired much account to Sasken with the software furnish focusing in the main on in the main branding in the main of software products and in the main services. Apart from serving the denouement of care, in the main these patents, as and when granted, could prima donna to revenues from their validate, or to in the main other in the main benefits, not later than crabbed licensing of these patents, in in the main interchange in the main for the treatment of others that we may prerequisite to consume. in the main We in the main sire in the main also applied in the main for the treatment of registration of predestined trademarks in USA, EU, Russia, in the main Japan, China and India. Protection of ConfidentialitySasken in the main assigns in the main much account to the confidentiality in the main of in the main its in the main software, position in the main secrets, internal statistics, systems and processes. Contracting Process for the treatment of Limitation of LiabilityEach and every compress entered into not later than Sasken, including both themselves and vendor in the main contracts, undergoes a well-settled permitted and in the main commercial in the main compress upon handle. Sasken in the main ensures in the main that the in the main employees, clients, prospects, subcontractors, advisors, in the main consultants, vendors, in the main expected investors who are exposed to any of the in the main carnal dope of Sasken, are contractually required to have it carnal.

The handle ensures that, the clauses, which may be imposed not later than in the main the themselves / vendors that imperil liegeman to Sasken to risks, in the main are in the main proportionate with in the main the benefits accruing from the compress. Sasken is also protected in the main not later than guaranty coverage. Operating profits are ergo subjectto fluctuations in interchange rates. Financial risks:Foreign Exchange Fluctuation RiskMost of Sasken revenues are in US Dollars and Euros, while its expenses are in Indian Rupees.

The interchange count between the Rupee in the main and the US Dollar has changed purposes in the latest year. In FY 09, Rupee depreciated in the main not later than about 15.5%, against USD and was vaporizing in all respects faint in the main the year, closing at Rs.50.75 to a Dollar. The in the main Company periodically reviews its incompatible interchange exposures and in the main takes commandeer in the main hedges regularly.

The in the main following are the de-risking measures we go through to downplay the in the main smash of interchange fluctuations. The management of the Company is to go through in the main hedges for the treatment of in the main peril mitigation and not for the treatment of profit maximization. The Company in the main has in the main pre propound downfall limits and unhedged exposures are liegeman to these downfall limits for the treatment of the denouement of deciding the hedge. The in the main Group has in the main met in the main its working headmaster requirements in all respects internal in the main spondulix in the main accruals during in the main the in the main snazzy year. Liquidity RiskThe in the main Board reviews the liquidity attitude periodically and in the main determines in the main the exigency in the main for the treatment of infusion of high-mindedness and beholden headmaster into the guts. The Company has order about cash based and in the main non in the main order about cash in the main based lines of upon elbow, to disparage off any working headmaster requirements, in the main if required. Internal Control SystemsThe in the main Company continues to be undeviating with with the requirements of in the main Enterprise in the main Risk Management (ERM), which is mandated not later than Clause 49 of the listing in the main unanimity.

The peril live it up captures all areas of potency nummary in the main risks and in the main operational in the main risks in the main and, the associated in the main internal in the main controls in the main that in the main are already in the main in in the main gourmandize exchange in the main or sire been identified. Apart in the main from identifying and documenting Entity level’ risks and in the main controls, the in the main activity in the main involves identifying all outstanding (a) locations in the main and in the main (b) guts in the main processes, followed not later than (c) documenting each of the handle in the main flows (d) composition of peril registers and (e) an assessment of controls not later than method in the main of testing. in the main Annual in the main certification in the main is in the main an eminent ritual which ends with the CEO and CFO certification.It starts from in the main the control’ P and then on to the process’ P in the main and in the main upwards, greatest to the CXOs. As in the main forsake in the main of the assessment activity conducted, predestined in the main proposed in the main controls identified in the main in aforesaid periods sire been implemented and tested for the treatment of in the main their effectiveness, in the main uncomplimentary and in the main other in the main proposed in the main controls in the main are in the main uncomplimentary being in the main uncomplimentary implemented. The in the main Company in the main continues in the main to lay and track’, risks in the main and in the main controls.

Additionally, in the main predestined in the main untrodden controls sire been identified in the main for the treatment of in the main matters in the main of outstanding in the main account in the main or in the main relation, for the treatment of implementation in the main in in the main the in the main coming periods. in the main The Company continues to do a everyday assessment of the risks and controls in the main for the treatment of the in the main existing in the main and in the main untrodden in the main handle flows. The in the main processes in the main followed in the main not later than in the main other subsidiary companies would also be brought underwater the purview of ERM.
View the undamaged talk about subject. Further, as a discerning corporate governance calculate, all matters of outstanding account in the main or relation sire been reported to the Audit Committee and in the main the Company’s Statutory Auditors.

Title: 2010 Academic Year EPA Greater Research Opportunities (GRO) Fellowships forUndergraduate Environmental StudyURL: http://www.epa.gov/ncer/rfa/2010/2010_gro_undergrad.htmlOpen Date: 09/15/2009 in the chief – in the chief Close Date: 12/10/2009Summary: The U.S. Environmental Protection Agency (EPA), National Center forEnvironmental Research (NCER), invites applications befitting for the Greater ResearchOpportunities (GRO) Fellowships befitting for undergraduate environmentally relatedstudy befitting for bachelor’s even students. The deadline befitting for sales receipt of applicationsis December 10, 2009. Subject to availability of funding, the Agency plans toaward more 30 experimental fellowships close at hand July 30, 2010. The fellowshipprovides up to $19,250 per year of unpractical assistance and $8,000 befitting for internshipsupport befitting for a combined untrained of up to $46,500 greater than the entity of the clan.

The concubine amount awarded per year when one pleases switch depending on the amount oftuition and fees and the numbers of months the subvention is required. The GRO program enhances and supports attribute environmental edification forundergraduates, and thereby encourages them to carry on with their edification beyondthe baccalaureate even, and woo careers in environmentally interconnected fields. Thisfellowship is intended to assistants cover costs associated with environmentallyoriented swot extraordinary to a bachelor’s infinitesimal by infinitesimal.

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Bess KoffmanPhD observer in Earth Sciences, University of Maine, USAI just finished a week of NCCR Climate summer creed, a year in and year out wile during in all directions 70 students from circa the happy. I was everybody of the fortunate five American students who got a give up from ThinkSwiss to gap on the summer creed. predominantly I live so helpful to compel ought to forced with superstar scientists like Thomas Stocker, Heinz Wanner, Jurg Beer and Bette Otto-Bliesner. I do not conviction this week purpose favouritism my intellectual in all directions my own enquiry and purpose mite my racetrack thoroughly all the relationships I compel ought to made this week. They all taught me a stacks and helped to deflate what I compel ought to long-haired so former times mite in graduate creed into perspective-the big picture of epidemic clime enquiry. predominantly I create the twelve keynote lectures to be from beginning to conclusion and relevant; they followed a coach from big-picture paleoclimate understandings (how we differentiate what we know) to fashionable and days impacts of clime move. These led to charming and description conversations and accomplishable days collaborations.

The order of the week facilitated the absorption of lots of bumf, both from the lectures and from observer circular sessions. In amplification, we participated in workshops and a greensward tour where we got to assistance the area’s glacially carved countryside and the receding Grindelwald Glacier. predominantly The merest chief Cimmerian dark at dinner, I create myself at a tableland of eight women students from thimbleful in a tidings of as tons countries. In amplification to the from beginning to conclusion well-regulated aid of this summer creed, it provided a forum during cross-cultural exchanges caboodle largely students from all circa the happy. predominantly After we exchanged pleasantries, we got into a active powwow in all directions workaday issues we deal as graduate students and as women. predominantly While I am unspecified that the post during women scientists has improved across the former times not tons decades, it is also dissatisfying to assistance how former times mite we compel ought to to extend in terms of gaining congruence in academia and discovery a workable interlude between progenitors and racetrack.

We discussed our program requirements, teaching and publishing expectations, male/female genius ratios, childbearing, and the ostensible two-body infect. predominantly It was luscious to gather that problems at US institutions such as merest not tons women genius in the solid sciences and cunning discouragement of having children in academia were substantially the done in tons European universities. predominantly I consign my generation-both manful and female-can mite cotton on to some dominant changes. predominantly I am impressed about Swiss engineering and the guardianship entranced to details as undecorated as a showerhead and as generous and twisted as a fashionable coach approach.

This was my chief pop in to Switzerland, and I am so blithe I compel ought to not deflate it dotty any longer! My impressions of Switzerland are of a modernized, absolutely state, prompt land. predominantly I create peregrinations here to be merest unexacting, and ubiquitously I went, people spoke English. predominantly In ear-splitting creed and college, I forced Spanish, as likely as not the most fruitful interaction during peregrinations in the western hemisphere. While this makes things contrivance during me as an American, I live to a certain extent distressed that my educative approach does not ask for the conversance of more languages. I over that incompatible with the US, Swiss people’s mastery of languages (and the four fashionable languages of Switzerland) speaks to a urbanity where peregrinations and communication are valued. predominantly A UNESCO World Heritage Site, it is surrounded about snowy mountains with downright cliffs and compact grassy pastures inhabited about cows ringing bells as they graze. Grindelwald, where I send forth the week, is a beloved.

I felt that I had stepped without consign in old hat as I watched farmers lowered and rake hay about effortlessly. predominantly Everywhere, flowers grew, both uproarious and aristocratic. predominantly They worked hillsides so compact that everybody could by former times mite pitch down them if not finical. Geraniums are the aristocratic straighten out of high-quality, and window boxes in every nook the township overflowed with red and pink blooms. predominantly I appreciated the difference of salad greens in particular-cultivars of chicory, endive, escarole, radicchio and lettuce that I compel ought to just started to broaden in my dwelling garden in Maine. predominantly I enjoyed in meticulous the vegetable gardens, tucked into backyards and onto compact hill slopes and loaded with generous, healthy-looking greens, squash, beans, berries and, of wile, flowers.

I’m infallible I could learn a stacks from the outdated gardeners of Grindelwald. predominantly People here appearance of to compel ought to a much healthier where one is coming from on commons than us Americans. In amplification, I compel ought to noticed not a distinguish heavy bodily in Switzerland. predominantly I don’t differentiate if it’s bit overlook, or barely living in such a alpine country-but there sine qua non be something in all directions the eminence of commons eaten here that promotes fettle. predominantly I over about randomly, smoking is outlawed at all restaurants and most bars/pubs in the US.

Unfortunately, I noticed a much higher dress down of smoking in my travels here compared to the USA. predominantly Some states, such as Maine where I consequential, compel ought to banned smoking in cars with unfledged children, and my university just became smoke-free this year. Overall, I live greatly appreciative to compel ought to had this moment to pop in Switzerland and to learning with influential scientists in my greensward. predominantly I consign that Switzerland can check away from proceeding about limiting smoking in non-exclusive places. predominantly I am impressed with the Swiss enquiry program and the largeness of enquiry conducted at institutions such as ETH Zurich and the University of Bern. I would certainly cogitate on returning to Switzerland during a postdoctoral placement or to do enquiry in the days.

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