The auditors have qualified their report dated June 12, 2007 with respect to the uncertainties related to recoverability of investments (arising out of the slump sale of NBFC business in September 2002) in Investment Trust of India ('ITI') Limited of Rs.717.67 million and the company's ability to arrange for funding for it to be a going concern. The management, though, is confident of arranging the funding as per its business plan and recovering the value of investments in ITI.

Information on investors' complaints for the quarter is as following: Opening balance: Nil, received during the quarter Nil, Disposal: Nil, Closing Balance :Nil.

The company is operating in a single segment viz. providing unified telephony services.

IPrevious period/years' figures have been reclassified, wherever necessary, to make them comparable with those of the current period.

Above results have been reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on June 12, 2007.