Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)
Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab
Unaudited Financial Results for the Quarter and Nine Months Ended 31st December 05 (Fig in Lacs)
Unaudited Unaudited Unaudited Unaudited Audited
Notes :

Out of the total paid up equity share capital comprising of 525,517,152 equity shares of Rs 10/- each, 515,070,338 equity shares are yet to be listed on any of the recognized stock exchanges in India. As a pre-condition to listing the aforesaid shares of the Company on the Bombay Stock Exchange ('BSE'), the BSE has directed the Company to get at least 1.33% of the total share capital diluted from the promoters shareholding by way of Public Offer for sale ('OFS'). The company has filed the draft Offer For Sale document with the Securities and Exchange Board of India (SEBI) on December 23, 2005, thereby offering 80,00,000 (1.52%) shares held by the promoters to the public.


As there is currently no convincing evidence of virtual certainty that the Company would reverse the tax loss carry forwards beyond the tax holiday period, the Company has not recognized any deferred tax assets resulting from the carry forward tax losses. Further, no deferred tax liabilities on account of temporary timing differences have been recognized since they are expected to reverse in the tax holiday period.


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


Administrative and other expenses for the quarter and nine months ended December 31, 2005 include Rs 0.43 Lacs and Rs 3.15 Lacs respectively being prior period expenses net of prior period income. (Prior period Expenditure net of income in the Previous Year - Rs 80.86 Lacs).


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


Previous 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 taken on record by the Board of Directors in their meeting held on January 24, 2006. The same are subject to limited review by the Statutory Auditors of the Company.

Place :   New Delhi 
Dated :   January 24, 2006
By Order of the Board
Quadrant Televentures Limited
(Formerly Known as HFCL Infotel Limited)
Mahendra Nahata
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