Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)
Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab
Unaudited Financial Results for the quarter ended 30th June 2004 (Fig in Lacs)
Unaudited Unaudited Audited
Notes :

In accordance with the Debt Restructuring (CDR) proposal of the company cleared by the CDR Empowerment Group, the company has received approval letters from all the banks/financial institutions. Company has taken effective steps for compliance of terms and conditions of CDR scheme.


As directed by RBI vide letter dated May 24, 2004, the company is in the process of amending the Memorandum and Articles of Association of the company under sections 17 and 31 respectively of the Companies Act by obtaining approval of the members through postal ballot for the following purposes: - (a) Deletion of all the objects relating to Non Banking Finance Company (NBFC) business from the Memorandum of Association of the company (b) Insertion of Clause 79A in the Articles of Association pertaining to the conduct of postal ballot. The last date for receipt of duly filled in and completed postal ballot forms is July 30, 2004. "


The company has incorporated a wholly owned subsidiary Company under the name of "Connect Broadband Services Ltd" (CBSL) with effect from July 2, 2004.


Information on Investors Complaints for the quarter are as under: Opening Balance : Nil, New : 6, Disposals 6, Closing Balance: Nil


The results for the quarter ended June 30, 2004 are subject to Limited Review by the Statutory Auditors.


The Company is engaged in only one segment of telecom business and hence segment reporting is not applicable


Figures of the previous period have been regrouped/rearranged wherever considered necessary.


The above results have been considered and reviewed by the Audit Committee and taken on record by the Board at its meeting held on July 26, 2004

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