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 June 30, 2006 (Fig in Lacs)
Unaudited Unaudited Audited
Notes :
1.  

Out of the total paid up equity share capital comprising of 52, 55, 17,152 equity shares 51, 50, 70,338 equity shares are yet to be listed on any oh the recognized stock exchange in India, pending approval from Bombay Stock Exchange ('BSE').BSE has directed the company to get at lest 1.33 percent of the total share capital diluted from the promoters shareholding by way of Public Offer for sale ('OFS'). The Company has filled the draft OFS document with the Securities and Exchange board of India ('SEBI') on Dec. 23, 2005 for offering 80, 00, 000 shares (1.52 percent) shares held by promoters to public. SEBI approval is still awaited. Further shares amounting to Rs. 8749.90 lacs are to be issued out of the amount lying in "Advance against Equity Share Application Money" pending agreement on issue price.

2.  

During the quarter the Subsidary Company Connect Broadband Services Limited (CBSL) has allotted 35 lacs shares of Rs. 10 each part to the company.

3.  

Depreciation and Amortization for the quarter ended June 30, 2006 include Rs.5.63 lacs being loss on Sold/Discarded Fixed Assets. (Loss on Sold/Discarded Fixed Assets in the corresponding quarter - Rs. 52.20 lacs, Previous Year - Rs 1888.14 lacs).

4.  

There is no accounting treatment required to be given to Statutory Auditor's comments in the report on the accounts for the year ended March 31, 2006.

5.  

Information on the investor's complaints for the quarter is as following: Opening Balance: Nil, New: Three, Disposal: Three, Closing Balance: Nil.

6.  

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

7.  

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

8.  

Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on January31st. 2006. The same are subject to limited review by the Statutory Auditors of the Company.

  
Place :   New Delhi 
Dated :   July 31, 2006
By Order of the Board
Quadrant Televentures Limited
(Formerly Known as HFCL Infotel Limited)
  
Mahendra Nahata
 Chairman
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