Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)
Regd. Office : 28, Khan Manzil, Calicut Street, Opposite Fort Market, Fort, Mumbai - 400001
Unaudited Stand Alone Financial Results for the quarter ended June 30, 2010
(Rs in Lacs)
Unaudited Unaudited Audited
Notes :
1.  

Foreign exchange loss includes Rs 32.02 lacs for the three months ended June 30, 2010 representing the exchange differences arising in the three months period on the amount due and paid under the Buyers Credit Facility (Loan in foreign currency from foreign bank).

2.  

Corporate Debt Restructuring ('CDR') cell vide their letter no CDR (JCP) No 563 / 2009-10 dated August 13, 2009 approved a new restructuring package with effect from April 1, 2009, which includes the restructuring of term debts and the induction of strategic investor / change of management. An amount of Rs. 638.00 lacs has been considered as interest for the quarter ended June 30, 2010, the other parameters of the CDR are yet to be adopted.

3.  

The Company on July 06 & 07, 2010, has repaid 25% of the Term loan outstanding amounting to Rs. 15984.55 lacs.

4.  

Information on investors' complaints for the quarter; Opening Balance: Nil, New: Nil, Disposal: Nil, Closing Balance: Nil.

5.  

In pursuance to the order passed by SEBI dated March 3, 2010 relating to change of management , M/s Quadrant Enterprises Private Limited on April 3, 2010 has acquired 32,67,05,000 equity shares amounting to 53.3605% of the issued, subscribed and paid up share capital of the Company from the Company Himachal Futuristic Communications Limited in pursuance to the proposal for change of management as stipulated in the CDR scheme.

6.  

The Company is operating in a single segment viz.providing Unified Telephony Services.

7.  

Previous period/years 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 August 14, 2010.

  
Place :   Mohali 
Dated :   August 14, 2010
By Order of the Board
Quadrant Televentures Limited
(Formerly Known as HFCL Infotel Limited)
  
(Mr. Babu Mohanlal Panchal)
 Director
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