Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)
Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab
Audited Financial Results for the Year Ended 31th March 2006, (Fig in Lacs)
Unaudited Unaudited Unaudited Aaudited Audited Aaudited Audited
Notes :

Pursuant to the revised CDR scheme dated June 24, 2005; and lender's confinnation regarding conversion of Zero percent Optionally Fully Convertible Debenture ('OFCD') including premium accrued till March 31,2006, the Company has transferred OFCDs ofRs 755.12 miliion and OFCDs premium of Rs 119.87 million to advance against Equity Share Application Money, pending approval from SEBI regarding share price for conversion.


During the year, the Company has incurred certain cost for its subsidiary,CBSL amountingto Rs 36 million, out of which Rs.35 million has been converted as contribution towards Advance Against Equity Share Capital of CBSL


For expansion of capacity and rollout of CDMA based wireless networks the Company has decided to replace certain equipments purchased from the original equipment supplier insteadof redeployment. Accordingly,the old assets with a carrying cost ofRs 195.03 million(net of accumulated depreciation of Rs 352.73 million)as on March 31, 2006 have been stated at their net realisable value, based on the assets sold subsequent to balance sheet date. Accordingly, an amountof Rs 179.34 million has been determined as loss on sale/discard of the asset.


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


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


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 June 30,2006.

Place :   New Delhi
Dated :   June 30, 2006
By Order of the Board
Quadrant Televentures Limited
(Formerly Known as HFCL Infotel Limited)
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