UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER, 2005
(Rs.In Lacs)
Sr. Particulars Quarter  Quarter  Half Year Half Year Year Ended
No.   Ended Ended Ended Ended  
    30-09-2005 30-09-2004 30-09-2005 30-09-2004 31-03-2005
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
             
1 Income From Operations 82.69 151.22 205.45 295.95 590.75
2 Other Income 12.22 7.29 18.06 18.14 34.56
3 Total Expenditure          
     (A) (Increase)/Decrease in Stock (46.70) (1.14) (64.50) 18.57 32.24
     (B) Contract Charges 37.75 33.75 66.46 64.44 135.14
     (C) Software Charges 31.65 40.84 80.20 81.02 151.27
     (D) Staff Cost 5.48 10.36 19.54 19.94 45.49
     (E) Other Expenditure 28.92 28.68 59.46 54.63 124.03
4 Interest 0.00 0.00 0.00 0.00 0.00
5 Depreciation & other w/off 11.71 14.30 20.28 27.99 32.36
6 Profit Before Tax              26.10              31.72              42.07          47.50         104.78
7 Provision For Taxation*          
  - Current 0.00 0.00 0.00 0.00 3.00
  - Deferred 0.00 0.00 0.00 0.00 8.93
8 Net Profit After Tax              26.10 31.72 42.07 47.50 92.85
9 Paid up Equity Share Capital 512.17 512.17 512.17 512.17 512.17
  (Face Value per Share in Rs.) 10.00 10.00 10.00 10.00 10.00
10 Reserves Excluding Revaluation          
  Reserves          600.77
11 Basic EPS for the Period 0.51 0.62 0.82 0.93 1.81
  Diluted EPS for the Period   0.00     1.80
12 Segment Capital Employed 1155.06 1094.61 1155.06 1094.61 1112.94
13 Aggregate of non-promoter          
  share holding          
  (a) No. of Shares 2433901.00 2385001.00 2433901.00 2385001.00 2389401.00
  (b) Percentage of shareholding 47.52% 46.57% 47.52% 46.57% 46.65%
Notes : 
(1) The above results were reviewed by the Audit Committee and thereafter the same were approved and 
       taken on record at the meeting of the Board of  Directors held on October 27, 2005
(2) The above figures have been regrouped, rearranged wherever necessary.
(3) The Company's operations fall under single segment namely " Computer Software and Services Exports".
(4)  There were no investor complaints pending on 01/07/2005 & 1 complaint was received during the 
      Quarter ended 30th September,2005 which was duly attended to.
(5) The statutory Auditors of the company have carried out a Limited Review of the  Accounts for the Quarter  
     ended on 30th September, 2005
*     Provision for tax,if any,shall be made at the year end.
Place : Rajkot For and on behalf of the Board
Date   : 27-10-2005
Vikram B.Sanghani
Jt.Managing Director