HCL Technologies Ltd

Dear Shareholders,

Your Directors have pleasure in presenting this Eighteenth Annual Report together withthe Audited Accounts for the year ended June 30, 2010.

The highlights of the ficonsolidated nancial results of your Company and itssubsidiaries prepared under Indian GAAP are as follows:

The highlights of financial results of your Company as a stand-alone entity preparedunder Indian GAAP are as follows:

TRANSFERTO RESERVES

Your Company has transferred Rs. 105.66 crores to the General Reserve Account and Rs.295 crores to the Debenture Redemption Reserve Account as at June 30, 2010. An amount ofRs. 2,260.95 crores is proposed to be carried forward in the Profit & Loss Account.

OVERVIEW

During the financial year 2009-10, on a standalone basis, your Company’s revenuesstood at Rs. 5,078.76 crores registering a growth of 8.63% over the previous year and on aconsolidated basis, the Company’s revenues for the year 2009-10 stood at Rs.12,136.29 crores registering a growth of 18.64% over the previous year.

A detailed analysis on the Company’s performance is included in theManagement‘s Discussion and Analysis Report titled as "Management’sDiscussion and Analysis", which forms part of this Annual Report.

DIVIDENDS

Your directors are pleased to recommend a final dividend of Re.1 per equity share forthe financial year ended June 30, 2010, subject to the approval of the shareholders at theensuing Annual General Meeting of the Company. During the year under review, yourdirectors had declared and paid three interim dividends as per the details givenhereunder:

The total amount of dividends (including interim dividends paid) for the year endedJune 30, 2010 shall be Rs. 270.20 crores. Dividend distribution tax paid / payable by theCompany for the year would amount to Rs. 45.40 crores.

SCHEME OF AMALGAMATION

During the year under review, the Board of Directors of the Company, subject torequisite approvals, had approved the Scheme of Amalgamation ("Scheme") undersection 391 to 394 of the Companies Act, 1956 for amalgamation of HCL Technoparks Limited,wholly owned subsidiary of the Company with the Company.

The Company has filed the petition before the Hon’ble High Court of Delhi forapproval of the Scheme of Amalgamation. The Scheme, if approved, shall be effective fromApril 1, 2009.

HCL Technologies Denmark ApS and HCL Technologies Norway AS

In view of the new business prospects of the Company, the Company has set up its stepdown subsidiaries in Denmark viz. HCL Technologies Denmark ApS and in Norway viz. HCLTechnologies Norway AS.

During the year, your Company has also set up its branch office in U.S.A.

EXISTING SUBSIDIARIES-CLOSURE DURING THE YEAR

Your Company had acquired Axon Group Ltd. ("Axon") in 2008-09 which is aleading U.K. based SAP consulting Company. Axon had set up subsidiaries in variouscountries. As a rationalization process, the applications for winding up were filed withthe appropriate authorities for the two dormant entities viz. Aspire Solutions Sdn. Bhd.,a company incorporated in Malaysia and Axon EBT Trustees Limited, a company incorporatedin U.K. as their businesses were integrated with other entities in these countries.

SUBSIDIARIES - FINANCIALS

The Company has 56 subsidiaries as on June 30, 2010. 3 subsidiaries of the Company arenot required to prepare the financials as on June 30, 2010 as they have been incorporatedduring the current year and the first financial year of these companies shall closesubsequent to June 30, 2010.

The Company has been granted exemption under section 212 of the Companies Act, 1956 bythe Ministry of Corporate Affairs from annexing the accounts and other information for itssubsidiaries along with the accounts of the Company for the year ended June 30, 2010. Asper the terms of the exemption letter, a statement containing brief financial details ofthe Company’s subsidiaries for the year ended June 30, 2010 shall form part of theAnnual Report.

As required under the Listing Agreement with the Stock Exchanges, consolidatedfinancial statements of the Company and its subsidiaries are attached.

Issue of shares under Employee Stock Option Plans

During the year ended June 30, 2010, the Company allotted 85,27,212 equity shares ofRs. 2/- each fully paid up under its Employees Stock Option Plans.

Issued and Paid-up Share Capital

As on June 30, 2010, the issued and paid-up share capital of the Company was Rs.135,75,67,624/- (previous year: Rs. 134,05,13,200/-) comprising 67,87,83,812 (previousyear: 67,02,56,600) equity shares of Rs. 2/- each fully paid-up.

SHARES UNDER COMPULSORY DEMATERIALIZATION

The equity shares of your Company are included in the list of specified scrips wheredelivery of shares in dematerialized (demat) form is compulsory effective from July 24,2000, if the same are traded on a stock exchange , which is linked to a depository. As ofJune 30, 2010, 99.93% shares were held in demat form.

DEBENTURES

During the year, the Company has issued rated, secured, taxable, redeemablenon-convertible debenture(s) as per details given hereunder:

A debenture trust deed in favour of IDBI Trusteeship Services Limited for the aforesaidissues has been executed. The Debentures are secured by way of mortgage(s) and/ or chargeson the movable / immovable properties of the Company whether existing / future. The saiddebentures have been listed on Wholesale Debt Segment of the National Stock Exchange ofIndia Limited.

INTERNAL CONTROL SYSTEM

The Company has in place adequate internal control systems commensurate with its sizeand nature of business. These systems provide a reasonable assurance in respect ofproviding financial and operational information, compliance with applicable statutes andsafeguarding of assets of the Company. These systems ensure that transactions are executedin accordance with specified policies and resources are deployed as per the business plansand policies.

The Company has an in-house internal audit division and the head of internal auditfunction reports directly to the Audit Committee to ensure independence of this function.

CORPORATE GOVERNANCE

The report of the Board of Directors of the Company on Corporate Governance is given asa separate section titled ‘Corporate Governance Report 2009-10’, which formspart of this Annual Report.

Certificate of the Statutory Auditors of the Company regarding compliance with theCorporate Governance requirements as stipulated in clause 49 of the Listing Agreement withthe stock exchanges is annexed with the Corporate Governance Report.

MANAGEMENT’S DISCUSSION AND ANALYSIS

The Management’s Discussion and Analysis is given separately and forms part ofthis Annual Report.

INSIDERTRADING REGULATIONS

Based on the requirements under SEBI (Prohibition of Insider Trading) Regulations,1992, as amended from time to time, the Code of Conduct for prevention of insider tradingand the Code for corporate disclosures are in force.

DIRECTORS

In accordance with the Articles of Association of the Company, Mr. SubrotoBhattacharya, Mr. Vineet Nayar and Mr. Amal Ganguli, shall retire by rotation as Directorsat the ensuing Annual General Meeting and being eligible, they have offered themselves forre-appointment.

AUDITORS

The auditors, M/s. S.R. Batliboi & Co. Chartered Accountants, retire at theconclusion of the ensuing Annual General Meeting and they have confirmed their eligibilityand willingness to be re-appointed.

GROUP

As per the intimation received from the Promoter(s), for the purposes of availingexemption from applicability of the provisions of Regulations 10 to 12 of the Securitiesand Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,1997, pursuant to Regulation 3(1) (e)(i) thereof, persons constituting ‘Group’as defined in the (Monopolies and Restrictive Trade Practices Act, 1969) include thefollowing:

Name of the Companies/Trust

HCL Corporation Ltd.

HCL Holdings Pvt. Ltd.

Guddu Investments (Pondi) Pvt. Ltd.

Vama Sundari Investments (Pondi) Pvt. Ltd.

Shiv Nadar Investments (Pondi) Pvt. Ltd.

SSN Investments (Pondi) Pvt. Ltd.

Shiv Nadar Investments (Chennai) Pvt. Ltd.

Shivkiran Investments (Chennai) Pvt. Ltd.

Vamasundari Investments (Delhi) Pvt. Ltd.

SSN Investments (Delhi) Pvt. Ltd.

SSN Trust

Shiv Nadar Foundation

Vamasundari Scholarship Trust

FIXED DEPOSITS

Your Company has not accepted any fixed deposits.

AWARDS AND RECOGNITIONS

As your Company pursues excellence relentlessly, your Company is delighted to receivephenomenal share of recognitions and awards this year, not just from the media, but alsofrom analysts, governing bodies, academic institutions, partners and even customers. Someof the key accolades received during the year include:

• Ranked No. 1 among the top 50 best managed global outsourcing vendors of 2009 byBrown & Wilson’s Black Book of Outsourcing.

• Chosen from among more than 188 corporate entries, your Company won theprestigious ‘Golden Peacock Innovation’ award for its MTaaSTM (a BusinessService Management centric service delivery platform) offering in the IT Sector category.

• Ranked No.1 amongst the 2009 Top Cross-Industry BPO Vendors by the Black Book ofOutsourcing.

• Ranked No.1 in the traditional IT Outsourcing space by Datamonitor’s, BlackBook of Outsourcing 2009-10.

• Ranked No. 1 in the RIMO (Remote Infrastructure Management Outsourcing) spaceand scores highest in 18 significant ITO criteria and 13 significant RIMO criteriasurveyed.

• HCL AXON rated a leader in the Forrester Wave for SAP Implementation Providersmaking it a serious contender across all phases of the SAP implementation life cycle.

QUALITY

Quality policy of your Company is to satisfy the customers by delivering qualityproducts and services that meet their requirements on time, every time.

To operate the quality system in your Company, we have developed a system calledOrganizational Management System ("OMS") which conforms to the ISO 9001:2000standard, CMM Ver1.1 and CMMI version 1.2, IEEE (referenced) for the design anddevelopment of software and hardware products and related services. The OMS is designed toachieve the Company’s quality policy and objectives.

The OMS has been developed to keep in mind the following objectives:

• Standardize engineering and management practices across all level of businessesof the Company.

• To enhance productivity and effectiveness of the Company’s operations andreduce the learning curve.

• Unified approach to our business acquisition and delivery methods.

• Align with other common corporate initiatives like SAP, KROSS, PM Smart etc.

Quality Initiatives taken during the year:

• Six Sigma

• Earned Value Management

• Next Generation OMS

• Beyond CMMI L5

Quality Journey of HCL Technologies Ltd.:

• First company to get assessed for CMMI Level 5 in ‘Investment banking ITservices provider’ group.

• First software company to get certified for AS 9100 in India.

Organizational Management System of your Company is compliant to multiple industry anddomain specific standards. It has also been enhanced for domain standards like TL 9000 andISO 16949 and models like CMMI (Dev) V1.2 L5 and CMMI for services.

EMPLOYEES FIRST

Around five years ago, your Company initiated a unique employees focused program thatplaces the needs of employees before that of customers. Your Company believes thatemployees bring strategic value to an organization and are critical to its success in theglobal marketplace. The future growth and competitiveness of any organization depends morethan ever before on attracting the best talent and engaging and empowering them to achievetheir own, and the organization’s goals. Your Company always believes that happy andpassionate employees offer better value in engagements and directly impact customersatisfaction.

Towards this, your Company practices Employees First – the first of its kind ofarticulation, which is at the core of our efforts to provide our employees a workenvironment and culture that they can take pride in. Employees First is our means ofgetting into the very core of the individual and decoding their individuality anddiversity, unleashing their potential and equipping them with the necessary tools toenhance the value zone.

We believe that the maximum value is created at the employee-customer interface.Therefore we empower our employees to generate delight for our customers, every step ofthe way. The 5 core values of Employees First are Honesty, Transparency, Accountability,Individuality and Collaboration. In order to strengthen these values, many initiativeshave been introduced by your Company. Some key initiatives are:

• Smart Service Desk, where employees can raise SLA-bound tickets on anyinternal service provider, and only employees can close these tickets, if satisfied. Thisbrings in a culture of reverse accountability.

• CEO Connect through U&I, where the CEO is personally available onlineto every employee, tours every location and holds interactive discussions complemented bya fully functional blog. This infuses a culture of transparency and open communicationbetween the CEO and the employee.

• Open 360 Degree Feedback, where employees can rate their managers, eventhe CEO, and the feedback/rating is made public across the organization. This inverts thepyramid and makes the employee a part of the development journey of the manager and alsothe CEO.

• Talent Transformation is designed to build behavior based competencies inindividuals.

• Employees First Academy, comprising three levels: Employees FirstLifestyle, Employees First Leadership, and Harvard Emerging Leader Program, to initiateand nurture effective leaders.

• Directions, an annual event where the CEO and senior management conduct aface-to-face meeting with all employees to discuss the Company’s strategy anddirection. It is a ‘mirror, mirror’ exercise between the employees and seniormanagement.

Employees First, Customers Second: Mr. Vineet Nayar, CEO and Whole-time Director ofthe Company has written a book on his innovative concept of Employees First, CustomersSecond (EFCS). Employees First, Customers Second is a book published by Harvard Press.Admired by many global thought leaders viz. Mr. Tom Peters, Mr. Tony Hsieh, Mr. GaryHamel, Ms. Judy McGrath, Mr. Ram Charan, and Mr. Victor K. Fung.

The Book got rave reviews from Fortune, CIO Insight, Economist, Washington Post, SundayTimes, Hindu, FOX Business, CNBC Europe, Bloomberg Radio Surveillance and many others.

Talent Transformation and Intrapreneurship Development (T2ID)

T2ID in your Company identifies and recognizes the need to groom and develop employeesfor developing the future leaders. T2ID rolls out a series of end to end programs thatwould continuously enhance the value that an employee adds to the Company. In yourCompany, employees are not just one of the assets but THE Assets. The quintessential"Customer is King" has been replaced by "Employees First"; the bottomline being, if the employee is satisfied, happy and skilled, then only will he/she be ableto serve his customer better so that they in turn bring value-add to their clients.

TOP GUN – Next generation Leadership development program— This LeadershipProgram builds the leadership pipeline of the Company by focusing on equipping the nextgeneration of leaders with the Company’s identified leadership competencies in orderto create World Class Leaders.

HCL-HARVARD Emerging Leaders Program— To groom business leaders and preparethem to drive strategic initiatives in a very dynamic business environment, your Companyhas launched Emerging Leaders Program which aims to create a capable and distinctiveleadership culture. This is a 20-week program with the focus on five critical areas ofleadership development.

Employee Passion Indicative Count (EPIC)— EPIC is a self assessment tool whichaims to measure Top 5 Passion Indicators of an employee that drive him to do his day today work. During the year, 25,100 employees participated in the EPIC assessment and foundout their passion drivers.

Good Practices Conferences— Good Practices is an initiative from deliveryexcellence for systematic collation, evaluation, sharing and adoption of good practicesacross the Company. Good Practices Conference 2010 is a platform for individuals/ teams toshare their good practices as well as lessons learnt from failures.

iLearn— iLearn has been launched to seamless online registration and trackingof instructor led training sessions (technical and domain) and quick online feedbackmechanism including collection, compilation and analysis.

HCL Scholar— It is a knowledge enhancement program aimed at providing astructured and robust platform to assess employees of the Company on their understandingabout the Company and their respective areas of operation. It aims at promoting a cultureof continuous learning and capabilities building within the Company.

CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT,TECHNOLOGYABSORPTION, FOREIGN EXCHANGEEARNINGS AND OUTGO

Disclosures of particulars a srequired by the Companies(Disclosure of Particulars inthe Report of Board of Directors) Rules, 1988, are set out in the Annexure 1 included inthis Report.

DIRECTORS’ RESPONSIBILITY STATEMENT

A statement of responsibility of the Directors relating to compliance with thefinancial accounting and reporting requirements in respect of the financial statements, asspecified under section 217(2AA) of the Companies Act, 1956 inserted by the Companies(Amendment) Act, 2000, is annexed as Annexure 2 to this Report.

STOCK OPTIONS PLANS

1999 Stock Option Plan / 2000 Stock Option Plan / 2004 Stock Option Plan

The details on these plans have been annexed as Annexure 3 to this report.

DISCLOSURESUNDERSECTION217OFTHECOMPANIES ACT, 1956

Except, as disclosed elsewhere in the report, there have been no material changes andcommitments, which can affect the financial position of the Company between the end of thefinancial year and the date of this report.

As required under section 217(2A) of the Companies Act, 1956, read with the Companies(Particulars of Employees) Rules, 1975, as amended, the names and other particulars ofemployees are set out in the Annexure 4 included in this Report.

ACKNOWLEDGEMENTS

The Board wishes to place on record its appreciation to the contribution made by theemployees of the Company and its subsidiaries during the year under review. The Companyhas achieved impressive growth through the competence, hard work, solidarity, cooperationand support of employees at all levels. Your Directors thank the customers, clients,vendors and other business associates for their continued support in the Company’sgrowth. The Directors also wish to thank the Government Authorities, FinancialInstitutions and Shareholders for their cooperation and assistance extended to theCompany.

(i) Building Infrastructure:

The Go Green Transformation Initiative launched in 2008 has ensured a transformationaleffect on our universe’s eco footprints. This is a voluntary initiative combined withcorporate action, and targets the reduction of Green House Gas (GHG) emissions and carbonfoot prints.

Your company has engaged a consultant for measuring the carbon foot print consumptionand for LEED certi cation under USGBC LEED :EB:O&M rating system for its campusbuilding. The recommendations are being implemented to achieve the LEED certificationstatus. All buildings under construction are as per green building principles and havebeen optimized for energy performance and occupant comfort. Your Company has also receiveda star rating for our energy efficient buildings by the Bureau of Energy Efficiency.

Our Energy Efficiency drive includes:

• Normal bulbs replaced by CFLs.

• All air conditioners, lights and PCs are shutdown after 18 30 hrs.

• All facilities have an optimum ratio of glass windows to utilize naturaldaylight and proper insulation/ventilation to balance temperature and reduce heat.

• Regular sensitization campaigns:

• HCL celebrated ‘earth hour’ on the 9th September 2009, by switchingoff the lights of all its facilities at 9 pm for 9 minutes.

• State-of-art power utility equipment with high energy efficiency.

(ii) IT Infrastructure:

Your Company has taken various steps to build a Green enterprise internally, as well ashas developed various frameworks that help its customers achieve an ideal Green IT state.Over the past couple of years we have reduced our server footprints owing to a massiveinternal IT optimization and rationalization exercise that dramatically reduced ourDatacenter carbon footprint.

Through our pioneered global remote infrastructure management model, we ensure that ITinfrastructure services are delivered through e-service or remote management, which hasreduced the physical contact and travel of IT engineers.

(iii) Carbon Footprint measurement:

Your Company has formed a Green Council to address the response to Global Warming. Thefirst decision of the council has been to start publishing in the annual Green House Gas(Carbon) emissions reports. The measurement is being done by using Company’sdeveloped Carbon accounting framework, manage Carbon.

(i) Specific areas in which R&D was carried out

Your Company is one of the few Indian companies with significant focus on engineeringservices. The Engineering, Research and development Services group offers end-to-endengineering services and solutions in hardware, embedded, mechanical and software productengineering to industry leaders across aerospace and defence, automotive, consumerelectronics, industrial manufacturing, medical devices, networking and telecom, officeautomation, semiconductor, servers and storage and software products.

Your Company understands the importance of R&D in augmenting its customersbusinesses and is committed to providing these world-class services to them. Over a decadeof operating in complex multi-vendor environments and customer value chains, we have theability to seamlessly integrate into their existing R&D ecosystem, working with otherinnovation partners, captive centers, universities, industry bodies and manufacturingpartners. The group has recently started a business unit with a dedicated team to focus onDefense, Space and Security. It has also developed the Business Aligned Test Framework tospecifically address the industry need for a standard and cost-effective approach totesting and verification activities in hardware, software, mechanical, system safetyassessment, test engineering, prototyping, design assurance and new product realization.

flIn addition, your Company reengineered the ight test system that is being used forcertification and regulatory approvals for Boeing 787. For the Swiss division of globalmedical devices major, your Company was responsible for the complete development of aClass III implantable drug delivery medical device that has recently been launched in themarket.

Your Company foresees a shift towards clients preferring outsourcing companies to sharetheir long-term vision, risks, and rewards in developing product-based ecosystems thatimpact client-experience. Towards this, your Company is investing heavily in developingits own IPs and solutions to help customers’ impact the overall product ecosystemfaster and better. Solutions include a unified communication platform, a remote diagnosticreusable module, telematics and test platforms in multiple verticals.

(ii) Benefits derived as a result of above R&D

Your Company’s solutions and frameworks are focused in creating value to customersin specific microverticals.

The direct benefits to our customers include quicker time to market, reduced cost,increased quality and increased efficiency of customer business processes. Our solutionslike Business Aligned IT will result in enhanced business performance through improvedKPIs, visibility, discovered landscape, stability, cost reduction and structured businessfuture planning.

(iii) Future plan of action

Your Company will continue to focus on R&D activities and will make investmentstherein from time to time.

(iv) Expenditure on R&D for the years ended June 30, 2010 and 2009 are as follows:

(c) Technology absorption, adaptation and innovation

Your Company’s core businesses demand absorption of emerging technologies to stayat the cutting edge of technology. New methods for absorbing, adapting and effectivelydeploying new technologies have been developed.

Your Company has made investments in applications and other software tools required forengineering design work in all its Software Development Centers.

(d) Foreign exchange earnings and outgo

Your Company is an export-oriented unit and the majority of the Information Technology(IT) services and Business Process Outsourcing (BPO) services by the Company are forclients outside India.

Activities relating to exports, initiatives taken to increase the exports, developmentof new exports markets for products and services and export plans—

During the year, a substantial portion of the revenue of the Company was derived fromthe exports. During the year, your company has set up subsidiaries in Denmark and Norwayto enhance its business. The various global offices of the Company are staffed with salesand marketing specialists, who promote and sell services to large international clients.

The foreign exchange earned and spent by the Company during the year under review is asfollows:

i) The financial statements have been prepared in accordance with the accountingstandards issued by the Institute of Chartered Accountants of India and the requirementsof the Companies Act, 1956, to the extent applicable to the Company. There have been nomaterial departures from prescribed accounting standards while preparing these financialstatements;

ii) The Board of Directors has selected the accounting policies described in the notesto the accounts, which have been consistently applied, except where otherwise stated. Theestimates and judgments relating to the financial statements have been made on a prudentbasis, in order that the financial statements refl ect in a true and fair manner, thestate of affairs of the Company as at June 30, 2010 and the profit of the Company for theyear ended on that date; iii) The Board of Directors has taken proper and sufficient carefor the maintenance of adequate accounting records in accordance with the provisions ofthe Companies Act, 1956 for safeguarding the assets of the Company and for preventing anddetecting fraud and other irregularities;

iv) The annual accounts have been prepared on the historical cost convention, as agoing concern and on the accrual basis.

1999 Stock Option Plan / 2000 Stock Option Plan / 2004 Stock Option Plan

Pursuant to the approval of the shareholders, your Company had instituted the 1999Stock Option Plan ("1999 Plan"), 2000 Stock Options Plan ("2000 Plan")and 2004 Stock Option Plan ("2004 Plan") for all eligible employees of theCompany and its subsidiaries. The 1999 Plan, 2000 Plan and 2004 Plan are administered bythe Compensation Committee of the Board and provide for the issuance of 20,000,000;15,000,000 and 20,000,000 options, respectively.

Each option granted under the 1999 Plan, 2000 Plan and 2004 Plan, entitles the holderto four equity shares of the Company at an exercise price, which is approved by theCompensation Committee.

The details of the options granted under the 1999 , 2000 and 2004 Plans are givenbelow:

HCL TECHNOLOGIES LIMITED EMPLOYEES TRUST

In April 2001, HCL Technologies Limited Employees Trust ("Trust") was formedfor the purpose of acquiring the shares of the Company and thereby providing such sharesto the eligible employees and directors of the Company and/or its subsidiaries at any timepursuant to the Stock Option Plans of the Company. The Company would provide this Trustinterest free loan(s) from time to time up to a limit of Rs.150 crores for this purpose.

As on June 30, 2010, an amount of Rs. 6.52 crores is outstanding as loan from theCompany and Nil shares of the Company are held by the trust. The Company has madeprovision of Rs. 6.52 crores against the same.

Details of Stock Option Plans for the year ended June 30, 2010

Pre IPO Details of Stock Option Plan

Employee Compensation Cost based on fair value of the options

Details of options granted to Senior Managerial Personnel of the Company during theyear ended June 30, 2010

Details of options granted to employees amounting to 5% or more of the optionsgranted during the year ended June 30, 2010

None

Details of options granted to employees during the year ended June 30, 2010, amountingto 1% or more of the issued capital of the company at the time of the grant

None

INFORMATION FOR DIRECTOR'S REPORT U/S 217(2A) OF THE COMPANIES ACT, 1956 A. EMPLOYEDFOR FULL FINANCIAL YEAR - 2009-10

A. EMPLOYED FOR FULL FINANCIAL YEAR - 2009-10

A. EMPLOYED FOR FULL FINANCIAL YEAR - 2009-10

A. EMPLOYED FOR FULL FINANCIAL YEAR - 2009-10

B. EMPLOYED FOR PART OF THE FINANCIAL YEAR - 2009-10

B. EMPLOYED FOR PART OF THE FINANCIAL YEAR - 2009-10

B. EMPLOYED FOR PART OF THE FINANCIAL YEAR - 2009-10

B. EMPLOYED FOR PART OF THE FINANCIAL YEAR - 2009-10

Notes:

1. None of the employees listed above is a relative of any director of the Company.

2. The nature of employment is contractual in all the above cases.

3. None of the employee listed above owns 2% or more of the paid-up equity sharecapital of the Company.