Kaashyap Technologies Limited

AUDIT FINANCIAL RESULTS FOR 4TH QUARTER AND YEAR ENDED MARCH 31, 2009

(Rs. in Million)
Sl.No. PARTICULARS Standalone Consolidated
Year Ended Quarter Ended Year Ended
    31/3/2009 31/3/2008 31/3/2009 31/3/2008 31/3/2009
    Audited Audited Audited Audited Audited
1 Income from operations 400.28   584.31 6.06   184.29 400.28
2 Other Income 50.96   0.38 48.51 0.28 54.12
3   Total Income   451.24 584.69   54.57   184.58   454.40
4 Expenditure          
    (a) Consumption - -   -   - -
    (b) Staff cost 406.70   376.58 80.98   114.64 408.68
    (c) Admn. & Other Expenses 54.27   105.05 12.20 48.97 57.11
    (d) Other Expenditure   2.02   5.35 0.32 4.99   2.19
    Total Expenditure   462.99 486.98   93.50   168.59   467.98
5 Profit/(Loss) before Interest, Depreciation & Tax   (11.75) 97.71   (38.93)   15.98   (13.57)
6 Interest   7.72   7.88 3.32 2.55   7.76
7 Profit/(Loss) before Depreciation & Tax (19.47)   89.84   (42.25) 13.44 (21.34)
8 Depreciation   4.61   2.98 1.24 1.43   5.62
9 Profit /(Loss) before Extra-ordinary Item & Tax (24.08)   86.85   (43.50) 12.01 (26.96)
10 Extra-ordinary Items 47.89   - 47.89   - 56.40
11 Profit /(Loss) after Extra-ordinary Item & Tax   (71.97) 86.85   (91.39)   12.01   (83.35)
12 Provision for Tax (Including Fringe Benefit Tax)   0.37   13.70   (1.83) 2.97   0.42
13 Net Profit / (Loss)   (72.34) 73.15   (89.56)   9.04   (83.77)
14 Paid-up equity share capital 445.19   359.10   445.19   359.10 445.19
15 Face value of equity shares   1.00   1.00 1.00 1.00   1.00
16 Reserves excluding revaluation reserves 680.10   748.54   680.10   748.54 667.78
17   Earning per Share          
    Basic (Rs) (0.17)   0.3500   (0.21) 0.04 (0.20)
    Diluted (Rs) (0.17)   0.2800   (0.21) 0.03 (0.20)
18 Public Shareholding          
  - Number of shares   43,92,80,250 35,66,21,892  43,92,80,250  35,66,21,892   43,92,80,250
  - Percentage of shareholding (%)  98.67% 99.31% 98.67% 99.31% 98.67%
19 Promoters and promoter group Shareholding          
  a) Pledged/Encumbered          
  - Number of shares   20,72,699   20,72,699     20,72,699
    - Percentage of shares (as a % of the total 35.04%   35.04%   35.04%
   shareholding of promoter and promoter group) 
  - Percentage of shares (as a % of the total 0.47%   0.47%   0.47%
   share capital of company) 
  b) Non-encumbered      
    - Number of Shares    38,41,959   38,41,959     38,41,959
   - Percentage of shares (as a % of the total 64.96%   64.96%   64.96%
   shareholding of  promoter and promoter group) 
   - Percentage of shares (as a % of the total 0.86%   0.86%   0.86%
   share capital of company) 
1 Income from Operations 584.31 21.20 184.29   12.50
Notes
1 The above audited results have been taken on record by the Board of Directors at their meeting held on 30.06.2009
2 The above results were reviewed by the Audit Committee on June 27, 2009. 
3 Figures are re-grouped wherever necessary.
4 The Extra-ordinary Item of Rs.4.79 Crores shown above is the goodwill amortised due to acquistion of Consulting Division of Logistics Solutions Inc., USA
5 The company acquired Space Hospitals Limited partially by issue of equity shares for Rs 90 million by allotting equity shares of Kaashyap Technologies Ltd. (KTL) to the shareholders of Space Hospitals Ltd and for the balance through cash consideration of Rs 85.00 million with effect from June 30, 2008.
6 The financial results for the year ended March 31, 2009 include the results of the operation of Space Hospitals Limited business for the period July 1, 2008 to March 31, 2009. The financial results for the year ended March 31, 2009 are not comparable to this extent with the previous year
7 Number of Investors Grievances pending at the beginning of the quarter: Nil, received: 5 and disposed off during the quarter: 3 and lying unresolved at the end of the quarter - 2.