The company has only one class of the shares having a par value of Rs, 2/- per shares. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

b. Terms/rights attached to Global Depository Receipt (GDIO

The Global Depository Receipts ("GDRs") represented by this certificate are each issued in respect of 50 equity Shares of par value Rs,2/- each (the "Shares") in Commex Technology Ltd. (formerly known as IT People (India) Limited(the "Company")) pursuant to and subject to a depository agreement dated 18th May 2009, and made between the Company and Deutsche Bank Trust Company Americas depository and/or any other depository which may from time to time be appointed under the agreement (the "Depository") (such agreement, as amended from time to time, being hereinafter referred to as the "Deposit Agreement").

As per records of the company, including its register of shareholders/ members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

1. The Company is engaged in the Information Technology Solutions Services, which cannot be expressed in any generic unit. Hence it is not possible to give quantitative details of sales and certain.

2. Expenditure in Foreign Currency: Nil (Previous Year Nil)

3. In the opinion of the management, Current Assets, Loans and advances and Capital Work In Progress are realizable at the values represented in accounts.

4. During the year, the Company has created provision of Rs. 12,75,087/- towards Corporate Social Responsibility expenditure. The details for incurring CSR expenditure is covered in the Directors report.

5. The balance of Trade Receivables, Trade Payables, Loans & advances, Deposits, etc are subject to confirmation.

6. As per the information available with the Company, there are no small-scale industrial undertakings to whom an amount of Rupees one lakh or more was outstanding for more than 30 days.

7. The company had recorded investments in subsidiaries and other investments which were recorded during the merger of erstwhile Orient Information Technology LLC (merged entity) as provision for diminution in the value of investment which amount to Rs. 2,176.82 Lakh and same has been separately shown in Reserves & surplus. The Company has been following this practice consistently.

8. The company has unpaid VAT Liability of Rs. 1.1 crores shown under statutory liability under other current liabilities as Company has been advised that VAT is not applicable on sale of software.

9. During the previous year, the company intended to declare a dividend in the Board meeting, however, considering the company's growth and financial situation, the board decided not to propose dividend in the previous year. However, the company had inadvertently shown this as proposed dividend in the previous year's financial year. The proposed dividend shown in reserves and surplus has now been reversed.

10. Capital Work-in-Progress is recorded as a result of erstwhile merger with Orient Information Technology LLC FZ. Subsequently, the company has incurred expenses on Research & Development for developing various software required for different segment of industries. The company is in the process of commercially exploiting this software on successful testing of the software this CWIP would be capitalized.

11. Previous Year's figures are regrouped/ restated wherever necessary to confirm with this year's classification.