under indian gaap, on behalf of the board of directors, i welcome you all to the annual general meeting of your company. under indian gaap, on a stand alone basis, income for the year ended september 30, 2011 was 2590.10 mn and earnings before depreciation, interest and taxes were 625.91 mn while on a consolidated basis, they were 3941.40 mn and 789.56 mn respectively.

looking ahead –

leveraging our strength:

today, we are a trillion- dollar economy. the liberalization initiated in the early 1990s has sparked unprecedented growth, opportunity and wealth creation. government revenues have doubled in the past 3 years and consumer demands are rising at a rate faster than the economy’s. we are a nation of confident professionals and entrepreneurs. and we are a nation of young people.

at helios and matheson, we have a clear strategy, strong management team, unifying values, good financial foundation and well balanced portfolio of businesses. all of these provide the basis for us to deliver value to you, our shareholders, and to customers, staff and community over the longer term.