There are no materially significant related party transactions between the Company and its promoters, directors or management personnel or their relatives, having any potential conflict with interests of the Company at large. Transactions with related parties are disclosed elsewhere in the Annual Report.

There has not been any non-compliance by the Company and no penalties or strictures imposed by SEBI or Exchanges or any statutory authority on any matter relating to capital markets, during the last three years.

During financial year 2009-10, SEBI had issued a Show Cause Notice to ETC Networks Limited, a Subsidiary of the Company (since merged with the Company from the Appointed Date of March 31, 2010) for transactions between ETC Networks Limited and its erstwhile promoters during January to April 2001. The Whole-time Member of SEBI had disposed off the proceedings under the said Show Cause Notice vide a consent order passed on July 12, 2010.

Last Updated - July 23, 2012