Trigyn Technologies - Limited Review For The Quarter Ended Mar 31, 2007

Trigyn Technologies Ltd has informed that in the limited review report of the Company for the quarter ended March 31, 2007, the Auditors of the Company have made the following observations:1. As stated in Note 5 of the Statement, investment in two subsidiaries are being carried at its carrying value of Rs 4,793.70 lacs and no further provision for diminution in value of investment is considered necessary by the management. In the Auditors opinion, the extent of the erosion in the net worth of the two subsidiaries is significant. However, the Auditors are unable to comment on the amount of shortfall in the provision for further diminution in the value of the aforesaid investment.2. During the quarter and for the year, there has been a short provision for depreciation amounting to Rs 2.20 lacs and short provision for fringe benefit taxation amounting to Rs 0.29 lacs. As a result of this, the depreciation for the quarter and for the year is lower by 2.20 lacs and provision for fringe benefit taxation for the quarter and for the year is lower by Rs 0.29 lacs, net profit after extraordinary items for the quarter and for the year is higher by Rs 2.49 lacs, basic and diluted earning per share before and after extraordinary item for the quarter is higher by Rs 0.01 and for the year is higher by Rs 0.01.3. Other Expenditure in the Statement includes interest amounting to RS 2.76 lacs for the quarter and Rs 4.60 lacs for the year, which has not been separately disclosed.