Q1.

As per the big announcement made in the budget regarding the introduction of the next generation
e-ticketing system, what are the implications (in terms of orders)for CMC based on the history they
have with Indian Railways IT implementation before and if they get the orders per se ,how bullish or
bearish will be the impact on the business environment with respect to CMC?

Q2. As per the news of the proposed merger of BSNL and MTNL, what can be expected to be the impact
on the business environment w.r.t BSNL ?