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NOTE 24 - RE-CLASSIFICATIONS TO CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS
12 Months Ended
Mar. 31, 2012
Reclassifications [Text Block]
NOTE 24 – RE-CLASSIFICATIONS TO CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS

Subsequent to the filing of the Form 10-K for the fiscal year ended March 31, 2011, the Company has re-classified the following figures, in 2011 , to conform to the standards required by the SEC:

1.                Reclassified the non-controlling interest on the face of the consolidated balance sheet and included the same as a part of the total stockholders’ equity.

2.                Added a line on the stockholders’ equity to provide the total equity related to the Parent company or IGC.

3.                The impairment losses on goodwill and investments have been included as a part of the operating income/(loss) in the consolidated statements of income.

4.                Removed the sub-total titled ‘Revenue less cost of revenue (excluding depreciation)’ in the consolidated statements of income.

There are no changes in the Consolidated Statement of Operations with respect to net income/loss attributable to common stock holders and in the case of the Consolidated Balance Sheets, the total liabilities and stockholders’ equity, remains the same.