The above results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on October 24, 2008. Amalgamation and hive-off in the previous year a. CRISIL Research and Information Services Ltd, Global Data Services of India Ltd, CRISIL Properties Ltd and Irevna Research Services Ltd - wholly owned subsidiaries of CRISIL Ltd have been amalgamated with the Company with effect from April 01, 2007 in terms of the Scheme of Amalgamation sanctioned by the High Court of Judicature at Bombay and High Court of Judicature at Madras vide their orders dated July 27, 2007 and July 9, 2007 respectively. b. Pursuant to the Board and Shareholder approval dated April 27, 2007, the Advisory Division of the Company has been transferred to CRISIL Risk and Infrastructure Solutions Ltd, a wholly owned subsidiary of CRISIL Ltd, with effect from April 1, 2007 with a consequential effect on revenues and profits. Accordingly, the financial results for the quarter ended September 30, 2008 are not comparable with the figures of previous year / quarter / period.