518.37

566.09

2,733.05

1,378.59

1,378.59

1,378.59

1,378.59

1. The above results have been extracted from the audited accounts for the year ended 31st March, 2009 and reviewed by the Audit Committee and were approved by the Board of Directors at its meeting held on 30th May, 2009.
   
   
2. The Company is operating only in Hospitality Services Segment.
   
   
3. The Financial results of the quarter and year ended 31st March, 2009 were adversely affected due to general downturn of the economy and terror attack on 26th November, 2008 in Mumbai.
   
   
4. The Company has opted for accounting the exchange differences arising on reporting of long term foreign currency monetary items in line with Companies (Accounting Standards) Amendment Rules 2009 on Accounting Standard11(AS-11) notified by the Government of India on 31st March, 2009. Accordingly the effect of exchange differences on foreign currency loans is accounted by addition or deduction to the cost of the assets so far it relates to depreciable capital assets and in other cases by transfer to “Foreign Currency Monetary Items Translation Difference Account” {“FCMITD Account”} to be amortized as provided in the aforesaid Notification. Exchange difference of Rs. 202.58 lakhs recognized in the Profit and Loss Account in the previous year ended 31st March, 2008 relating to said long term liabilities in foreign currency has been adjusted against opening general reserves as provided in the aforesaid Notification. The Company has reversed such foreign exchange revaluation loss of Rs. 1,448.44 lakhs, which was charged to Profit and Loss Account during the first three quarters of financial year 2008-09 as an exceptional item. As a result of this change, profit before exceptional items for the quarter and year ended 31st March, 2009 is higher by Rs.1838.12 lakhs and Rs. 57.49 lakhs respectively with corresponding increase in carrying cost of concerned depreciable assets and “FCMITD Account”.  The Company has amortized Rs. 17.89 lakhs in the quarter ended 31st March, 2009 and balance unamortized amount of Rs. 35.78 lakhs in the “FCMITD Account”” has been carried forward to be amortized in subsequent periods as per the Notification.
   
   
5. Extra Ordinary items for the Year ended 31st March, 2009 represent Luxury Tax refund of Rs. 171. 71 lakhs for the year 2004-05 as a result of Government Notification dated 18th November 2008 which was paid by the Company and charged to revenue in the previous year.
   
   
6. The Board of Directors has recommended a dividend of Rs. 1.20 per equity share of Rs.10/- each, for the year 2008-09 in its meeting held on 30th May,2009.
   
   
7. There were no unresolved investors complaints at the beginning of the quarter. Further, during the quarter ended  31st March, 2009,  the company received 6 investor complaints. All the complaints have been suitably disposed off and no unresolved complaint is pending as on 31st March , 2009.
   
   
8. Subsidiaries: (a) Concept Hospitality Limited ceased to be subsidiary of the Company with effect from 14th March, 2009 on disposal of the entire shareholding of the Company in the said company; and (b) B W Highway Star Private Limited became a subsidiary of the Company after 31st March, 2009.
   
   
9. Previous quarter and Financial year figures have been regrouped/rearranged, wherever necessary.
   
   
   

   	For and on behalf of the Board Kamat Hotels (India) Limited
   Place: Mumbai Date: 30th May, 2009	Vithal V. Kamat (Executive Chairman & Managing Director)