41.79

1. The above results have been reviewed by the Audit Committee and were approved by the Board of Directors at its meeting held on 24th October,2009 and have been subjected to limited review by the statutory auditors.
2. The Company is operating only in Hospitality Services Segment.
3. The Financial results of the quarter and Half year ended on 30th September, 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 in F.Y. 2008-09 to account the exchange differences arising on reporting of long term foreign currency monetary items as per Government Notification dated 31st March, 2009 on Accounting Standard 11(AS-11). The quarter resulted into a foreign exchange loss of Rs. 32.01 lakhs which has been added to the cost of related depreciable assets and adjusted to Foreign Currency Monetary Items Translation Difference Account (FCMITD Account). The Company has amortized Rs. 3.18 lakhs in the quarter ended 30th September, 2009 included in other expenditure and balance unamortized amount of Rs. 15.91 lakhs in the “FCMITD Account” has been carried forward as per Notification. Exceptional item in the quarter ended 30th September 2008 was in respect of foreign exchange fluctuation loss which was subsequently reversed in the quarter ended 31st March, 2009 in accordance with Government Notification referred to above.
5. There were no unresolved investors’ complaints at the beginning of the quarter. Further, during the quarter ended 30th September, 2009, the Company received 10 investor complaints. All the complaints have been suitably disposed off and no unresolved complaint is pending as on 30th September, 2009.
6. Previous quarter and financial year figures have been regrouped / rearranged, wherever necessary.