2.1.  Share Capital:
 
 Issued, Subscribed and Paid up capital of Rs 11,225.19 Lakhs and there
 is no change in the same during the year.
 
 2.2.  Secured Loans: 2.2.1 Corporation Bank:
 
 a.  Loan of Rs 10,497.59 Lakhs (31.03.2010: Rs 10,999.76 Lakhs) is
 secured by frst charge on pari-passu basis with Indian Bank on land,
 building and Multi Level Car Parking of the Brigade Gateway World Trade
 Center Bangalore, Subramanyanagar, Malleswaram West, Bangalore.
 
 b.  Overdraft loan of Rs 1,154.22 Lakhs as against the facility of Rs
 2,000 Lakhs (31.03.2010: Rs 1,555.90 Lakhs) is secured by on the
 property of Augusta Club and EMG of Hulkul Brigade Centre to the extent
 of 17140 sft situated at No. 82 Lavelle Road, Ward No. 76, Bangalore
 (third party property), owned by director Mr M. R. Jaishankar and his
 family members.  c. Loan of Rs 12,634.24 Lakhs (31.03.2010: Rs
 8,500.27) is secured by EMG / frst charge on the residential buildings,
 viz., B Block (Altair at Brigade Gateway) and J, K, L Blocks at Brigade
 Metropolis, Bangalore.
 
 Above loans have been further secured by the personal guarantee of
 directors Mr M .R. Jaishankar, Mr M. R. Shivram and Mr M. R. Krishna
 Kumar (to the extent of Rs 15,500.00 Lakhs only).
 
 2.2.2 Indian Bank:
 
 Loan of Rs 5,384.47 Lakhs (31.03.2010: Rs 6,127.27 Lakhs) is secured by
 frst charge on pari-passu basis with Corporation Bank on land, building
 and Multi Level Car Parking of the Brigade Gateway World Trade Center
 Bangalore, Subraman- yanagar, Malleswaram West, Bangalore and the
 personal guarantee of directors Mr M. R. Jaishankar and Mr M. R.
 Shivram.
 
 2.2.3. State Bank of India:
 
 Loan of Rs 14,473.88 Lakhs (31.03.2010: Rs 12,623.15 Lakhs) is secured
 by frst charge on pari- passu basis with State Bank of Mysore and State
 Bank of Patiala on land and buildings of the Sheraton Hotel and Orion
 Mall Projects at the Brigade Gateway, Subramanyanagar, Malleswaram
 West, Bangalore and the personal guarantee of directors Mr M. R.
 Jaishankar and Mr M. R. Shivram.
 
 2.2.4 State Bank of Mysore:
 
 Loan of Rs 2,838.37 Lakhs (31.03.2010: Rs 4,043.18 Lakhs) is secured by
 frst charge on pari-passu basis with State Bank of India and State Bank
 of Patiala on land and buildings of the Sheraton Hotel and Orion Mall
 Projects at the Brigade Gateway, Subramanyanagar, Malleswaram West,
 Bangalore and the personal guarantee of directors Mr M. R. Jaishankar
 and Mr M. R. Shivram.
 
 2.2.5 State Bank of Patiala:
 
 Loan of Rs 2,837.48 Lakhs (31.03.2010: Rs 4,043.23 Lakhs) is secured by
 frst charge on pari-passu basis with State Bank of Mysore and State
 Bank of India on land and buildings of the Sheraton Hotel and Orion
 Mall Projects at the Brigade Gateway, Subraman- yanagar, Malleswaram
 West, Bangalore. And the personal guarantee of directors Mr M. R.
 Jaishankar and Mr M. R. Shivram.
 
 2.2.6 ICICI Bank Ltd:
 
 Loan of Rs 575.00 Lakhs (31.03.2010: Rs 704.14 Lakhs) is secured by
 exclusive mortgage on land and building of the Homestead-2 at
 Jayanagar, Bangalore, and the personal guarantee of Mr M. R. Jaishankar
 and Mr M. R. Shivram.
 
 2.2.7 Bank of Baroda:
 
 a) Loan of Rs 2,924.72 Lakhs (31.03.2010: Rs 3,000 Lakhs) is secured by
 equitable mortgage of land and building of the Brigade International
 School @ Whitefeld, Dyavasandra Industrial Area Phase I, K. R. Puram
 Hobli, Bangalore.
 
 b) Loan of Rs 8,995.53 Lakhs (31.03.2010: 5,000 Lakhs) is secured by
 exclusive frst charge of portions owned by the Company at Summit 1 & 2
 and the adjoining 7-level MLCP building including car parking space at
 Brigade Metropolis, Mahadevapura, K. R. Puram Hobli, Bangalore.
 
 2.2.8 Bank of India:
 
 Loan of Rs 1,700 Lakhs (31.03.2010: 500 Lakhs) is secured by Equitable
 Mortgage of land and building of the Brigade International School @
 Gateway Subramanyanagar, Malleswaram West, Bangalore.
 
 2.2.9 Lakshmi Vilas Bank:
 
 a) Loan of Rs 2,094.62 Lakhs (31.03.2010: Rs NIL) is secured by
 equitable mortgage / hypothecation of land and building of MLR
 Convention Centre and Woodrose Club situated at Brigade Millennium at
 Puttenahalli, J. P. Nagar, 7th Phase, Bangalore and Regent Club at
 Doddanekundi Industrial Area, II Phase, Mahadevapura Village, K. R.
 Puram Hobli, Bangalore and the Corporate Guarantee of M/s. Brigade
 Hospitality Services Ltd.
 
 b) Loan of Rs 2,534.40 Lakhs (31.03.2010: NIL) is secured by equitable
 mortgage/ hypothecation of land and building of MLR Convention Centre
 and Woodrose Club situated at Brigade Millennium at Puttenahalli, JP
 Nagar, 7th Phase, Bangalore and Regent Club at Doddanekundi Industrial
 Area, II Phase, Mahadevapura Village K. R. Puram Hobli, Bangalore and
 the Corporate Guarantee of M/s. Brigade Hospitality Services Ltd.
 
 2.2.10 Allahabad Bank:
 
 a) Loan of Rs 3,036.92 Lakhs (31.03.2010: Rs NIL) is secured by
 Assignment of Lease rentals from: Cisco Systems India Pvt. Ltd, Encora
 Technologies Pvt.  Ltd, Quintiles Data Processing Center (India) Pvt.
 Ltd and Quintiles Technologies (India) Pvt. Ltd with
 
 Collateral security of exclusive equitable mortgage of plot of Land
 situated at Sy No. 6/1, 7/1, 6/2, 6/3, 6/4, 7/2, 7/3, 7/4,5 in
 Kurubarakunte Village, Kasaba Hobli, Devanahalli Taluk, Bangalore Rural
 Dist., which is under Joint Development Agreement between Mr M. R.
 Jaishankar and M/s. Brigade Enterprises Limited and the personal
 guarantee of director Mr M. R. Jaishankar.  b) Loan of Rs 6,365.59
 Lakhs (31.03.2010: NIL) is secured by equitable mortgage of land and
 building of Orion Mall Projects at Brigade Gateway, Subra- manyanagar,
 Malleswaram West, Bangalore and the personal guarantee of director Mr
 M. R. Jaishankar.
 
 2.4.  Warranty Costs:
 
 The Company has not recognised warranty cost relating to sale of
 unit/property, since such costs, if any, are covered by a corresponding
 warranty from the Companys contractors/ vendors. This cost, if any, is
 recognised as and when incurred by the Company.
 
 2.5.  Gratuity Plan:
 
 The following table spells out the status of the gratuity plan as
 required under AS-15 (revised).
 
 2.6.  Borrowing Cost
 
 A sum of Rs 1,527.91 Lakhs (previous year Rs NIL) being borrowing cost
 incurred by the company in respect of assets / projects was Capitalised
 during the year. Sum of Rs 1,499.67 Lakhs (previous year Rs NIL) being
 borrowing cost incurred by the company in respect of assets / projects,
 carried forward as stock in trade. A sum of Rs 4422.41 Lakhs (previous
 year Rs 5137.08 Lakhs) being borrowing cost incurred by the company in
 respect of assets / projects, carried forward as capital work in
 progress.
 
 2.7.  Segmental Reporting
 
 The Companys operations predominantly relate to construction and
 development, real estate development, and related activities of
 leasing/rental of units/properties.  Accordingly, real estate
 development represents a single primary segment in the financials of the
 Company and the geographical location of the projects represents the
 secondary segment of reporting.
 
 During the current year, the financials of the Company represent a
 single primary segment (real estate devel- opment). The Revenues from
 Hospitality being a new Primary segment does not exceed 10% of the
 overall revenues of the company. With respect to secondary segment, the
 Company has its projects in India, which makes it a single segment.
 Hence, providing of segmental information is not applicable to the
 Company for the current financial year.
 
 2.8.  Related Party Disclosure:
 
 Related party disclosures, as required by AS-18, Related Party
 Disclosures are given below:
 
 2.8.1 Relationships:
 
 Holding Companies NIL
 
 Subsidiary Companies
 
 Brigade Hospitality Services Ltd
 
 Brigade Tetrarch Pvt. Ltd
 
 Brigade Estates and Projects Pvt. Ltd
 
 Brigade Properties Pvt. Ltd.
 
 Brigade Infrastructure & Power Pvt. Ltd
 
 WTC Trades and Projects Pvt. Ltd
 
 Associated Companies & Joint Venture
 
 Tandem Allied Services Pvt. Ltd
 
 BCV Developers Pvt. Ltd
 
 BCV Estates Pvt. Ltd
 
 Other related parties where common control exists
 
 Mysore Holdings Pvt. Ltd
 
 Brigade Foundation
 
 Mr M. R. Jaishankar (HUF)
 
 Key Managerial Personnel (KMP)
 
 Mr M. R. Jaishankar,
 
 Chairman and Managing Director
 
 Ms Githa Shankar, Executive Director
 
 Relatives of Key Managerial Personnel
 
 Ms Nirupa Shankar (Daughter of KMP)
 Ms Pavitra Shankar (Daughter of KMP)
 Mr M. R. Shivram (Relative of KMP)
 
 2.9.3. The Company has taken various residential / commercial premises
 on cancelable operating leases. These agreements are normally renewed
 on expiry.
 
 2.9.5. Contingent rent recognised in the Profit and Loss Account is Rs
 Nil.
 
 2.12. Joint Ventures: a) BCV Developers Private Limited (BCV
 Developers) In July 2008, the Company and certain Landowners formed a
 Joint Venture Company called BCV Devel- opers in Bangalore. BCV
 Developers envisages the development of an Integrated Township Project
 in Devanahalli, Bangalore. As at March 31, 2011, the Company and the
 Landowners each hold 50% of the equity in BCV Developers.
 
 The Companys proportionate share in assets, liabilities, income and
 expense of the Joint Venture is detailed below.
 
 B) BCV Estates Private Limited (BCV Estates)
 
 In September 2010, the Company and certain Landowners formed a Joint
 Venture Company called BCV Estates in Bangalore. BCV Estates
 envisages the development of an Integrated Township Project in
 Devanahalli, Bangalore. As at March 31, 2011, the Company and the
 Landowners each hold 50% of the equity in BCV Estates.
 
 2.13.  Contingent Liabilities:
 
 Capital Commitments and Contingent liabilities on account of:
 
                                                  (Rupees in Lakhs)
 
 Particulars                          31st March 2011  31st March 2010
 
 Capital Commitments not                    28,959.48        54,123.17
 provided in the books
 
 Towards Letter of Credits and               1,770.55         3,637.20
 Bank Guarantees
 
 Claims from government
 departments not acknowledged                  153.14           164.95
 as debts
 
 Claims from government
 departments not acknowledged                 1056.24          1305.76
 as debts paid under protest
 and under appeal
 
 2.16.  As per the information available with the company, the principal
 amount payable to Micro, Small, and Medium Enterprises falling under
 the provisions of Micro, Small, and Medium Enterprises Development Act,
 2006, Rs 15.70 Lakhs.
 
 2.17.  Balances of Debtors, Creditors and Loans and Advances are
 subject to reconciliation and confirmation.
 
 2.18.  Prior Period income of Rs 1190.73 Lakhs (Previous Year Rs 96.77
 lakhs) is accounted in the books.
 
 2.19.  During the year the Company has made a political contribution of
 Rs 5 Lakhs (Previous Year Rs 20 Lakhs) to Bharatiya Janata Party.
 
 2.20.  Quantitative Details:
 
 The Company is engaged in the business of real estate and property
 development. Such activity cannot be expressed in any generic unit.
 Hence, it is not possible to give the quanti- tative details of sales
 and the information as required under paragraphs 3, 4C, and 4D of part
 II of Schedule VI of the Companies Act, 1956.
 
 CIF Value of imports and payments for the year ended March 31, 2011, is
 Rs 4636.36 Lakhs (Previous year 1064.96 Lakhs).
 
 2.22.  Previous Year Amounts:
 
 The figures of the previous year have been regrouped, reclassified and
 restated wherever necessary.