1.  Estimated amounts of contracts remaining to be executed on capital
 account and not provided for (net of advances) are Rs 151.31 Lacs
 (Previous year Rs 150.00 Lacs).
 
 2.  Contingent liabilities in respect of :
 
 a) Corporate Undertaking of Rs 1,435.00 Lacs (Previous year Rs 1,435.00
 Lacs) for Securitization transactions.
 
 b) Claims against the Company not acknowledged as debts Rs 5.93 Lacs
 (Previous YearRs 8.38 Lacs).
 
 c) The Company has received a demand of Rs 1,145.56 Lacs, Rs 1,122.06Lacs
 (including interest of Rs 88.99Lacs), Rs 347.76Lacs (including interest
 of Rs 20.39 Lacs), Rs 2,217.31 Lacs (including interest of Rs 721.90
 Lacs), Rs 3,571.94 (including interest of Rs 667.94 Lacs), Rs 2,385.58
 Lacs (including interest of Rs 138.71 Lacs) and Rs 1,503.40 Lacs
 (including interest of Rs 633.94 Lacs) on completion of income tax
 assessment for the assessment year 2001-02, 2002-03, 2003-04, 2004-05,
 2005-06, 2006-07 and 2007-08 respectively. The said amounts are
 disputed and the Company has preferred an appeal against the same. The
 amounts for the respective years have been paid to the credit of the
 Central Govt. under protest.
 
 3.  (i) Retail / Project Loans are secured, wholly or partly, by any or
 all of the following as applicable, based on their categorisation :
 
 a) Equitable / Registered Mortgage of Property.
 
 b) Assignment of Life Insurance Policies, NSC, KVP FD of Nationalized
 Bank.
 
 c) Assignment of Lease Rent Receivables.
 
 d) Company guarantees or personal guarantees.
 
 e) Negative lien.
 
 f) Undertaking to create a security.
 
 (ii) Loans to employees other than for Housing are secured by lien over
 Provident Fund balances and / or Hypothecation of Vehicles.
 
 4.  During the year, pursuant to the NHB Circulars dated August 5, 2011
 and January 19, 2012 on provisioning norms, the Company had undertaken
 review of its provisioning policy on loans and inter-alia reassessed
 the identification, classification & provisioning on the loans for the
 current financial year. Based on this, the Company has aligned its
 provisioning policy with the extant guidelines and resultantly reversed
 excess provision over the NHB norms. Had the provisioning policy of the
 preceding year been continued, the profit before tax for the year ended
 March 31, 2012 would have been lower by Rs 11,704.33 Lacs.
 
 5.  Housing Loans include loans amounting to Rs 2,246.22 Lacs (Previous
 year Rs 939.49 Lacs) against which the company has taken possession of
 the properties under Securitisation and Reconstruction of Financial
 Assets and Enforcement of Security Interest Act, 2002 and held such
 properties for disposal. Of this, fair value of the assets possessed,
 against the loans of Rs 5.48 Lacs (Previous year Rs 114.27 Lacs), is not
 available as at March 31, 2012. The balance loans amounting to Rs
 2,240.73 Lacs (Previous year Rs 825.21 Lacs), have fair value of Rs
 2,080.89 Lacs (Previous year Rs 781.01 Lacs), being lower of the fair
 value of the asset possessed and the outstanding due under the loans as
 at March 31, 2012.
 
 6.  Provision for contingencies includes:
 
 a) Provision for untapped corporate undertaking given for
 securitization of housing loans. The outflows in respect of untapped
 corporate undertaking would arise in the event of a shortfall, if any,
 in the cash flows of the pool of the securitized receivables.
 
 b) Provision for probable loss on account of bank reconciliation
 differences.
 
 7.  Pursuant to the shareholder''s approval in the Extraordinary General
 Meeting held on March 5, 2012 the Company had allotted 30,000,000
 equity shares of face value of Rs 2/- each at a premium of Rs 268/- per
 share aggregating to Rs 81,000/- Lacs to Life Insurance Corporation of
 India, promoter of the Company on a Preferential basis under lock-in
 period of three years, The said issue was made under chapter VIII of
 the Securities and Exchange Board of India (Issue of Capital &
 Disclosure Requirements) Regulations, 2009 as amended.
 
 * For disbursement of housing loans to the individuals for construction
 / purchase of flat / house as per the norms of the Company, the funds
 so raised has also improved financial position, capital adequacy and
 net-worth etc.
 
 8.  Fixed Deposits with Banks include Rs 4,296.24 Lacs (Previous Year Rs
 1,620.99 Lacs) kept with designated banks for repayment to Public
 Deposit Holders. The Company has beneficial interest on the income
 earned from these deposits.
 
 9.  Miscellaneous income includes Rs 30.57 Lacs (Previous Year Rs 47.96
 Lacs) being management fee from Kotak India Real Estate Venture Fund, ''
 3.04 Lacs (Previous Year Rs 2.97 Lacs) being interest income on staff
 loans/advances, Rs 537.77 Lacs (Previous Year Rs 606.08 Lacs) being gain
 on unwinding of Interest rate swap, Rs 93.80 Lacs (Previous Year Rs 75.89
 Lacs) being old outstanding and unclaimed amounts written back, Rs Nil
 (Previous Year Rs 155.00 Lacs) being Investment written off realized.
 
 10.  Temporary Book Overdraft of Rs 131,991.56 Lacs (Previous Year Rs
 109,258.92 Lacs) represents cheques issued towards disbursements to
 borrowers for Rs 130,749.10 Lacs (Previous Year Rs 108,182.65 Lacs) and
 cheques issued for payment of expenses of Rs1,242.47 Lacs (Previous Year
 Rs 1,076.27 Lacs), but not encashed as at March 31, 2012.
 
 * includes 7,250 equity shares (previous year 1,450 equity shares) held
 by the custodian, which is the registered shareholder for all the
 owners of Company''s GDR.
 
 11.  The Company had requested its suppliers to confirm the status as
 to whether they are covered under the Micro, Small and Medium
 Enterprises Development Act, 2006. The disclosure relating to unpaid
 amount as at the year end together with interest paid / payable as
 required under the said Act have been given to the extent such parties
 could be identified on the basis of the information available with the
 company regarding the status of suppliers under MSMED Act, 2006.
 
 12.  Derivative Instruments:
 
 a) I nterest Rate SWAP for hedging underlying liability aggregate to Rs
 134,600.00 Lacs (Previous year Rs 114,600.00 Lacs).
 
 b) For underlying liability of Rs 65,000.00 Lacs (Previous year Rs 
 65,000.00 Lacs), Coupon Swap has been entered into which remains
 unhedged in respect of movement in respective currencies affecting the
 coupon amount.
 
 c) The Company as on March 31, 2012 had outstanding interest rate and
 coupon swaps covering the underlying liability aggregating to Rs
 199,600.00 Lacs (Previous year Rs 179,600.00 Lacs). The fair value of
 all such Swaps as at March 31,2012 was unfavorable to the extent of Rs
 24,130.27 Lacs (Previous year Rs 19,136.00 Lacs).
 
 Gratuity Premium is paid to LIC of India under Gratuity Scheme of LIC.
 
 The Company''s best estimate of contributions expected to be paid to the
 plan during the annual period beginning after March 31, 2012 is Rs
 106.17 Lacs (Previous Year Rs 126.30 Lacs).
 
 13. Segment Reporting:
 
 The Company is engaged in the business of providing loans for purchase,
 construction, repairs and renovation. etc.  of houses to Individuals,
 Corporate Bodies, Builders and Co-operative Housing Societies and has
 its operations within India. Accordingly, there are no separate
 reportable segments, as per the Accounting Standard on ''Segment
 Reporting'' (AS 17) issued by the Institute of Chartered Accountants of
 India / notified under the Companies (Accounting Standards) Amendment
 Rules, 2011.
 
 *During the year investment in unsecured convertible debentures &
 advances given to LICHFL Asset Management Co. Ltd. were converted into
 fully paid up equity shares of LICHFL Asset Management Co. Ltd. at par
 (face value of Rs 10).
 
 **As the Provision for Performance Linked Incentive (PLI) is accrued
 for the company as a whole and not decided individually, hence not
 included.
 
 14. Operating Leases:
 
 The Company has taken various offices and residential premises on
 cancellable operating lease basis for periods which range from 11 to
 120 months with an option to renew the lease by mutual consent on
 mutually agreeable terms. Lease payments recognized in the Profit and
 Loss Account for such premises are Rs 1,431.76 Lacs (Previous year Rs
 1,269.35 Lacs).
 
 15. Current tax:
 
 Provision for current tax is made on the basis of accounting practices
 consistently followed by the Company, including method of accounting
 for interest on housing loans and is after availing deduction under
 section 36(1)(viii) of the Income Tax Act, 1961. For the purpose of
 determining the quantum of deduction available under section
 36(1)(viii), the methodology applied for the bifurcation of income and
 expenses for long term housing finance has been relied upon by the
 auditors.
 
 16.  The additional Information pursuant to revised Schedule VI to the
 Companies Act, 1956 are either Nil or Not Applicable.
 
 17.  The financial statements for the year ended March 31, 2011 were
 prepared as per the then applicable, Schedule VI to the Companies Act,
 1956. Consequent to the notification of Revised Schedule VI under the
 Companies Act, 1956, the financial statements for the year ended March
 31, 2012 are prepared in compliance with the Revised Schedule VI.
 Accordingly, the previous year figures have also been reclassified /
 regrouped / restated to conform to current year''s classification.  The
 adoption of Revised Schedule VI for previous year figures does not
 impact recognition and measurement principles followed for preparation
 of the financial statements.
 
 18. Disclosure regarding penalty or adverse comments as per Housing
 Finance Companies (NHB) Directions, 2010. During the current year, the
 Company has:
 
 a.  neither been imposed any penalty by National Housing Bank
 
 b.  nor received any adverse comments in writing from National Housing
 Bank on regulatory compliances.
 
 Figures in bracket are in respect of the previous year.
 
 a.  Since the above loans are repayable on demand, there is no
 repayment schedule for these loans.
 
 b.  No interest is charged on the above loans. However, the provisions
 of section 372A of the Companies Act, 1956 are not applicable to above
 loans in view of the loanees being subsidiaries of the company.
 
 c.  Loans and Advances to employees / customers and investments by such
 employees / customers in the shares of the Company, if any, are
 excluded from the above disclosure.