(a) Basis of preparation
 
 The financial statements have been prepared and presented on accrual
 basis under the historical cost convention and in accordance with the
 applicable accounting standards prescribed by the Companies (Accounting
 Standards) Rules, 2006 and the relevant provisions of the Companies
 Act, 1956 (''the Act''). The accounting policies have been consistently
 applied unless otherwise stated.
 
 (b) Use of estimates
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management of the Company to
 make estimates and assumptions that affect the reported amounts of
 assets and liabilities and disclosure of contingent liabilities at the
 date of the financial statements and the results of operations during
 the reporting periods. Although these estimates are based upon
 management''s best knowledge of current events and actions, actual
 results could differ from those estimates. Significant estimates used
 by management in the preparation of these financial statements include
 the estimates of the economic useful lives of the fixed assets,
 provision for bad and doubtful receivable and accruals for employee
 benefits.
 
 (c) Revenue recognition
 
 Revenues comprise income from the sale of rooms, food, beverages and
 allied services during a guest''s stay at the hotel. Room revenue is
 recognised based on occupation and revenue from sale of food, beverages
 and other allied services, is recognised as the services are rendered.
 
 Unbilled revenues represent revenues recognised which have not been
 billed to the customers at the Balance Sheet date and are billed
 subsequently.
 
 Income from management and technical services are recognised as the
 services are rendered based on agreements with the concerned parties.
 
 Interest income is recognised on a time proportion basis taking into
 account the amount outstanding and the rate applicable.
 
 (d) Fixed assets
 
 Fixed assets are stated at cost less accumulated
 depreciation/amortisation and impairment losses. All costs relating to
 acquisition and installation of fixed assets are capitalised.
 
 Advances paid towards acquisition of fixed assets before the financial
 year-end and the cost of the fixed assets not ready for their intended
 use, are disclosed as capital work-in-progress.
 
 Expenditure directly relating to expansion is capitalised only if it
 increases the life or functionality of an asset beyond its original
 standard of performance.
 
 e) Depreciation and amortisation
 
 Depreciation on fixed assets is provided on the straight line method,
 using the higher of rates specified in Schedule XIV to the Act or the
 management estimates of the economic useful lives of such assets. These
 rates are specified below:
 
 Intangible assets, which includes goodwill on acquisition of the
 business of entities, are amortised over a period of five years.
 
 Assets individually costing less than Rs. 5,000 are fully depreciated in
 the year of purchase.
 
 (f) Borrowing costs
 
 Borrowings costs that are directly attributable to the acquisition or
 construction of qualifying assets are capitalised as part of the cost
 of such assets for the period up to the completion of their acquisition
 or construction. All other borrowing cost as incurred are charged to
 the Statement of Profit and Loss.
 
 (g) Impairment of assets
 
 The Company assesses at each Balance Sheet date whether there is any
 indication that an asset may be impaired. If any such indication
 exists, the Company estimates the recoverable amount of the asset. If
 such recoverable amount of the asset or the recoverable amount of the
 cash generating unit to which the asset belongs is less than its
 carrying amount, the carrying amount is reduced to its recoverable
 amount. The reduction is treated as an impairment loss and is
 recognised in the Statement of Profit and Loss. If at the Balance Sheet
 date there is an indication that if a previously assessed impairment
 loss no longer exists, the recoverable amount is reassessed and the
 asset is reflected at the recoverable amount subject to a maximum of
 depreciated/amortised historical cost.
 
 (h) Investments
 
 Investments that are readily realisable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long term investments. Current
 investments are carried at lower of cost and fair value determined on
 an individual investment basis. Long-term investments are carried at
 cost. However, provision for diminution in value is made to recognise a
 decline other than temporary in the value of the long-term investments.
 
 (i) Inventory
 
 Inventory comprises food, beverages, stores and spare parts and is
 carried at the lower of cost and net realisable value.  Cost includes
 all expenses incurred in bringing the goods to their present location
 and condition and is determined on a weighted average basis. Net
 realisable value is the estimated selling price in the ordinary course
 of business, less estimated costs of completion to make the sale.
 
 (j) Foreign currency transactions
 
 Foreign currency transactions are recorded in the reporting currency,
 by applying to the foreign currency amount the exchange rate between
 the reporting currency and the foreign currency at the date of the
 transaction.
 
 Foreign currency monetary items are reported using the closing rate.
 Non-monetary items which are carried in terms of historical cost
 denominated in a foreign currency are reported using the exchange rate
 at the date of the transaction and non-monetary items which are carried
 at fair value or other similar valuation denominated in a foreign
 currency are reported using the exchange rates that existed when the
 values were determined.
 
 Exchange differences arising on the settlement of monetary items or on
 reporting monetary items at rates different from those at which they
 were initially recorded during the year, or reported in previous
 financial statements, are recognised as income or as expenses in the
 year in which they arise.
 
 (k) Leases
 
 Where the Company leases land and buildings along with related assets
 as a part of a combined lease arrangement, the Company determines
 whether these assets acquired are integral to the land and building. If
 these assets are integral, the Company analyses the nature of the lease
 arrangement on a combined basis for all assets. If the assets are not
 integral to the land and building, the Company evaluates each asset
 individually, to determine the nature of the lease.
 
 Finance leases
 
 Leases, which effectively transfer to the Company substantially all the
 risks and benefits incidental to ownership of the leased item, are
 capitalised at the lower of the fair value and present value of the
 minimum lease payments at the inception of the lease term and disclosed
 as leased assets. Lease payments are apportioned between the finance
 charges and reduction of the lease liability based on the implicit rate
 of return. Finance charges are charged directly to the Statement of
 Profit and Loss. Lease management fees, legal charges and other initial
 direct costs are capitalised.
 
 If there is no reasonable certainty that the Company will obtain the
 ownership by the end of the lease term, capitalised leased assets are
 depreciated over the shorter of the estimated useful life of the asset
 or the lease term.
 
 Operating leases
 
 Leases, where the lessor effectively retains substantially all the
 risks and benefits of ownership of the leased term, are classified as
 operating leases. Operating lease payments are recognised as an expense
 in the Statement of Profit and Loss on a straight line basis.
 
 (l) Employee benefits
 
 Expenses and liabilities in respect of employee benefits are recorded
 in accordance with Accounting Standard 15 Employee Benefits AS 15.
 
 Provident fund
 
 The Company contributes to the statutory provident fund of the Regional
 Provident Fund Commissioner, in accordance with the Employees''
 Provident Funds and Miscellaneous Provisions Act, 1952. The plan is a
 defined contribution plan and contribution paid or payable is
 recognised as an expense in the period in which the employee renders
 services.
 
 Gratuity
 
 Gratuity is a post employment benefit and is a defined benefit plan.
 The liability recognised in the Balance Sheet represents the present
 value of the defined benefit obligation at the Balance Sheet date less
 the fair value of plan assets (if any), together with adjustments for
 unrecognised actuarial gains or losses and past service costs.
 Independent actuaries using the projected unit credit method calculate
 the defined benefit obligation annually.
 
 Actuarial gains or losses arising from experience adjustments and
 changes in actuarial assumptions are credited or charged to the
 Statement of Profit and Loss in the year in which such gains or losses
 arises.
 
 Compensated absences
 
 Liability in respect of compensated absences becoming due or expected
 to be availed within one year from the Balance Sheet date is recognised
 on the basis of undiscounted value of estimated amount required to be
 paid or estimated value of benefit expected be availed by the
 employees. Liability in respect of compensated absences becoming due or
 expected to be availed more than one year after the Balance Sheet date
 is estimated on the basis of actuarial valuation in a manner similar to
 gratuity liability.
 
 (m) Stock based compensation
 
 The Company accounts for stock based compensation based on the
 intrinsic value method. Option discount representing the excess of the
 fair value or the market value of the underlying shares at the date of
 the grant over the exercise price of the option is amortised on a
 straight line basis over the vesting period of the shares issued under
 the Company''s Employee Stock Option Plan (ESOP).
 
 (n) Tax expense
 
 Current tax
 
 Provision is made for income tax under the tax payable method based on
 the liability computed after taking credit for deductions, allowances
 and exemptions as per the relevant tax regulations.
 
 Minimum Alternate Tax
 
 Minimum alternate tax (MAT) paid in accordance to the tax laws, which
 gives rise to future economic benefits in the form of adjustment to
 future income tax liability, is considered as an asset if there is
 convincing evidence that the Company will pay normal income tax.
 Accordingly, MAT is recognised as an asset in the Balance Sheet when it
 is probable that future economic benefit associated with it will flow
 to the Company and the asset can be measured reliably.
 
 Deferred tax
 
 Deferred income taxes reflects the impact of current year timing
 differences between taxable income and accounting income for the year
 and reversal of timing differences of earlier years. Deferred tax is
 measured based on the tax rates and the tax laws enacted or
 substantively enacted at the Balance Sheet date.
 
 Deferred tax assets are recognised only to the extent that there is
 reasonable certainty that sufficient future taxable income will be
 available against which such deferred tax assets can be realised.
 Deferred tax assets are recognised on carry forward of unabsorbed
 depreciation and tax losses only if there is virtual certainty that
 such deferred tax assets can be realised against future taxable
 profits.
 
 Unrecognised deferred tax assets of earlier years are re-assessed and
 recognised to the extent that it has become reasonably certain that
 future taxable income will be available against which such deferred tax
 assets can be realised.
 
 (o) Earnings per share
 
 Basic earnings/(loss) per share are calculated by dividing the net
 profit or loss for the period attributable to equity shareholders by
 the weighted average number of equity shares outstanding during the
 period. The weighted average numbers of equity shares outstanding
 during the period are adjusted for events of bonus issue, bonus element
 in a rights issue to existing shareholders, share split and reverse
 share split (consolidation of shares).
 
 For the purpose of calculating diluted earnings/(loss) per share, the
 weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity shares.
 
 (p) Provisions and contingent liabilities
 
 The Company creates a provision when there is a present obligation as a
 result of a past event that probably requires an outflow of resources
 and a reliable estimate can be made of the amount of the obligation. A
 disclosure for a contingent liability is made when there is a possible
 obligation or a present obligation that may, but probably will not,
 require an outflow of resources. Where there is a possible obligation
 or a present obligation in respect of which the likelihood of outflow
 of resources is remote, no provision or disclosure is made.
 
 (q) Onerous contracts
 
 Present obligations arising under onerous contracts are recognised and
 measured as a provision. An onerous contract is considered to exist
 where the Company has a contract under which the unavoidable costs of
 meeting the obligations under the contract exceed the economic benefits
 expected to be received under it.