1. In relation of Fixed Assets:
 
 Revaluation Reserve represents increase in the value of land on account
 of Revaluation made during the financial year 1989-90. Gross Block
 consists of Value of Chennai land aggregating Rs.148.55 crores
 pertaining to the Chennai Hotel project and Rs.12.99 crores of
 Hyderabad Courtyard land.
 
 2.  According to the information available with the Company, there are
 no amounts as at 31 March, 2011, due to suppliers who constitute a
 small scale industrial undertaking.
 
 3.  Contingent Liabilities not provided for in respect of:-
 
 i) Claims against the company pending appellate / Judicial decisions:
 
 a) E.S.I Rs 67,70,937/- (Previous Yerar Rs 67,70,937/-)
 
 b) Income Tax AY 2004-05 Rs. 25,95,736 & AY 2005-06 Rs. 73,14,584/-
 
 (Previous Year AY 2004-05 Rs. 25,95,736 & Ay 2005-06 Rs. 73,14,584
 
 ii) Guarantees:
 
 Guarantees given to bank for the Bank Guarantee limits Rs. 16,22,500/-
 
 availed by the company towards EPCG Bonds given to DGFT, Hyderabad.
 
 Previous Year Rs. 29,50,300/-
 
 iii) Corporate Guarantee given to subsidiary company M/s Crustum
 Products Pvt Ltd for Rupee term loan of Rs.8.65 crores availed from
 Oriental Bank of Commerce.
 
 4.  In relation of Secured (Term) Loans:
 
 (I) Term loans from IDFC Limited and Non Convertible Debentures from
 AXIS Bank aggregating to Rs.126.00 crores are secured by Pari Passu
 first charge on the immovable and movable properties of Hyderabad
 Marriott Hotel.
 
 (ii) Term loans sanctioned by State Bank of India, State Bank of
 Mysore, State Bank of Indore, State Bank of Bikaner & Jaipur, Allahabad
 Bank, Indian Overseas Bank and UCO Bank aggregating to Rs.350.00 crores
 for the Chennai Hotel project are secured by Pari Passu first charge on
 the immovable and movable properties of Chennai hotel project.
 
 (iii) Term loans sanctioned by State Bank of Mysore, State Bank of
 Indore, State Bank of India and Canara Bank aggregating to Rs.112.00
 crores for the Bangalore hotel project are secured by Pari- Passu first
 charge on the fixed assets of Bangalore Project. Apart from this the
 loans are also secured by deposit of lease deed of 53 years pertaining
 to the Bangalore project.
 
 (iv) Term loans from State Bank of India and Canara Bank for the
 Hyderabad Courtyard hotel project aggregating to Rs.95.00 crores are
 secured by the first parri passu charge on the fixed assets of the
 Courtyard hotel project.
 
 (v) The company has availed Redeemable Non convertible Debentures
 aggregating Rs.50 crores from Axis Bank Limited. It is secured against
 the immovable and movable properties of Hyderabad Marriott. The company
 has created a Debenture Redemption reserve of Rs.500 lakhs for the
 FY2008 and during the year under review, the company has not created
 any Debenture Redemption reserve. The company has redeemed Rs. 7.5
 crores of these Non convertible Debentures during the year under
 review.
 
 5.  In relation of Related Party Disclosures in compliance with
 Accounting Standard :
 
 However, during the financial year ended 31st March 2011, except
 Managerial remuneration no transaction were recorded between the
 company and any related party mentioned above, in respect of services.
 
 6. The Company''s only business is hoteliering and hence disclosure of
 segment-wise information is not applicable under Accounting 
 Standard 17 — ''Segmental Information'' (AS-17). There is no 
 geographical segment to be reported.
 
 7. Capital Work-in-Progress includes Pre-operative expenses of
 Rs.2843.61 lakhs pertaining to the Non- Refundable Deposit paid to the
 land lords for taking land on long lease of 53 years for the Bangalore
 hotel project.
 
 8.  Since Central Government had issued a notification No. S.O. 301
 (E) dated 8th February, 2011 in exercise of the powers conferred by
 Section 211 (3) of the Companies Act, 1956 granting general exemption
 to some specified class of companies, including hotel companies, from
 disclosing certain information in their profit and loss account as
 required under Part-II of Schedule VI of the Companies Act, 1956
 subject to fulfilment of few conditions, the Company has duly complied
 with all conditions of the notification to seek general exemption under
 Section 211 (4) of the Companies Act, 1956, paras 3(i)(a) and 3(ii)(d)
 of Part II of Schedule VI of the Companies Act, 1956 dealing with the
 disclosure of quantitative details of turnover of each class of goods,
 opening and closing stock, purchases, production and consumption of raw
 material in the financial statements for the financial year ended 31st
 March, 2011. In this regard the Board of Directors of the Company has
 passed necessary resolution to comply with the conditions of the
 notification for the same.
 
 9.  The Board of Directors of the Company has by resolution has given
 consent to avail of the General Circular Nos: 2/2011 and 3/2011 dated
 8th February, 2011 and 21st February, 2011 respectively issued by the
 Ministry of Corporate Affairs, Government of India giving general
 exemption to the companies under Section 212(8) of the Companies Act,
 1956 for not attaching the balance sheet of the subsidiaries. The
 Company has disclosed necessary information as required in the said
 Circular in the consolidated balance sheet in aggregate for each
 subsidiary.
 
 10.  Previous year''s figures and current year''s figures have been
 regrouped, recasted, wherever necessary to improve figures
 presentation.
 
 11.  The figures have been rounded off to the nearest rupee.