1. The above results were approved by the Board of Directors in its meeting held on February 26, 2009.

2. The Company has paid the final dividend at Rs 3 per equity share having face value Rs 2 each aggregating to Rs 1,923.75 lacs and the preference dividend of Rs. 0.75 per 7.5% Redeemable Cumulative Non Convertible preference share having face value of Rs 10 each aggregating to 108 lacs for the year ended December 31, 2007, as approved by its shareholders at the Annual General Meeting of the Company held on May 02, 2008.

3. The proportionate dividend on 7.5% Redeemable Cumulative Non Convertible Preference Shares (RCNPS) amounting to Rs 31.76 lacs for the quarter ended on December 31, 2008 (Rs. 31.85 lac for the quarter ended December 31, 2007), Rs. 94.59 lacs for the nine months ended on September 30, 2008 and Rs.126.35 lac for the year ended on December 31, 2008 (Rs. 126.35 lac for the year ended on December 31, 2007) has been considered in determining EPS.

3. The company is primarily in the business of distribution of Natural gas. The other activity of the company comprises leasing of natural gas fired Cogeneration units, the income from which is not material in financial terms. Accordingly, disclosures relating to primary business segments under the Accounting Standard on Segment Reporting (AS - 17) notified pursuant to Companies (Accounting Standards) Rules 2006 as per Section 211(3C) of the Companies Act, 1956 are not relevant to the Company.

5. The company is procuring natural gas from one of the suppliers on the basis of a Term Sheet agreed with the supplier effective April 01, 2008 . Under the terms of the agreement with the supplier, the Term Sheet shall be superseded by a Gas Sales and Transmission Contract (GSTC) as and when the same is finalised. The GSTC would be effective from April 01, 2008. Pending the finalisation of the GSTC, the gas procurement cost is being recorded in the books of account on the basis of the terms provided in the Term Sheet.

6. A settlement was reached with a transmission debtor regarding certain old disputes for which provisions had been made in earlier years. A total of Rs 910.93 lac was written back as a result of the settlement in the second quarter of the current year.

7. The Board of Directors has recommended payment of dividend of Rs 0.75 (7.5%) per share on Rs 7.5% Redeemable Cumulative Non Convertible Preference Shares having face value of Rs. 10 each aggregating to Rs 126.35 lac (including dividend distribution tax of Rs. 18.35 lac) and Rs. 3 (150 %) per share Equity Shares having face value of Rs. 2 each aggregating to Rs. 2250.69 lac (including dividend distribution tax cut Rs. 326.94 lac).

8. Previous period figures have been reclassified / regrouped wherever considered necessary to conform to the current period figures.

Shaleen Sharma
Managing Director