1. The above results were reviewed and recommended by the Audit Committee & approved by the Board of Directors at their respective meetings held on June 30, 2009.

2. The Board of directors at the meeting held on June 08, 2009 have proposed for the approval of shareholders for raising of additional long term funds through further issuance of securities including by way of Qualified Institutional Placements (QIP) for an amount upto an aggregate principal amount of Rs 180,000 lacs.

3. The consolidated financial results have been prepared in accordance with AS-21 - ´Accounting standards on consolidated financial statements´, AS-27 - ´Financial reporting of Interest in joint ventures´ and AS-23 - ´Accounting for investment in Associates in consolidated financial Statements´.

4. The unaudited financial results of one wholly owned subsidiary company i.e. M/s. Rohtas Holdings (Gulf) Ltd have been reported by the management. The results of above mentioned company have been given effect to in consolidated financial results based on financial statements as certified. The Statutory auditors of Joint Ventures Company have made Qualifications in Audited Accounts for the Year ended March 31, 2009 relating to non accrual of marketing fee & transfer of construction cost incurred prior to and after entering joint venture, which have been address to by part billing. Pending finalization of the terms of the contract between Omaxe Ltd and Joint Venture Company, Project in progress and current liabilities in consolidated financial statements are higher by Rs 2621 lacs.

5. Segment Reporting has not been given as one of the segment namely construction activity does not qualify the threshold limit as per AS-17- ´Accounting standard for Segment Reporting´.

6. Apart from the subsidiaries reported in the previous quarters, during the quarter ended March 31, 2009, the Company has purchased 25,500 Equity Shares of Rs 10 each of the following three companies namely Rivaj Infratech Pvt Ltd, Garv Buildtech Pvt Ltd and Pancham Realcon Pvt Ltd at a consideration of Rs 2,55,000 each respectively. Further the Company has also acquired 10000 equity share of Oasis Township Pvt Ltd at a consideration of Rs 1,00,000/-. Company has also acquired the balance 24,500 shares of a subsidiary Omaxe Buildwell Pvt Ltd at a consideration of Rs 2,45,000/- thereby making it wholly owned subsidiary company.

7. The Company subsequent to the date of the Balance sheet has surrendered 149,820 sq.mt. of land to New Okhla Industrial Development Authority (NOIDA) in respect of Project "Omaxe Galaxy" at Sector - 112 Noida at a total surrender value of Rs 10,367.50 lacs. Accordingly recognized Turnover of Rs 18617.42 lacs and Profit thereon of Rs 6,637.73 lacs have been reversed in this year.

8. The previous year figures have been regrouped / rearranged wherever required for the purpose of comparison.

Rohtas Goel
Chairman & Managing Director