1. The above results have been reviewed by the Audit Committee in its meeting held on May 23, 2009 and thereafter approved by the Board of Directors in its meeting held on May 23, 2009.

2. Previous period figures have been regrouped, rearranged, restated and reclassified wherever necessary, for the purpose of comparison.

3. The operations of the Company are substantially of infrastructure and real estate development and as such reporting is done on single segment basis.

4. The consolidated Financial results as given, has been prepared in accordance with the principles and procedure for the preparation are and presentation of the consolidated accounts as set out in the Accounting Standards (AS- 21, AS 23 and AS-27) issued by the Institute of Chartered Accountants of India.

5. To conserve the resources, the Board do not recommend payment of dividend on equity shares for the year 2008-2009.

6. Company received overwhelming response on launch of residential projects i.e. Project Premier, Project Metropolis & Project Galaxy.

Rakeshkumar Wadhwan
Executive Chairman