1. The above results have been approved by the Audit Committee & Board of Directors at its meeting held on May 26, 2009.

2. The details of funds raised through IPO and utilization of such funds up to March 31, 2009 are given below: (Rs in Lakhs)


----------------------------------------------------------------------------------------------------------------------	Particulars					Amount specified in Prospectus		Actual 	----------------------------------------------------------------------------------------------------------------------A) Funds raised (post the stabilization period onthe Company exercising the Green Shoe Option)		70376.30				70376.30	B) Utilisation:Land							4796.90					25508.71Construction						51203.70				23674.58General Corporate Purpose				10840.10				12972.21Issue Expenses						3535.60				        3920.80C) Unutilised amount invested in Mutual Funds/Bank	Nil					4300.00----------------------------------------------------------------------------------------------------------------------	-The shareholder of the Company in the 13th Annual General Meeting held on June 27, 2008 have given their approval under Section 61 of the Companies Act, 1956 for varying, modifying, altering, including change in deployment of funds raised in the Initial Public Offering in December 2007.3. Segment wise reporting as required under Accounting Standard 17 is not applicable as the Company operates under a single Segment.4. Directors have recommended a dividend of Rs 1.20 Per equity share (12%) subject to the approval of the shareholders in the ensuing Annual General Meeting.5. Exceptional Items represent prior period items and excess tax provision. EPS for the period is computed without considering exceptional items.6. The figures for the previous year have been regrouped / reclassified wherever necessary.
M R Jaishankar
Chairman & Managing Director