Status of Investor Complaints for the quarter ended March 31, 2009 Complaints Pending at the beginning of the quarter 06 Complaints Received during the quarter 2259 Complaints disposed off during the quarter 2168 Complaints unresolved at the end of the quarter 97 1. After review by the Audit Committee, the Board of Directors of the Company have approved the standalone and consolidated financial results at its meeting held on April 23, 2009. 2. The Initial Public Offer (IPO) proceeds have been utilised for the objects stated in the Prospectus dated January 19, 2008 (Prospectus) as under: pre>---------------------------------------------------------------------------------------------------------------------- Particulars (Rs in Lakhs) ---------------------------------------------------------------------------------------------------------------------- Proceeds received From IPO 1,156,320 ---------------------------------------------------------------------------------------------------------------------- Projected Actual ---------------------------------------------------------------------------------------------------------------------- Utilisation upto March 31, 2009: Funding subsidiaries to part finance the construction and development costs of following identified projects 600 MW Rosa Phase I, 600 MW Rosa Phase II, 300 MW Butibori, 3,960 MW Sasan, 1,200 MW Shahapur Coal, 400 MW Urthing Sobla. 318,553 165,353 Funding Subsidiaries to part Finance the Construction and development cost of following projects falling under general Corporate purpose category 4000 MW Krishnapatnam, 700 MW Tato II, 1,000 MW Siyom * 96,742 Upfront premium deposit paid to Government of Arunachal Pradesh for acquiring four Hydro Projects namely Kalai II, Mithundon, Amulin and Emini - 20850 Share Issue Expenses 11,905 11,859 ---------------------------------------------------------------------------------------------------------------------- Total Utlilsed Amount 294,804 Unutilised amount 861,516 ---------------------------------------------------------------------------------------------------------------------- Breakup of Unutilised amount: Investments in Liquid and Fixed Maturity Fund 861,216 Deposits with Bombay Stock Exchange Ltd 300 ---------------------------------------------------------------------------------------------------------------------- Total 861,516 ---------------------------------------------------------------------------------------------------------------------- * The year wise break up of General Corporate Purpose budget aggregating Rs. 280,172 lakh has not been disclosed in the Prospectus, and accordingly the actual figures are not comparable with the projected figures. 3. A part of the IPO proceeds have been parked in Fixed Maturity Plans of Mutual funds and the income from such investments will be accounted on declaration of dividends or maturity of such investments. 4. The Group (Reliance Power Ltd and its subsidiaries) is not required to and accordingly has not formulated its accounting policy with respect to accounting, for long term foreign currency items in accordance with the provisions of Accounting standard 11 as prescribed by the Companies (Accounting Standards) Rules, 2006 read with the Companies (Accounting Standards) Amendment Rules, 2009 thereon notified on March 31, 2009 by Ministry of Corporate Affairs as the Group (except in case of Rosa Power Supply Company Ltd (RPSCL)) does not have any long term foreign currency monetary items. RPSCL, has exercised the option available under the Companies (Accounting Standards) Amendment Rules, 2009 and capitalized exchange differences aggregating to Rs 2,757 lakh arising from revaluation of long term foreign currency monetary liabilities towards acquisition of fixed assets. In absence of long term foreign currency monetary items as on the reporting date for the Group (excluding RPSCL), the principles of uniform accounting policies as referred to in Accounting Standard 21 as prescribed by the Companies (Accounting Standards) Rules, 2006 for like transactions and other events in similar circumstances does not arise. 5. The Company and its subsidiaries operate in only one segment, namely power generation. Hence there are no reportable segments under Accounting Standard 17 Segment Reporting as prescribed by Companies (Accounting Standards) Rules, 2006. 6. During the year, Reliance Power International Sarl has become a subsidiary of the Company. Presently the Company has not commenced any operation. 7. Pursuant to the approval from shareholders, the Company allotted 1,368 lakh fully paid up equity shares of Rs. 10 each as Bonus Shares in the ratio of 3:5 aggregating to Rs. 13,680 lakhs to all members (other than Promoters after receipt of waiver letters) of the Company by capitalising equivalent amount lying in the Securities Premium Account 8. There are no exceptional / extraordinary items during the year ended March, 31, 2009. 9. Figures of the previous year have been regrouped / reclassified wherever considered necessary. Anil D Ambani Chairman