1. After review by the Audit Committee, the Board of Directors of the Company have approved the standalone and consolidated financial results for the year ended March 31, 2009 at their Meeting held on April 23, 2009.

2. Tax Liability of the Company has been provided on the basis of Minimum Alternate Tax calculations.

3. During the quarter ended March 31, 2009, Reliance Cement Resources Pvt Ltd. (formerly known as AAA Traders Pvt Ltd) became a wholly owned subsidiary of subsidiary Company Reliance Cementation Pvt. Ltd.

4. There were no exceptional / extra-ordinary item during the quarter / year ended March 31, 2009.

5. During the year, the operations of the Group were confined to only one segment namely, ´Fuel Handling and Processing´. Reliance Cementation, a wholly owned subsidiary of the company and its subsidiaries are in the process of setting up cement plants and have not commenced its operations. In view of this, no segment report is prepared.

6. The consolidated financial statements have been prepared in accordance with Accounting Standard 21 (AS - 21) - Consolidated Financial Statements, Accounting Standard 23 (AS - 23) - Accounting for Investments in Associates in Consolidated Financial Statements and Accounting Standard 27 (AS - 27) - Financial Reporting of Interests in Joint Ventures as notified under the Companies (Accounting Standard) Rules, 2006.

7. Figures of the previous year have been regrouped / reclassified wherever considered necessary.

Anil D Ambani
Chairman