1. The figures for the corresponding periods have been regrouped, wherever necessary, to make them comparable with the figures for the current periods.

2. The Company made an investment of Rs 99.95 Crores in equity shares of Torrent Energy Ltd (TEL) on March 19, 2009.
Consequently TEL became a subsidiary of the Company. The Company made an additional investment of Rs 22.18 Crores during last quarter against call money of its partly paid up equity shares in its subsidiary company Torrent Power Grid Ltd.

3. The Company operates only in one business segment viz. Generation, Transmission and Distribution of Electricity.

4. The Audit Committee has reviewed the above results and the same have been approved by the Board of Directors in their respective meetings held on May 16, 2009.

5. On May 16, 2009, the Board of Directors has recommended dividend of Rs 2.00 per equity share of Rs 10 each fully paid up for the year 2008-09. the aggregate amount of dividend to be distributed is Rs 110.55 crores including Rs 16.06 crores as tax on profit to be distributed.

Sudhir Mehta
Chairman