1. The above results have been taken or record by the Board of Directors at a meeting held on April 27, 2009.

2. On adoption of the Guidance Note on ´Accounting for Service Concession Arrangement´ issued by The Institute of Chartered Accountants of India, the Delhi Noida Link Bridge which was hitherto classified as Fixed Assets is now classified as Intangible Asset with effect from the first day of Financial Year 2008-09 i.e. April 01, 2008. As the Grantor (NOIDA) grants right to collect toll from the users in exchange for providing the construction services to the Grantor, the Intangible asset is recognized at cost i.e. fair value of the construction services. The effect of the change has been adjusted in the opening revenue reserve in accordance with the Guidance Note.

The Company considers that it will not be able to earth the assured return under the concession agreement over 30 years. The Company has an assured extension of the concession as required to achieve project cost & designated returns.

Based on the independent professional expert´s advice, the estimated useful life of the Bridge has now been considered as 100 years. The carrying value of the intangible asset is amortised over the same estimated useful life under units of usage method i.e. on the number of vehicles using the project facility based on the traffic study done by M/s. Halcrow Consulting India Pvt Ltd. The Company was hitherto depreciating the project asset as Fixed Asset on s Straight Line method over 62 years.

Consequent to the change in the estimated useful life, the charge for depreciation/ amortisation has been reduced by Rs 49.70 million & the profit has been increased to that extent during the current financial year. The effect of the charges prior to the current financial year has been adjusted through the Reserve & surplus.

The provision for the road overlay is being built up in accordance with the provisions of AS 29, provisions , Contingent Liabilities & Contingent Assets.

3. The Company had only one business segment and therefore reporting of segment wise information under Clause 41 of the Listing Agreement is not applicable.

4. Previous period figures have been regrouped / reclassified wherever necessary.