1. The above results have been reviewed by the Audit Committee and the same were taken on record by the Board of Directors of the Company at its meeting held on September 26, 2009.
2. The Board of Directors, subject to approval of members, have recommended a dividend of Rs.0.60 (30%) per equity share and Rs 0.70 (35%) per Class B (Series 1) share.
3. During the quarter paid up equity share capital has increased from Rs 31,85,83,042/- to 34,87,83,042/- due to allotment of 1,51,00,000 equity shares of Rs 2/- each at a premium of Rs.181/- per share
4. On May 22, 2008. the Company allotted 50,00,000 warrants on preferential Basis. These warrants are convertible into Equity shares all the option of warrant holders within 18 months from the date of allotment.
5. The proceeds from allotment of shares and initial application money from warrants in this quarter have been utilised for the purposes for which the funds were raised.
6. Company has only one business segment i.e."Retail"
Kishore Biyani
Managing Director