1. Debenture Redemption Reserves: 244 Year ended March 31, 2011
Debt Service Coverage Ratio : 2.08 year ended March 31, 2011
Interest Service Coverage Ratio : 2.92 Year ended March 31, 2011
2. The above results were reviewed by Audit Committee and approved by the Board of Directors at its meeting held on May 11, 2011.
3. The Board has recommended payment of dividend of Rs. 2/- (i.e.20%) per equity shares of Rs. 10/- each on increased capital of 26118348 Equity shares for the financial year 2010-11, subject to approval of shareholders.
4. During the quarter as well as year ended March 31, 2011, none of the employees has exercised the stock options granted under Employee Stock Option Scheme, 2007 and hence no share has been allotted.
5. The previous year´s figures have been regrouped and/or rearranged wherever considered necessary.
6. The management information system of the company identifies and monitors Constructions as the only business segment.
7. DSCR = Earning before interest and tax / (Interest + principle repayment), ISCR = Earning Before Interest and tax / Interest expenses.
8. The Company has raised Rs. 9004.50 lacs through issue of 4350000 Equity Shares at a price of Rs.207/- per shares on a Preferential basis to M/s. Kalpataru Power Transmission Ltd. on November 20, 2010 and has utilised Rs. 4949.81 lacs towards investment in DBFOT projects Rs. 3000 lacs in Mutual Fund and balance amount for reduction in working capital loan and current liabilities.
Hemant Modi
Vice Chairman & Managing Director