201412 - Quarter 2

1. The financial results for the quarter ended 31 December 2014 were
approved by the Audit Committee
and have been approved and taken on record by the Board of Directors
at its meeting held on 30
January 2015.

2. Ratios have been computed as
under:-

a. Debt service coverage ratio
= (Profit from ordinary activities before tax + interest on long-term
loans) / (interest on
long-term loans + repayment of long-term loans).

b. Interest
service coverage ratio =
(Profit from ordinary activities before tax + interest on long-term
loans) / interest on long-term
loans.

3. During the quarter ended 31 December 2014, the Board
of Directors has declared an
interim dividend of Rs. 8 per share (400% on par value of Rs. 2 per
share), amounting to Rs. 56,190
Lacs, which takes total dividend for the six month ended 31 December
2014 to Rs. 182,327
Lacs.

4. During the quarter ended 30 September 2014, the
management based on technical
evaluation reassessed the useful life of assets with effect from 01
July 2014. Accordingly the
useful lives of certain assets required a change from the previous
estimates. If the Company had
continued with the previously assessed useful lives, charge for
depreciation for the quarter and
half year ended 31 December 2014 would have been higher by Rs. 5,107
lacs and Rs. 10,705 lacs
respectively, for the assets held as at 01 July 2014.

5. The
Board at its meeting held on 30
January 2015 has considered, approved and recommended a Bonus issue
of Shares of one equity share
for every one equity share held by the equity shareholders of the
Company. The bonus issue of
equity shares is subject to the approval of the shareholders and any
other applicable statutory and
regulatory approvals.

6. The figures of previous periods/year
have been rearranged to conform
to current period classification.

Shiv Nadar
Chairman and
Chief Strategy
Officer

Anant Gupta
President and Chief Executive
Officer

Anil Chanana
Chief
Financial Officer