a) The above results were reviewed & approved at the meeting of the Audit Committee and Board of Directors held on 27th June, 2008.

b) Disclosure of segment-wise information is not applicable as hoteliering is the company's only business segment.

c) The Company has issued and allotted on preferential basis to strategic investor, other investors and promotor group 353384 equity shares of Rs.10 each at a premium of Rs.162.50 per share and 25,35,266 Warrants during the year. The Warrants entitles the holder to receive and be allotted in one or more tranches, one equity share of Rs.10 at a premium of Rs.162.50 per share within 18 months from the date of allotment ie.18th December 2007 .

d) During the current quarter, 969923 warrants issued to strategic investors and other investors were converted into 969923 equity shares of Rs.10 each. This has resulted in increase in the paid up equity share capital by Rs.96.99 lacs and Reserves by Rs.1576.12 lacs

e) Details of number of investor complaints for the quarter ended March 31, 2008: beginning -nil, received - 2, disposed off - 2 and pending -nil.

f) Figures for the the previous year have been rearranged and/or regrouped wherever necessary.