Annual Report 2008-2009 of Indiabulls Ventures Limited

It is a broadly described annual report of Indiabulls Ventures Limited in the year of 2008-09. During the financial year, Total assets of the Company stood at Rs. 4,096,592,469 million. The Share Capital of the Company stood at Rs. 552,800,313 million. The Total Income of the Company during the year stood at Rs. 4,032.78 million with a net loss after tax of Rs. 128.83 million. The consolidated revenues of the Company along with its subsidiaries for the year ended 31st March 2009 stood at Rs. 4,083.47 million and the consolidated loss stood at Rs. 130.42 million respectively. The Company posted Profit/(Loss) before tax for the year Rs. (193,681,671) million. Earnings per Share (EPS) of the Company for the year Rs. (0.54).

The Board of Directors of the Company has provided for preference dividend @10% aggregating Rs. 4,594,632/- for the financial year 2008-09, as per the agreed terms. The dividend (including Corporate Dividend Tax) on equity and preference shares would consume an aggregate amount of Rs. 598,369,302/-.