gayatri projects limited - Edelweiss

Board of Directors1. Ms. T Indira Reddy2. Mr. T V Sandeep Kumar ReddyBrief Financials(Rs. in Lakhs)Particulars 2002-03 2003-04 2004-05 2005-06Sales - - - -Other Income - - - -Profit After Tax - - - -Equity Share Capital * - 1.00 1.00 1.00Reserves & Surplus (excl revaluation reserves and deferred - - - -tax reserve)Earning Per Share (Rs.) - - - -Book Value/ Share (Rs.) - (28.70) (128.90) (129.84)Net Worth - (2.87) (12.89) (12.98)T S R Power Private Limited is not listed at any Stock Exchange neither it has any subsidiary. M/s T S R PowerPrivate Limited has not completed any public or right issue in the prceeding three years. It has not become sickunder the SICA and is not under winding up.24. T.V.Sandeep Kumar Reddy & OthersT.V. Sandeep Kumar Reddy & Others is a partnership concern that started its activity wef March 31, 1987 fromHyderabad.It is engaged in the activity of real estate development.Details of PartnersSl. No. Name of Partner Profit/Loss Share (%)1 Mr. T.V. Sandeep Reddy 40%2 Mrs. T. Indira 30%3 Mr. T. Subbarami Reddy 30%Brief Financials(Rs. in Lakhs)Particulars 2003-04 2004-05 2005-06Sales 20.04 17.40 20.71Other Income 0.07 - -Profit After Tax 4.38 (6.80) 3.99Share Capital 1039.93 1024.46 1022.45In addition to the above Promoter Group Companies, there were twelve more Promoter Group Companies which are inthe process of being amalgamated with M/s Gayatri Hi-Tech Hotels Limited in terms of the order of High Court ofAndhara Pardesh dated July 21, 2006. These companies will cease to exist on the date they will be amalgamated withGayatri Hi-Tech Hotels Limited. As per the Order, the debentures would be allotted to the shareholders of the transferorcompanies alonwith the other shares, which would be with an option of conversion of debentures for allotment of equityshares of Rs. 10/- each with premium of Rs. 90/- for every one debenture of Rs. 100/-. The details of these PromoterGroup Companies including exchange ratio for each promoter group company is given hereunder:101