DLF POWER LIMITED            
             
 Schedules 1 to 11 annexed to and forming part of the accounts           
                 
             
 SCHEDULE 1      As at    As at  
       March 31,2004   March 31, 2003  
       Rs. in lacs    Rs.in lacs  
               
 SHARE CAPITAL            
             
 Authorised             
       10,00,00,000 (previous year 10,00,00,000) Equity shares of Rs.10 each                    10,000.00                     10,000.00  
             
         1,99,75,000 (previous year 1,99,75,000) Preference shares of Rs.100 each                  19,975.00                     19,975.00  
             
                25,000  (previous year 25,000)10% Non-cumulative redeemable          
                               preference shares of Rs.100 each                              25.00                             25.00  
             
                          -----------------                      -----------------  
                       30,000.00                     30,000.00  
                          -----------------                      -----------------  
             
 Issued             
        6,93,23,085  (previous year 6,93,23,085)Equity shares of Rs.10  each                       6,932.31                       6,932.31  
           10,00,000  (previous year 10,00,000)-12.5%-Cumulative          
                              redeemable preference shares of Rs.100 each                                   -                                     -    
              
        --    --  
                          -----------------                      -----------------  
                          6,932.31                       6,932.31  
                          -----------------                      -----------------  
             
 Subscribed and paid up            
         6,93,20,037 (previous year 6,93,20,037) Equity shares of Rs.10 each          
                              fully paid-up*                         6,932.00                       6,932.00  
            Nil  (previous year 10,00,000 )-12.5%-Cumulative            
                               redeemable preference shares of Rs.100 each**   #REF!                                   -    
               
       #REF!    --  
               
                          -----------------                      -----------------  
                          6,932.00                       6,932.00  
                          -----------------                      -----------------  
 *6,93,20,037 (previous year 6,93,20,037)Equity shares are held by DLF Universal  Limited, the holding company.