"Though, the transaction was completed subsequent to the quarter end, a foreseeable loss of Rs 411.39 crore is recorded and disclosed as an exceptional item in these consolidated financial results," DLF said in the filing.
In July 2007, DLF had bagged a Rs 6,000 crore contract from DDA for constructing the convention and exhibition centre at Dwarka. However, the project got scrapped. DLF will now return the 35 acre land that it had got from DDA for Rs 900 crore to develop this project.
DLF said the board has approved re-appointment of Rajiv Singh as Vice-Chairman for a period of five years with effect from April 9, 2014.
The board approved appointment of Mohit Gujral and Rajeev Talwar as whole-time director for a period of five years.
Gujral joined the company in 2010, while Talwar, an IAS Officer of 1978 batch, joined DLF in 2006.
"The company looks forward to the contribution of Mr Gujral and Mr Talwar to the strategisation and implementation of the company's business plans," DLF said.
The board also approved appointment of Ved Kumar Jain as additional director in capacity of non-executive independent director.
Jain is the former President of the Institute of Chartered Accountants of India (ICAI) and was on the Board of Governors of the Institute of Corporate Affairs of the Ministry of Corporate Affairs.
