i There was lack of Government support for levying anti-dumping duty
despite efforts of the Company. Hence, the Company has suspended the
production of Penicillin-'' as import from China have resulted in
The Company is in process of exploring other alternative options to
utilize its manufacturing capacity.
ii The remuneration paid to Managerial / Whole Time Director is in
excess of the remuneration prescribed under schedule XIII to the
Companies Act, I956 .The Company is in process of making an application
for the necessary approval from the Central Government for the excess
paid remuneration in the prescribed limits.
iii. As per information / documents available with the Company, there
are no small scale undertaking. Hence information as per requirement
of section 22 of Micro, Small & Medium Enterprises Development Act,
2006, not given.
iv. Segment Reporting
The Company has identified Pharmaceuticals and Real Estate as
the primary reportable segment.
The Company has started a real estate project for residential use. The
project is in initial stage and no revenue / profit is recognized in the
current quarter / period and therefore, the Company has reported only
pharmaceutical segment in accordance with the Accounting Standard on
Segment Reporting (AS-I7).
In view of the inter-woven/inter-mixed nature of business and
manufacturing facility, other secondary segmental information is not
v Listing Agreement clause 32 disclosure
Disclosures as required under clause 32 of listing agreement have not
been given as there are no such transactions with any such party /
vi During the year ended 3Ist March, 20I2 the revised schedule VI
notified under the Companies Act, I956 has become applicable to the
Company for perpetration and presentation of its financial statement.
The adoption of revised schedule VI does not impact recombination and
measurement principles followed for preparation of financial
statements. However, it has significant impact on presentation and
disclosures made in the financial statements. The company has also
reclassified the previous year''s figures in accordance with the
requirements applicable in the current year. In view of this
reclassification certain figures of current year are not strictly
comparable with those of the previous year.