a.  Term loan from State Bank of India and Dena Bank has been secured
 by first mortgage / equitable mortgage on pari-passu basis on the Land,
 Building, Plant & Machinery and other fixed asset of the Company
 situated on plot no 3436 to 3439 and 3442 to 3446 at Chhatral
 Industrial Area of GIDC, Phase IV, Tal: Kalol, Dist. Gandhinagar,
 Gujarat and second pari-passu charge on all the Current Assets of the
 Company (excluding Current Assets relating to Aluminium Pharma Foil
 Project and Wind Mill).
 
 b.  Term loan from Bank of India for Aluminium Pharma Foil Project has
 been secured by mortgage / equitable mortgage on exclusive basis on the
 Land, Building, Plant & Machinery and other fixed asset of the Company
 situated on plot no 3440 to 3441 at Chhatral Industrial Area of GIDC,
 Phase IV, Tal: Kalol, Dist. Gandhinagar, Gujarat.
 
 c.  Term loan from Allahabad Bank for Wind Mill has been secured by
 mortgage / equitable mortgage on exclusive basis on all the Land,
 Building, Plant & Machinery and other fixed asset relating to Wind Mill
 of the Company
 
 d.  Car loans have been secured by hypothecation of respective cars.
 
 a.  Working Capital availed under the Consortium arrangement (Allahabad
 Bank, IDBI Bank, State Bank of India, Union Bank of India, Dena Bank
 and Oriental Bank of Commerce) [excluding Working Capital limits
 availed from Bank of India for Aluminium Pharma Foil Project] by the
 Company is secured by way of first pari-passu hypothecation charge on
 all the Stocks, Receiv- able, Book Debts and other Current Assets of
 the Company and second pari-passu charge on entire Fixed Assets
 (excluding that of Aluminium Pharma Foil Project and Wind Mill ) of the
 Company.
 
 b.  Working Capital availed from Bank of India for Aluminium Pharma
 Foil Project of the Company is secured by way of exclusive
 hypothecation charge on all the Stocks, Receivable, Book Debts and
 other Current Assets of the Aluminium Pharma Foil Project of the
 Company and also secured by mortgage / equitable mortgage on exclusive
 basis on the Land, Building, Plant & Machinery and other fixed asset of
 the Company situated on plot no 3440 to 3441 at Chhatral Industrial
 Area of GIDC, Phase IV, Tal: Kalol, Dist. Gandhinagar, Gujarat.
 
 The liability of gratuity is funded through a scheme administered
 through policy taken from Life Insurance Corporation of India and
 provision is made based on actuarial valuation carried out as at
 Balance sheet date.
 
 1. Related parties transaction:
 
 A. Key Management Personnel:
 
 i) Abhay Lodha
 
 ii) Vijay Chadha
 
 iii) Prasenjit Dutta
 
 2.  These financial statements have been prepared in the format
 prescribed by the revised Schedule VI to the Companies Act 1956.
 Previous year''s figures have been regrouped / rearranged accordingly.
 
 3.  Amount is rounded off to the nearest rupee.