Rights attached to Equity Shares : Shareholders are entitled to such
 rights as to attend meetings of the shareholders, to receive dividend
 distributable and also have a right in residual interest in the assets
 of the Company. Further shareholders are entitled to right of
 inspection of the documents as provided in Companies Act, 1956.
 
 1.  Contingent liabilities not provided for
   
 
 a.  On counter guarantee furnished to bank       403.74      327.15
 
 b.  On account of bill discounting                91.80       93.70
 
 c.  Customs duty under Export Promotion
     Capital Goods Scheme                         189.13      189.13
 
 d.  Contracts remaining to be executed on
     Capital Account and not provided for         100.47          -
 
 2.  Managerial Remuneration
 
 The shareholders have approved at the annual general meeting held on
 7th September, 2009 remuneration to Mr A G Giridharan, Manager, up to 5%
 of the net profits of the Company, subject to a ceiling of Rs.48 lakhs
 per annum. However, based on the profitability for the year ended 31st
 March 2012, he was paid Rs.51.47 lakhs, which was approved by Board of
 Directors, subject, of course, to the final approval by the shareholders
 vide item no.5 of notice of even date for the ensuing annual general
 meeting.
 
 3.  Other expenses include
 
 No individual expense is in excess of 1% of the Revenue from operations
 or Rs.1,00,000/- whichever is higher.
 
 4.  Expenses, wherever applicable are inclusive of service tax at
 appropriate rates and net of service tax set off permissible.
 
 5.  Dividend - Interim Dividend payable: The amount proposed to be
 distributed to the shareholders on 77,69,040 Equity Shares is at
 Rs.3.50/- per share amounting to Rs.271.92 lakhs.
 
 6.  Last year''s figures have been regrouped wherever necessary to
 conform to this year''s classification.
 
 Note: 1) The above statement has been prepared in indirect method
 except in case of dividend, interest, direct tax, purchase and sale of
 investments, which have been considered on the basis of actual movement
 of cash.
 
 2) Cash and Cash equivalent represents cash and bank balances