1 CORPORATE INFORMATION
 
 1.1 ITL Industries Limited is engaged in Manufacturing of Band Saw
 Machines, CNC Tube Mills, Machine tools & Sale/purchase of Hydraulic
 Items, etc.
 
 1.2 Registered Office of the Company is situated at 111, Sector B,
 Industrial Area Sanwer Road, Indore 452015 (M.P.)
 
 Note No. 2
 
 The amount due to Micro and Small Enterprises as defined In the Micro,
 Small and Medium Enterprises Development Act, 2006 could not be
 determined due to non-availability of information from the enterprises.
 However, no interest was paid / payable in terms of Section 16 of the
 said Act.
 
 Note No. 3
 
 No amount is paid / payable by the Company under section 441A of the
 Companies Act, 1956 (cess on turnover), since the rules specifying the
 manner in which the cess shall be paid has not been notified yet by the
 Central Government.
 
 Note No. 4
 
 Income Tax Assessments of the Company have been completed upto
 assessment Year 2009-10.
 
 Note No. 5
 
 The financial statement for the year ended March 31, 2011 had been
 prepared as per the then applicable pre-revised Schedule VI to the
 Companies Act, 1956. Consequent to the notification of Revised Schedule
 VI under the Companies Act, 1956, the financial statement for the year
 ended March 31, 2012 have been prepared as per Revised Schedule VI.
 Accordingly, the previous year''s figures have also been reclassified to
 confirm to this year''s classifcation. The adoption of the Revised
 Schedule VI for the previous year''s figures have also been reclassified
 to confirm to this year''s classification. The adoption of the Revised
 Schedule VI for the previous figures does not impact recognition and
 measurement principles followed for preparation of financial
 statement.