1. Contingent liabilities not provided for:
 
 Bills/Cheques discounted with scheduled banks    360.71     572.91
 
 Income Tax                                       153.40     189.02
 
 Wealth Tax                                         2.43       6.44
 
 Service Tax                                       13.85       1.60
 
 Central Sales Tax                                 31.81
 
 2.  An amount of Rs 8,38,462 representing difference between
 Depreciation on Revalued Assets and on original cost of assets is
 transferred from Revaluation Reserve to Profit & Loss Account.
 
 3.  Net Gain on account of foreign exchange fluctuation Rs 10,39,197
 (Previous Year Gain Rs 2,95,453) has been accounted for in the Profit &
 Loss Account.
 
 As per requirement of Section 22 of Micro, Small & Medium Enterprises
 Development Act, 2006 following information is disclosed to the extent
 identifiable.
 
 4.  The Company is engaged in manufacturing of engineering goods only
 and, therefore, there is only one reportable segment in accordance with
 Accounting Standard (AS 17).
 
 5.  As required by Accounting Standard AS -18 Related Parties
 Disclosures issued by the Institute of Chartered Accountants of India
 are as follows:
 
 List of Related Parties with whom transactions have taken place during
 the year
 
 (a) Subsidiaries Company :
 
 (b) Associate Companies/Firm : JSL Industries Ltd.
 
                                Insutech Industries Pvt. Ltd
 
 (c) Joint Venture : Jyoti Sohar Switchgear L.L.C.
 
 (d) Key Management Personnel
 
 Chairman & Managing Director - Mr. Rahul Nanubhai Amin
 
 Wholetime Director - Ms. Keki Rambhai Patel
 
 Non-Executive Director - Mrs. Tejal Rahul Amin
 
 6.  Net Deferred Tax Asset / Liability of Rs 25.35 lakhs for the year
 on account of Leave Pay Gratuity Super Annuation, VRS and Depreciation
 has been recognized to the Profit & Loss Account.
 
 7.  The Company has finally exited from CDR System by liquidating
 interest recompense amount of Rs 1521.51 lakhs by cash payment of Rs
 760.75 lakhs and by issue of equity shares for the balance amount of Rs
 760.75 lakhs to the lenders. Out of total Rs 1521.51 lakhs, the balance
 amount of Rs 982.69 lakhs, based on revised guidelines of CDR
 Authorities, has been provided in interest account in FY 2010-11.
 
 8.  (a) The Board of Directors, at their meeting held on 7s1
 September, 2010, have allotted, under preferential allotment basis as
 per SEBI Regulations, 30,00,000 equity shares @ Rs 83 per share
 (including premium of Rs 73 per share ) to various parties. These
 proceeds have been utilized for capital expenditure and long term
 working capital requirements.
 
 (b) The Board of Directors, at their meeting held on 30th March, 2011,
 have allotted, under preferential allotment basis as per SEBI
 Regulations, (a) 1,20,000 equity shares to Promoter @ Rs 83 per share
 (including premium of Rs 73 per share) by full conversion of existing
 equity warrants, (b) 3,50,000 equity shares to Promoter Group Company @
 Rs 83 per share (including premium of Rs 73 per share) by part
 conversion of existing equity warrants and (c) 6,74,128 equity shares
 to various Banks @ Rs 112.85 per share (including premium of Rs 102.85
 per share) for liquidating part recompense amount of Rs 7.61 crores to
 exit from CDR System.  The balance proceeds of Rs 3.90 crores are being
 utilized for capital expenditure and long term working capital
 requirements.
 
 9.  (a) The accounts of Debtors, Creditors and Advances are subject to
 reconciliation. The management does not expect any material difference
 affecting the financial statements on reconciliation.
 
 (b) In the opinion of the Board, Current Assets, Loans and Advances
 have values on realization in the ordinary course of business at least
 equal to the amount at which they are stated.
 
 10.  Excise duty on finished goods stock has been accounted / included
 in the Profit & Loss Account under the head 'Consumption of Raw
 Materials, Components and Others'.
 
 11.  There are no amounts due and outstanding to be credited to        
 Investor Education & Protection Fund as at 31st March, 2011.
 
 12.  The figures of previous year are regrouped / rearranged wherever
 necessary.