1.1 - The Company has only one class of equity shares having a par
 value of Rs.10 per share. Each holder of equity shares is entitled to one
 vote per share. The Company declares & pays dividend in Indian Rupees.
 The dividend proposed by the Board of Directors is subject to the
 approval of the shareholders in the ensuing Annual General Meeting.
 
 1.2 - During the year ended March 31,2012, the company has recognised
 Rs.0.60 (P.Y Rs.1.00) per share dividend as proposed for distribution to
 equity shareholders which is subject to approval of shareholders in
 Annual General Meeting.
 
 1.3 - Bonus shares /Buy back/shares for consideration other than cash
 issued during past year
 
 There is no issue of the bonus shares /buy back of own shares/ shares
 issued for consideration without payment being received in cash during
 previous five financial year from the reporting date
 
 2.1 - Additional Information to Secured Long Term Borrowings
 
 The long Term portion of term loans are shown under long term
 borrowings and the current maturities of the long term borrowings are
 shown under other current liabilities as per disclosure requirements of
 the Revised Schedule VI.
 
 2.2 - Details Relating to Term Loans
 
 2.2.1 - Rupee Loans A) Secured by way of
 
 1.  First charge on parri-passu basis on entire fixed assets (excluding
 all fixed assets financed from using ICICI Bank ECB Term Loan and
 Housing Loan) both present and future of the company.
 
 2.  Second charge on parri-passu basis on current assets of the
 company.
 
 3.  Personal Guarantee of Mr. Ramesh J. Aggarwal - Chairman, Mr. Vijay
 J. Aggarwal - Vice Chairman & Whole Time Director, Mr. Ashok J.
 Aggarwal - Vice Chairman, Mr. Satish J. Aggarwal - Managing Director
 and Mr. Sanjeev A. Aggarwal - Joint Managing Director.
 
 4.  Pledge of 7.15 Lakh equity shares held by the following persons of
 the company on parri-passu basis with Woking capital lenders.
 
 2.2.2 - Foreign Currency Term Loan- IOCI Bank A) Secured by way of;
 
 1.  First charges on all fixed assests financed from using ICICI Bank
 ECB Term Loan.
 
 2.  Second charge on parri-passu basis on current assets of the
 company.
 
 3.  Personal Guarantee of Mr. Vijay J. Aggarwal - Vice Chairman & Whole
 Time Director, Mr. Ashok J. Aggarwal - Vice Chairman, Mr. Satish J.
 Aggarwal - Managing Director and Mr. Sanjeev A. Aggarwal - Joint
 Managing Director.
 
 A Treatment of Foreign Exchange Fluctuation
 
 The Company has capitalised Rs. 441.90 lacs of foreign currency loss on
 external commercial borrowing in term of amendments made in Companies
 (accounting standards rules) 2009 as per revised accounting standard-11
 Accounting for foreign exchange.
 
 4.1 - Working Capital Loans A. Secured By way of
 
 1.  First Pari passu charge by way of hypothecation of the company''s
 entire current assets of the company.
 
 2.  Second charge on parri-passu basis over entire fixed assets of the
 company.
 
 3.  Personal Guarantee of Mr. Ramesh J. Aggarwal - Chairman, Mr. Vijay
 J. Aggarwal - Vice Chairman & Whole Time Director, Mr. Ashok J.
 Aggarwal - Vice Chairman, Mr. Satish J. Aggarwal - Managing Director
 and Mr. Sanjeev A. Aggarwal - Joint Managing Director.
 
 5.1 - The classification of debtors between ><6 month period have been
 taken according to the company''s standards policy of the due date i.e.
 45 days from the date of Invoice.
 
 5.2 - Sundry Debtors exceeding Six month includes Rs.138.83 (P.YRs.
 157.85) as doubtful. The Efforts for recovery are under process and
 hence no Provision has been made in the books of accounts.
 
 6.1 - Fixed Deposits Classification between ><12 month period have
 been taken from the reporting date (i.e. 01.04.2012 ) to its maturities
 mentioned on the Fixed deposits receipts
 
 6.2 - Some bank accounts are still in the name of erstwhile M/ Gaurav
 Agro - Plast Ltd merged with the company w.e.f. 01-04-2005.
 
 7.1 - The Sales of Manufactured goods includes the related party sales
 made to our associate Concern Kisan Irrigations Limited Rs. 74.44 Lacs
 (P.Y. Rs. 105.33 Lacs) net of taxes.
 
 8.1 - The Purchase includes related party purchase made from our
 associates concern Kisan Irrigations Limited amounting of Rs.1511.98 Lacs
 (P.Y. Rs.1942.81 Lacs)
 
 9.  CONTINGENT LIABILITIES AND COMMITMENTS                (Rs. in Lacs)
 
 (I) Contingent Liabilities 
 
 (a) Guarantees
 
 (i) Guarantees given by Banks and Financial           94.34      68.05
 
 Institutions against Export obligation to 
 Custom Authorities
 
 (II) Commitments
 
 (i) Demand from central Excise under appeal         1090.74     576.86
 
 (ii) Sales Tax Demand under appeal                    59.57     275.14
 
 (iii) Income tax                                      29.44      89.09
 
 10.  The Financial results of the Roha & Silvassa undertaking (as
 merging entity & demerging from Kisan Irrigations Limited) as approved
 by the shareholders in the meeting held on 27th January, 2012 is not
 included in above results due to matter pending before hon''ble Mumbai
 high Court.
 
 11.  These Financial Statement are not authenticated by a whole time
 company secretary as required by section 383Aof the Company act, 1956.
 
 12.  Debtors and staff loan and advance are subject to confirmation and
 reconcilation, if any.