1.  As defined under Micro, Small and Medium Enterprises Development
 Act, 2006, the disclosure in respect of the amounts payable to such
 enterprises as at March 31, 2011 has been made in the financial
 statements based on information received and available with the
 Company.
 
 2. Provision for Excise duty amounting Rs.8,914,590/-(Previous year
 Rs.8,581,085/-) for the uncleared stock of finished goods has been
 reckoned in the value of Finished Goods.
 
 3. In the opinion of the Board of Directors, the Current Assets, Loans
 and Advances have atleast the value as stated in the Balance Sheet and
 will be realised in the ordinary course of business.
 
 4. Contingent Liabilities:                          (Amount in Rs.)
 
                                          2010-11            2009-10
 
 Letters of Credit                    707,013,989        171,823,467
 
 Bank Guarantee                        86,239,859         95,746,731
 
 Central Excise Demand                 44,057,958         58,496,042 
 
 Income Tax Demand                     34,255,650                  -
 
 Disputed tax dues are appealed before concerned appellate authorities.
 The Company is advised that the cases are likely to be disposed off in
 favour of the Company and hence no provision is considered necessary
 therefor.
 
 5. Estimated amount of Contracts remaining to be executed on Capital
 account and not provided for net of advances is
 Rs.200,942,474/-.(Previous Year Rs.487,330,735/-)
 
 6. a) The Company gives warranties for its products undertaking to
 repair or replace the items that fail to perform satisfactorily during
 the warranty period. Provisions made at the end represents the amount
 of expected cost of meeting such obligations of
 rectification/replacements. The timing of the outflows is expected to
 be within a period of one year.
 
 7. Revenue Expenditure on Research & Development amounting to Rs.
 119,505,728/- (Previous Year Rs. 124,903,253/-) has been charged to
 Profit and Loss Account and Capital expenditure relating to Research
 and Development amounting to Rs. 18,180,108/- (Previous Year
 Rs.25,217,506/-) has been included in Fixed Asset
 
 8 .The previous year''s figures have been reworked, regrouped,
 rearranged and reclassified wherever necessary.
 
 Related Party Disclosures
 
 1) Related Party Relationships
 
 Key Management Personnel:
 
 Dr. D. Jayavarthanavelu, Chairman and Managing Director (Upto
 10.06.2010)
 
 Sri. R. Venkatrangappan, Chairman (Since 10.09.2010)
 
 Sri. Sanjay Jayavarthanavelu, Managing Director (Since 10.09.2010)
 
 Joint Ventures:
 
 Rieter LMW Machinery Limited
 
 Wholly Owned Subsidiary:         
 
 LMW Textile Machinery (Suzhou) Co. Ltd
 
 Other related parties-Associates:       
 
 Annur Satya Textile Limited
 
 Eshaan Enterprises Limited
 
 Harshini Textiles Limited
 
 Hermes Academy of Training Limited
 
 Integrated Electrical Controls Limited
 
 Lakshmi Cargo Company Limited
 
 LCC Cargo Holdings Limited
 
 Lakshmi Electrical Drives Limited
 
 Lakshmi Technology & Engg. Industries Ltd
 
 Lakshmi Ring Travellers (Cbe) Limited
 
 Lakshmi Electrical Control Systems Limited
 
 Lakshmi Precision Tools Limited
 
 Lakshmi Life Sciences Limited
 
 Mahalakshmi Engineering Holdings Limited
 
 Quattro Engineering India Limited
 
 Sri Kamakoti Kamakshi Textiles P Ltd
 
 Super Sales India Limited
 
 Starline Travels Limited
 
 The Kuppuswamy Naidu Charity Trust for Education and Medical Relief
 
 Titan Paints & Chemicals Limited
 
 Venkatavaradha Agencies Limited
 
 Walzer Hotels Limited