1.  Loans from IDBI Bank Ltd. & Kotak Mahindra Bank Ltd. are secured by
 equitable mortgage of land, building and hypothecation of plant and
 machinery.
 
 2.  Working Capital Loan from State Bank of India is fully secured by
 hypothecation of raw materials, stocks in process, finished goods,
 stores and book debts and second charge on fixed assets.
 
 3.  Provision, Contingent Liabilities and Contingent Assets :
 
                                31.03.2011           31.03.2010
 
                                     Rs.                 Rs.
 
 a) Contingent liability not 
 provided for on account of
 Letters of Credit/Bank 
 Guarantee                        25,00,000          1,27,43,200
 
 b) Estimated amount of 
 contracts remaining to be      4,00,84,400          2,06,21,000 
 executed on Capital Account 
 and not provided for
 
 4.  During the year, a sum of Rs.4.79 Crores (Previous year Rs. 8.21
 Crores) being interest on borrowings attributable to qualifying assets
 has been capitalized.
 
 5.  Disclosure required by the AS – 15 (Revised) – Employee Benefits –
 Gratuity
 
 The Company has a defined benefit gratuity plan covering eligible
 employees. The following tables summarise the components of net benefit
 expenses recognised in the profit and loss account and the funded
 status and amounts recognised in the Balance Sheet.
 
 6.  Balances of Sundry Debtors, Sundry Creditors, Loans & Advances or
 receivables are subject to confirmations to be obtained from the
 parties.
 
 7.  Amount payable to Micro, Small and Medium Enterprises (MSMEs) as
 defined under the Micro Small and Medium Enterprises Development Act
 2006, is Rs. 5,52,01,303/- as on 31.03.2011 and there is no overdue
 amount.
 
 8.  Interim Financial Reporting :
 
 The quarterely financial results are published in accordance with the
 requirements of Listing agreement with stock exchanges.
 
 9.  Segment Information :
 
 The Company is principally engaged only in the business of manufacture
 and sale of Iron Castings, there are no reportable segments as per
 Accounting Standard No.17 issued by The Institute of Chartered
 Accountants of India on Segmental Reporting.
 
 10.  Related Party Disclosure :
 
 Disclosure as required by the Accounting Standard 18 on Related Party
 Disclosures are given below:
 
 11.  Figures for the previous year have been regrouped and reclassified
 WHEREVER NECESSARY TO BE IN CONFORMITY WITH THE FIGURES FOR THE CURRENT
 period.