1.1 The Board of Directors in their meeting on 25th May, 2012 proposed
a final dividend of Rs7/- per equity share. The proposal is subject to
approval of shareholders at the Annual General Meeting to be held on
31st July, 2012.
Particulars 31st March,
2012 31st March,
2 Contingent liabilities & Commitments
Amount in Rs (to the extend not provided
(i) Contingent liabilities
Income Tax demands in dispute for which
the company has preferred appeals to
higher authorities and has been legally
advised that demands are unsustainable. 1,49,32,076 1,49,32,076
a Estimated amount of contracts
remaining to be executed on
capital account and not provided for - -
b other commitments - -
3 Cost of Research and Development revenue expenditure aggregated to Rs
15.10 lakhs (Previous YearRs 15.54 lakhs) which has been debited to
various heads of account in the Profit and Loss Account. There was no
Research and Development Capital expenditure during the year as well as
in the previous year.
4 The company operates in only one segment (i.e) Carbon Rods as a
component of Dry Cell Batteries
5 The Outstanding Derivative Instruments as on 31st March, 2012
(i) Derivative instruments that are outstanding as on 31st March, 2012
is Rs Nil. (Previous year Rs Nil)
(ii) The Foreign Currency Exposures not hedged by a Derivative
Instrument or otherwise as on 31st March, 2012 is Receivables of
US,38,731/- Rs 1,21,41,837/-(Previous Year US$ 117,350/- Rs
6 Exceptional Item represent Volutantary Separation Scheme (VSS)
compensation paid to employees opted for VSS amounts to Rs 73,56,351.
7 In the opinion of management, current assets, loans and advances are
approximately of the value stated in the balance sheet if realized in
the ordinary course of business.
8 The financial statements 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 statements for the year
ended March 31, 2012 are prepared as per Revised Schedule VI.
Accordingly, the previous year figures have also been re-classified to
confirm to this year''s classification.