1. Pursuant to the Corporate Debt Restructuring Scheme of the Company,
 the Authorised Share Capital of 2,00,00,000 equity shares of Rs.10 each
 was divided into 1,80,00,000 equity shares of Rs.10 each and 2,00,000
 preference shares of Rs.100 each.
 
 2. Of the above :
 
 (i) 84,02,725 (previous period 84,02,725) equity shares are allotted as
 fully paid up by way of bonus shares by capitalisation of general
 reserve and share premium account.
 
 (ii) 1,688 (previous period 1,688) rights of equity shares have been
 kept in abeyance under section 206A (b) of the Companies Act, 1956.
 
 (iii) 5,34,612 (previous period 5,34,612) equity shares are allotted as
 fully paid up to a financial institution on a preferential basis.
 
 (iv) 27,50,000 (previous period 27,50,000) equity shares are allotted
 as fully paid up on a preferential basis,
 
 (v) 1,27,980 (previous period 1,27,980) Zero coupon redeemable
 preference shares of Rs.100 each, issued to a financial institution in
 terms of the Corporate Debt Restructuring Scheme. These are redeemable
 at the end of 9 years from the date of allotment i.e. August 2, 2014 at
 a premium of Rs.154.16 per share.
 
 3. Loans from banks :
 
 (a) Term loans include:
 
 (i) Loan of Rs.229.69 lacs (previous period Rs.262.50 lacs) secured by
 a first charge by way of hypothecation of the Company's movable assets,
 both present and future, subject to prior charges created in favour of
 the Company's bankers for working capital requirements and also secured
 by mortgage by deposit of title deeds in respect of the Company's
 immovable properties, both present and future.
 
 (ii) Loan (including funded interest of Rs. 1134.00 lacs; previous
 period Rs.1296.12 lacs) of Rs.2891.03 lacs (previous period Rs.3304.16
 lacs) secured by a first and exclusive charge by way of hypothecation
 of the Company's movable properties, both present and future,
 pertaining to the Company's Windmill Project at Coimbatore and also
 secured by a first charge by way of hypothecation of the Company's
 immovable properties at Jabalpur, Madhya Pradesh. Also further secured
 by a second charge by way of hypothecation of the Company's movable
 properties, both present and future, (save and except movable
 properties pertaining to the above mentioned project) which is subject
 to the charges created in favour of consortium of banks.
 
 This is further secured by a first charge by way of a first mortgage on
 the Company's immovable properties, both present and future, pertaining
 to the Company's Windmill Project at Coimbatore. Also to be further
 secured by a first charge by way of a mortgage on the Company's
 immovable properties, both present and future.
 
 (b) Working capital demand loans and cash credit from Banks are secured
 by a first charge on all current assets and movable properties, both
 present and future, and also secured by way of a second charge on all
 present and future immovable properties of the Company at Jabalpur,
 Madhya Pradesh.
 
 4. Pursuant to the Company's Corporate Debt Restructuring Scheme (CDR),
 20% of the amounts outstanding as on August 8, 2011, can be converted
 in to equity shares of the Company.
 
 5. a) Contingent liabilities in respect of:
 
 - Sales tax, entry tax and works contract tax matters
 
 - Central Excise
 
 b) Claims against the Company not acknowledged as debts:
 
 - Claims by a party purporting to be a party to contracts entered into
 by the Company during 1982-87, which, Company has been legally advised,
 are in any event extinguished and time barred
 
 6. a) Sundry creditors include Rs.587 lacs (previous period Rs.850
 lacs) due to suppliers covered under the Interest on Delayed Payments
 to Small Scale and Ancillary Industrial Undertakings Act, 1993, to the
 extent such parties have been identified from the available
 information. The Company has not received any claim for interest from
 any supplier under the said Act.
 
 The names of small scale industrial undertakings, as identified by the
 Company based on information provided by its suppliers, to whom the
 Company owes any amount which is outstanding for more than 30 days as
 at March 31, 2007 are:
 
 -   EMI Transmission Limited  -   International Transmission
 -   Industrial Forging        -   Ratlam Wires Private Limited
 
 b) The Company is in the process of identifying the Micro, Small and
 Medium Enterprises, as defined under the The Micro, Small and Medium
 Enterprises Development Act, 2006. However, based on the information
 so far available with the Company i.e. upto April 27, 2007, in respect
 of enterprises so identified there are no delays in the payment of dues
 to such enterprises.
 
 7. The Company is primarily engaged in the Transmission Lines business.
 As such there is no other separate reportable segment as defined by
 Accounting Standard (AS) 17 Segment Reporting
 
 8. Disclosures in respect of Company's operating lease arrangements,
 entered on or after April 1, 2001, under Accounting Standard (AS) 19
 Leases,
 
 a) General description of the Company's operating lease arrangements:
 
 The Company has entered into operating lease arrangements primarily for
 office premises, site offices and residential premises for its
 employees. Some of the significant terms and conditions of the
 arrangements are:
 
 agreements may generally be terminated by either party by serving a
 notice period;
 
 the lease arrangements are generally renewable on the expiry of the
 lease period subject to mutual agreement;
 
 the Company shall not sublet, assign or part with the possession of the
 premises without prior written consent of the lessor.
 
 b) Lease rent in respect of the above, charged to the profit and loss
 account Rs.81 lacs (previous period Rs.36 lacs).
 
 9. Previous period's figures have been recast/regrouped wherever
 necessary.
 
 10. The current financial year is of 12 months, whereas the previous
 financial period was of 9 months. Therefore the corresponding figures
 of the previous financial period are not directly comparable with those
 of the current year.