i) Rights, Preferences and restrictions attaching to each class of
 shares including restrictions on distribution of dividends and
 repayments of capital:
 
 The Company has one only class of equity shares having a par value of
 Rs.10 each. Each shareholder is eligible for one vote for every share
 held. The dividend approved by the shareholders in any annual general
 meeting and in case of an interim dividend dividend is payable to the
 equity shareholders in proportion to their holding.In the event of
 liquidation, the equity shareholders are eligible to receive the
 remaining assets of the Company in proportion to their shareholding.
 
 ii) Terms of any securities convertible into Equity/Preference Shares
 issued alongwith earliest date of conversion in descending order
 starting from earliest such date:
 
 There are no securities convertible into equity or preference shares
 
 iii) Shares reserved for issue under option and Contract/ Commitments
 for the sale of shares /disinvestment including terms and amounts:
 
 There are no shares reserved under any option
 
 Nature of Security and details of guarantee
 
 a The above facilities are secured on first charge on the specific
 fixed asets acquired besides a charge on all other fixed assets b All
 the above facilities pursuant to an agreement rank pari passu amongst
 the bankers and the company, c An equitable mortgage by deposit of the
 title deeds for the credit facilities availed, besides secured by
 mortgage of the personal property of the Joint Managing Director d
 Managing Director and three other directors have furnished their
 personal guarantee to bankers for the loans so availed, e The details
 of security listed above also covers current maturities of long term
 debts for the above term loans
 
 (ii) Nature of Security and terms of guarantee
 
 a The above facilities are secured by way of hypothecation and / or
 pledge of stocks in trade, besides a first charge on its fixed assets,
 b All the above facilities are persuant to an agreement rank pari passu
 amongst the bankers and the company has created an equitable mortgage
 by deposit of the title deeds for the credit facilities availed. The
 equitable mortgage is listed with the Registrar or Assurances, while a
 charge is registered with the Registrar of Companies, c The Loans are
 further secured by mortgage of the personal property of the Joint
 Managing Director, d Managing Director and three other directors have
 furnished their personal guarantee to bankers for the Loans so availed.
 
 Nature of Security and details of guarantee
 
 a The above facilities are secured on first charge on the specific
 fixed asets acquired besides a charge on all other fixed assets b All
 the above facilities pursuant to an agreement rank pari passu amongst
 the bankers and the company, c An equitable mortgage by deposit of the
 title deeds for the credit facilities availed, besides secured by
 mortgage of the personal property of the Joint Managing Director, d
 Managing Director and three other directors have furnished their
 personal guarantee to bankers for the loans so availed, e The details
 of security listed above also covers current maturities of long term
 debts for the above term loans
 
 Nature of Security and details of guarantee
 
 a The above facilities are secured on first charge on the specific
 fixed asets acquired besides a charge on all other fixed assets b Ail
 the above facilities pursuant to an agreement rank pari passu amongst
 the bankers and the company, c An equitable mortgage by deposit of the
 title deeds for the credit facilities availed, besides secured by
 mortgage of the personal property of the Joint Managing Director d
 Managing Director and three other directors have furnished their
 personal guarantee to bankers for the loans so availed, e The details
 of security listed above also covers current maturities of long term
 debts for the above term loans
 
 A Contingent Liabilities:
 
                                          Current Year     Previous Year
                                            As at 31st        As at 31st
 No     Particulars
                                            March 2012        March 2011
                                                Rs.               Rs.
 
 a)   Claims against the Company not 
 acknowledged as Debt                        1,190,000         1,190,000
 
 b)   Claims against the Company 
 acknowledged as Debt
 
                                               433 591              -
 
 The company is liable to pay electricity 
 tax on own generation which is disputed in a     
 writ petition before Madras High Court which 
 had granted a stay against such levy.
 
 c)   Guarantees                            4,442,354          4,442,354
 
 d)   Other money for which the Company 
 is contingently liable
 
 B In the opinion of the Board of Directors, any of the assets other
 than fixed assets and non-current investments do not have a value on
 realisation in the ordinary course of business at least equal to the
 amount at which they are stated, the fact that the Board is of that
 opinion, shall be stated 11 The amount remitted during the year in 
 foreign currencies on account of dividends with a specific mention 
 of the total number of non-resident shareholders, the total number 
 of shares held by them on which the dividends were due and the year 
 to which the dividends related;
 
 ii) Defined benefit plans
 
 The company has an unfunded defined benefit gratuity plan. Every
 employee who has qualified and completed five years or more of service
 gets a gratuity on separation equal to 15 days salary (last drawn
 salary) for each completed year of continuous service or part thereof
 in excess of six months, subject to a maximum laid down by law.
 
 The company has undertaken an actuarial valuation in respect of
 gratuity liability and provides for it in its books of accounts; but
 does not contribute the amount to any fund or trust.