1.  SEGMENT REPORTING:
 
 The company is principally engaged in single business segment Viz.,
 Iron and Steel Products and operates in one geographical segment as per
 Accounting Standard 17 on Segment Reporting. Accordingly no segment
 reporting has been made by the company.
 
 2.  RELATED PARTY DISCLOSURE:
 
 As Per Accounting Standard -18 issued by the Institute of Chartered
 Accountants of India, the disclosures of transactions with related
 parties as defined in the Accounting Standard are given below:-
 
 a.  Subsidiaries, step down subsidiaries, associates and joint
 ventures:
 
 Subsidiaries:
 
 Surana Power Limited
 
 Surana Green Power Limited
 
 Surana Mines and Minerals Limited, Singapore
 
 Uday Energy India Pvt. Ltd.
 
 b.  Step down Subsidiaries:
 
 1). PT Borneo Mines and Minerals Limited, Indonesia
 
 3.  The Company has so far not received information from vendors
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act, 2006 and hence disclosure relating to amounts unpaid
 as at the year-end together with interest paid / payable under this Act
 have not been given.
 
 4.  As per Accounting Standard (AS-15) Employee Benefits, the
 disclosure of employee benefits as defined in the Accounting Standard
 is given below:
 
 5.  Figures in financial statements and notes have been rounded off to
 nearest rupee. Quantity figures have been rounded off to the nearest
 metric tons.
 
 6.  Previous year''s figures have been regrouped, recast and re
 arranged wherever found necessary.