1.  Estimated amount of Contracts remaining to be executed on Capital
 Accounts and not provided for (net of advances) Nil (previous year Nil)
 
 2 Contingent Liabilities not provided for:
 
 a) Guarantees given by banks on behalf of the company Rs. 292.94 lakhs
 (previous year Rs 178.07 lakhs)
 
 3.  The shareholders of the company at the EGM held on February 18,
 2002 passed a resolution for reduction of capital. In terms of the
 resolution, the existing equity share capital of 86,08,754 will be
 reduced to 10,00,000 Equity Shares by repaying Rs. 16 crores of excess
 cash available with the company to the shareholders holding 76,08,754
 shares. The High Court of Karnataka has confirmed the Reduction of
 Capital vide its Order dated October 23, 2002. However, the Registrar
 of Companies, Bangalore has not registered the Order and has advised
 the company to comply with certain requirements. In view of this , the
 company has filed a petition with the High Court of Karnataka, the
 decision of which is awaited and accordingly the effect of the Order
 has not yet been given in the books of account.
 
 4. Advances recoverable in cash or in kind for values to be received
 includes. Rs. NIL /-(previous year Rs. NIL/-) due from the Officer of
 the Company. Maximum amount due at any time during the period
 Rs.50,000/- (Previous year Rs 3,35,270/-)
 
 5. A sum of Rs. Nil (Rs. Nil) is due to Small Scale Industrial
 Undertakings, to the extent such parties have been identified on
 available information with the company. There are no amounts remaining
 outstanding for more than 30 days (but within the normal credit period)
 as on 31-May-03.
 
 6. Previous years figures have been regrouped and rearranged wherever
 necessary to conform to the classification for the year.