1.  The Company has two reportable business segments, namely, 
 i) Electro - porcelain Products and ii) Turnkey Projects.
 
 2 (a) The 925,000 Non-convertible, cumulative and Redeemable Preference
 Shares of Rs. 100/- each fully paid up bearing a coupon rate of 5% for
 the initial four years and thereafter @ 7.5% till redemption, allotted
 to Schroder Credit Renaissance Fund Ltd. and Schroder Credit
 Renaissance Fund L.P on 3rd October 2006 are to be redeemed on or
 before the end of 7 years from the issue date, i.e., 03rd October 2013.
 
 (b) 350,000 Non-convertible, cumulative, Redeemable Preference Shares
 Rs. 100/- each fully paid up have been allotted to Vensunar (P) Ltd. on
 13th July, 2009 at a coupon rate of 10% to be redeemed on or before
 28th February, 2013 .
 
 3.  Loans from Banks, both for Unit I (at Chennai) and Unit II (at
 Visakhapatnam) availed on Cash Credit, Packing Credit,WCDL and FCNRB
 are secured by the Hypothecation of Stocks of Raw Materials, Stores,
 Spares (not relating to Plant and Machinery), Work-in-Progress,
 Finished Goods, Book Debts and Documentary Bills and further secured by
 a Second Charge on the immoveable and moveable fixed assets of the
 respective Units of the Company ranking pari-passu among themselves for
 the units for which facilities have been extended based on the
 joint/individual documentation executed, subject to the first
 pari-passu charge created in favour of the Company''s term lenders in
 favour of-
 
 i) The Bankers under Consortium arrangement for the Working Capital
 facilities sanctioned by them for Unit I .
 
 ii) The Bankers for the Working Capital facilities sanctioned for Unit
 II.
 
 4.  First Charge has been created on the company''s immovable and
 movable fixed assets, present and future:
 
 a) In respect of the Term Loans availed and outstanding to banks,
 aggregating to Rs. 1,050.85 Million which shall rank pari passu among
 them.
 
 b) In favour of the concerned Bankers on specific assets acquired from
 the specific loans secured from them under the suppliers'' credit
 facility for which bills have been co-accepted by these banks.
 
 5.  Contingent Liabilities on account of:
 
 (i)   Letters of Credit in favour of suppliers 
       of Raw materials, Capital Goods, etc. 
       excluding the value of materials received 
       and bills accepted there against              60.51    58.52
 
 (ii)  Guarantees to Electricity Boards, 
       Government Departments and Undertakings      922.65   753.73
 
 (iii) Corporate Guarantees issued                   62.39    11.18
 
 (iv)  Customs Duty on Bonded Materials               5.86     2.85 
 
 (v)   Tax disputes
 
       a) Sales Tax                                      -     4.57
 
       b) Excise and Service tax                      0.21     0.39
 
       c) Income Tax                                  2.65     2.65
 
 6.  In the absence of information from the suppliers with regard to
 their registration with the specified authority, despite the company
 calling for such information, the company is unable to furnish the
 information, as required under the Companies Act, 1956 and the Micro,
 Small and Medium Enterprises Development Act, 2006.
 
 Notes to Segment Reporting 
 
 1 Business Segments: The Company has considered business segment as the
 primary segment for disclosure. The business segments are:
 Electro-porcelain products and Turnkey Projects.
 
 2 Geographical Segments: The geographical segments considered for
 disclosure are: India and Rest of the world.
 
 3 Segmental assets includes all operating assets used by respective
 segment and consists principally of operating Debtors, Inventories and
 Fixed Assets net of allowances and provisions. Segmental liabilities
 include all operating liabilities and consist primarily of Creditors
 and accrued liabilities.  Segment assets and liabilities do not include
 income tax assets and liabilities.
 
 7.  The Company''s shares are listed in Mumbai and National Stock
 Exchanges. The listing fees thereagainst have been paid up to date.
 
 8.  The previous year''s figures have been regrouped and rearranged
 wherever necessary.
 
 9.  Since the previous year''s figures include that of Unit II for a
 period of 9 months only, the same are not directly comparable with
 those of the current year.
 
 10.  Figures have been stated Rs.in Million.