1. The above results have been taken on record by the Board of Directors in their meeting held on May 07, 2008.

2. The Board of Directors have recommended a dividend of Rs 5 per share subject to the approval of shareholders at the Annual General Meeting.

3. Extraordinary Income for nine months ended December 31, 2006, fourth quarter and year ended March 31, 2007 represents profit on sale of units of Canfortune-94 Scheme.

4. The Company is primarily engaged in the business of tractors & self propelled harvester combines. As the basic nature of these activities are governed by same set of risk and returns, these have been grouped as single segment in above disclosures as per Accounting Standard 17 dealing with "Segment Reporting".

5. Provision for Employee Benefits has been made as per Revised Accounting Standard 15 of the Institute of Chartered Accountants of India.

6. Previous year figures have been regrouped / recast, wherever necessary.

Anjanikumar Choudhari
Chairman