1. The operations of the company relate to only one segment viz., automotive vehicles and parts. 2. The directors have declared an interim dividend of Re. 0.70 per share absorbing a sum of Rs.1946 lakhs (including dividend distribution tax) for the year ended March 31, 2009 and the same will be paid to the shareholders. 3. (a) Exceptional item of Rs 327 lakhs for the year ended March 31, 2009 represent accelerated amortisation of moulds and dies of slow moving models. (b) Exceptional items of Rs. 1192 lakhs for the year ended March 31, 2008 represent - Rs. 1893 lakhs towards profit on sale of land - Rs. 1171 lakhs towards accelerated amortisation of moulds and dies of slow moving models - Rs. 1914 lakhs towards accelerated amortisation of deferred product launch expenses on certain motorcycle variants 4. As per the notification dated March 31, 2009 issued by Government of India on accounting standard AS11 the company has opted to adjust the changes in foreign exchange rates relating to long term foreign currency monetary items to the carrying cost of fixed assets and to foreign currency monetary item translation difference account. Accordingly effect of restatement of Rs 6120 lakhs relating to depreciable capital asset has been added to carrying cost of such assets. Gains from changes in foreign exchange rates earlier credited to profit & loss account to the extent of Rs 2370 lakhs has been reduced from general reserve. Effect of exchange rates relating to long term foreign currency monetary items (not relating to acquisition of capital assets) is reflected through foreign currency monetary item translation difference account. Consequential changes in depreciation has been effected during the current year. 5. Interest and finance charges of Rs 219 lakhs for the year ended March 31, 2008 is net of gain of Rs 2680 lakhs on re-statement of foreign currency loans and deposits. 6. During the year the company made the following investments in its subsidiaries: (a) Rs. 1850 lakhs in the shares of its wholly owned Indian subsidiary namely Sundaram Auto Components Limited by way of subscription to 37,00,000 equity shares of Rs. 10/- at a premium of Rs. 40/- per share (b) Rs 6068 lakhs (USD 13.35 million) in its wholly owned foreign subsidiary namely TVS Motor (Singapore) Pte Ltd which in turn invested in the equity of the subsidiary namely PT TVS Motor Company, Indonesia 7. The consolidated financial results which have been prepared in accordance with generally accepted accounting principles and comply with Accounting Standard 21 on Consolidated Financial Statements, issued by the Institute of Chartered Accountants of India, include the following: -----------------------------------------------------------------------------------------------------------------Name of the Company % of shareholding and voting Segment Consolidated as Period/ year power of TVS Motor Company Ltd. ended ---------------------------------------------------------------------------------------------------------------------- (a)Sundaram Auto Auto Subsidiary March 31, 2009 Components Ltd 100% Components (b)TVS Finance and 39.74% Financial Associate March 31, 2009 Services Ltd Services (c)TVS Motor (Singapore) 100% Investment Subsidiary March 31, 2009 Pte Ltd (d)TVS Motor Company 100% Investment Subsidiary March 31, 2009 (Europe) B.V (e)PT TVS Motor Company 54% held by (c) & Automotive Subsidiary March 31, 2009 Indonesia 46% held by (d) Vehicles & parts (f)TVS Andina S.A 26.00% Automotive Joint Venture December 31, Vehicles Company 2008 & parts ------------------------------------------------------------------------------------------------------------------------ Results of TVS Lanka Pvt Ltd, Sri Lanka, an associate company in which the company holds 20% equity shares have not been included in this consolidation pending approval of their accounts by their Board. 8. Previous year´s figures have been regrouped, wherever necessary, to conform to the current year´s classification. 9. The above financial results for the year ended March 31, 2009 have been reviewed by the audit committee of the board and have been approved by the board at their meeting held on June 26, 2009.