1. The above statement of Standalone and Consolidated Audited Financial Results as reviewed by the audit committee have been taken on record by the Board of Directors of the Company in its meeting held on April 30, 2009.

2. Consolidated Financial statement has been prepared in accordance with Accounting Standard-21 Consolidated Financial Statements.

3. (a) The Susbsidiaries which are consolidated in accordance with the Accounting Standard on Consolidated Financial Statements (AS-21) are Arjan Stampings Ltd, Sona Fuji Kiko Automotive Ltd & JTEKT Sona Automotive India Ltd.

(b) The company has joint control in Sona Auto Comp Europe SARL , Sona AutoComp Inc. USA, and AAM Sona Axle Pvt Ltd which are accounted under the proportionate consolidation method in accordance with Accounting Standard on Financial Reporting of Interest in Joint Ventures(AS-27).

4. The Company was in the process of construction of a plant at Singur in the state of West Bengal for supply of auto parts to Tata Motors Ltd primarily for use in the manufacture of its new small car Nano. In view of continued instability at Singur, Tata Motors Ltd has suspended the work at the location. As a result of this, the Management of the Company has also taken a decision to suspend the construction for the time being. The Company continues to hold the title to land and lease rent is being paid on time to the Government. A decision regarding the potential use of land and other infrastructure already created at the site is under consideration of the Management. Pending a detailed evaluation of options relating to the facility, the capital work in progress continues to be stated at the carrying cost.

5. Segment Reporting : The Company is primarily engaged in the business of Auto Components for Four Wheelers, which are governed by the same set of risk and returns and hence there is only one segment. The said treatment is in accordance with the guiding principle enunciated in the accounting standard on Segment Reporting (AS-17)

6. There was no exceptional/extra ordinary item during the financial year ended March 31, 2009.

7. Pursuant to Clause 41 of the Listing Agreement, the Managing Director and Chief Financial Officer of the Company have certified that the above financial results do not contain any false or misleading statement or figure and do not omit any material fact which may make the statements or figures contained therein misleading.

8. The previous year figures have been regrouped/recast whereever necessary.

9. EPS for the previous year has been adjusted in line with reduction in face value of equity share from Rs. 2/- per share to Rs. 1/- per share as required by AS-20.