1. The above audited financial results were reviewed by the audit committee and approved by the Board of Directors on June 23, 2009.

2. The auditors of the Company in the report for the year ended March 31, 2009 have qualified for certain income tax related matters which are under dispute. Management´s estimate of the financial impact thereof is approximately Rs 150 lakhs. Based on legal advice, Management believes that no incremental provision is required for such income tax related matters.

3. Earnings per share is computed after considering the impact of dividend payable of Rs 40.64 lakhs on 8% non-convertible cumulative redeemable preference shares of Rs 508 lacs.

4. The Company´s operations predominantly relate to Milk and milk products. All other activities have been classified under others for segment reporting.

5. Previous year´s figures have been reclassified/regrouped wherever necessary to conform to current year´s presentation.

6. This is the first year in which the Company is preparing consolidated financial statements hence comparative numbers are not presented.

7. The Board of Directors had declared on June 16, 2009, an Interim Dividend of Rs 0.60 per equity share of Rs 2 each for the year 2008-09.

R G Chandramogan
Managing Director