1. The main business of the Company being seasonal the figures for the current financial year are not comparable with those of the earlier financial year.

2. Inter-segment transfers are recorded at cost except Bagasse and Molasses, cost of which is unascertainable and which are recorded at prevalent market price.

3. Crushing for the season 2008.09 commenced on October 10, 2008 and concluded on March 01, 2009.

4. The board has recommended dividend of Rs 0.25 per share of Rs 1 for the year ended March 31, 2009.

5. The Proceed of the right issue amounting to Rs 1800 lakh have been utilised for the purpose of stated in the offer document.

6. The above results are reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on June 13, 2009.

P V Shirgaokar
Managing Director