1. In accordance with the Public Announcement on January 17, 2009, till March 31, 2009, the Company has bought back 2,13,560 Equity Shares at a cost of Rs 114.69 Lacs out of General Reserves, which were also extinguished and the share capital has been reduced to this extent. Subsequently after close of the accounting year, buy-back of 13,39,418 Shares has been made upto April 24, 2009, at a total cost of Rs 1003.90.

2. In accordance with the order of Honīble High Court of Rajasthan dt. November 30, 2007, the Company has utilized a sum of Rs 562.00 Lacs from the Securities Premium Account under the head īReserves and Surplusī towards making provision for deferred tax for the year under review.

3. Other income includes Rs 1330.82 Lacs, being infrequent and exceptional income in nature, on account of discharge of the liability of deferred sales tax loan of Rs 3174.68 Lacs which was repayable during July, 2013 to April, 2015 by paying Rs 1843.86 Lacs being the Net Present Value calculated as per the scheme of Government of Rajasthan. No provision for tax has been considered on the aforesaid capital receipt as per expert advice.

4. The Board of Directors has recommended dividend of Rs 5.50 (Rupees Five and Paise Fifty only) per share aggregating to Rs 1803.86 Lacs including dividend tax for the year ended March 31, 2009.

5. The company has only one business segment which is cement.

6. The above results have been reviewed by the Audit Committee and the same have been approved, by the Board of Directors of the Company at their respective meetings held on April 25, 2009.

7. Previous periodīs figures have been re-grouped and re-arranged wherever necessary.

K C Jain
Managing Director