1. After Review by the Audit Committee, the above results were approved by the Board of Directors at the meeting held on May 04, 2009.

2. Includes Rs 791 Lacs(out of which Rs 123 Lacs received during the year), refund accrued on account of Regulatory Liability charges collected by Maharashtra State Electricity Distribution Company Ltd (MSEDCL) during the period Dec 2003 to Sep 2006 which MSEDCL has agreed to refund on the basis of Maharashtra Electricity Regulatory Commission order dated June 20, 2008.

3. In terms of Central Governments Notification no. S. G. R. 225 (E) dated March 31, 2009 amending the Accounting Standard (AS)11, the Company has exercised its option to adjust the foreign exchange loss of Rs. 1330 lacs to the cost of depreciable capital assets acquired out of the related foreign currency loans. This amount is inclusive of Rs. 396 lacs relating to and charged off in the previous year, with corresponding credit of Rs. 262 Lacs to General Reserve( net of deferred tax of Rs. 134 Lacs).

4. The Company has only one geographical and business segment (Synthetic Yarn).

5. Previous period’s figures have been appropriately regrouped and rearranged wherever necessary.

6. The Board of Directors has recommended dividend of Rs 5.00 per equity share for the year ended March 31, 2009 at their meeting held on May 04, 2009 (Previous year Rs 5.00 per equity Share).

G M Singhvi
Whole Time Director