1. As the Company´s business activity falls within a single primary business segment, viz., Lead Acid Storage Batteries, the disclosure requirements of AS -17 Segment Reporting, notified by the Companies (Accounting Standards) Rules, 2006 are not applicable.

2. The exceptional items as mentioned in item no. 8 represents translation loss/(gain), due to rupee depreciation / appreciation, against foreign currency assets/liabilities accounted as per AS - 11 The effect of changes in Foreign Exchange Rates, notified by the Companies (Accounting Standards) Rules, 2006.

3. The earnings per share is restated for both current and previous period consequent to the issue and allotment of bonus shares on October 18, 2008 in accordance with AS - 20 Earnings Per Share, notified by the Companies (Accounting Standards) Rules, 2006.

4. The board has recommended a final dividend of Rs.0.80 per share subject to the approval of the shareholders at the ensuing Annual General Meeting.

5. Previous year / period figures have been re-grouped / re-classified wherever necessary to conform to current year figures.

6. The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on June 01, 2009.

Dr. Ramachandra N Galla
Chairman