1. The above financial results of the company for the year ended March 31, 2009 was duly reviewed by the Audit Committee on May 27, 2009 and approved by the Board of Directors at their meeting held on May 28, 2009.

2. The Board of Directors has recommended a final dividend of Rs 2.50 per Equity Share for the financial year 2008-2009.

3. Tax expense includes Current Tax, Deferred Tax and Fringe Benefit Tax.

3. Figures for previous periods have been regrouped and / or reclassified wherever considered necessary.

Details of Implementation of Projects (Rs in Lacs)


------------------------------------------------------------------------------------------------------------------------Particular of Projects					Envisaged in the		Invest in Projects upto							Prospectus			March 31, 2009		 ----------------------------------------------------------------------------------------------------------------------Setting up of facilities for Cable Manufacturing		                           in Coimbatore and Uttaranchal				4478.20				3875.00Setting up Development and Pilot Production for water heaters, fans, pumps at Himachal Pradesh and Coimbatore					567.11				442.50Investment for Setting up Serviceand Distribution centers at Bangalore,Hubli and  Vijaywada					956.52                          425.89Issue Management Expenses				486.95                          515.54General Corporate Purposes*				904.56				802.00----------------------------------------------------------------------------------------------------------------------Total							7393.34				6060.93-----------------------------------------------------------------------------------------------------------------------


The uses of IPO proceeds are as under (Rs. in Lacs)

---------------------------------------------------------------------------------------------------------------------Particulars								Amount----------------------------------------------------------------------------------------------------------------------Issue Proceeds								6560.00Funds to be Utilised(Invested in Mutual Funds & Bank deposit)				1058.90Funds Utilised								5501.10Internal Accruals							559.83Amount Invested in Projects						6060.93------------------------------------------------------------------------------------------------------------------------


*Out of the above the setting up of Enameling Plant at Coimbatore amounting to Rs 904.56 lakhs has been abandonded with the approval of the Shareholders vide Special Resolution passed in 12th Annual General Meeting on July 14, 2008 and the members also approved fund earmarked for this can be utilised for the general corporate purpose of company.