1. For the Year ended March 31, 2009: (StandAlone)
Gross Value of Total Business Handled - Rs 19812.47 lacs
(Including Agency Business)

2. Income from Exceptional Items includes profit from sale of a Fixed Asset for Rs. 543.50 Lacs and exchange fluctuation Loss of Rs. 19.94 Lacs.

3. The above results have been reviewed by the Audit Committee, and approved and taken on record by the Board of Directors of the Company at its meeting held on May 08, 2009. Audit of above results have been carried out by Statutory Auditors.

4. The scheme of amalgamation of Batliboi SPM Pvt.Ltd. with the Company w.e.f. April 01, 2007 has been sanctioned by the Honīble High Courts of Bombay and Karnataka. The results include the figures of erstwhile Batliboi SPM Pvt. Ltd., hence the results of financial year 2008-09 are not comparable with 2007-08.

5. Figures of the previous periods have been regrouped & reclassified wherever necessary and feasible, in order to make them comparable.

Nirmal Bhogilal
Chairman & Managing Director