Status of Investor Complaints for the quarter ended March 31, 2009

Complaints Pending at the beginning of the quarter Nil

Complaints Received during the quarter 02

Complaints disposed off during the quarter 02

Complaints unresolved at the end of the quarter Nil

1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held April 21, 2009.

2. The Exchange (gain) /loss includes exchange gain of Rs 21.80 crores for the year ended March 31, 2009 as against exchange gain of Rs 7.17 crores for the year ended March 31, 2008 on account of restatement of advances received in foreign currency from customers against orders placed by them.

3. During the year ended March 31, 2009 Company allotted 269,272 equity shares to its employees under ESOP scheme.

4. Exceptional item includes diminution in the value of investments, by the Company in its overseas subsidiary.

5. The Company declared interim dividend of Rs 1.80 per share (90%) on paid up capital of Rs 36.69 crores to all these shareholders whose names appeared in the Registrar of Members on February 09, 2009, the record date fixed by Board of Directors.

6. Prior year comprehensives are regrouped / reclassified to conform to the current year´s presentation.

7. The Consolidated financial results for the year ended March 31, 2009, are summarised below:

For the year ended March 31, 2009:

Consolidated turnover - Rs 9796.00 million
Consolidated profit after tax - Rs 1219.40 million
Basic EPS (Face Value of Rs 2/- per share) - Rs 6.65
Diluted EPS (Face Value of Rs 2/- per share) - Rs 6.60

8. The Company operates only in one segment i.e. "Process and Project Engineering".

Shashank Inamdar
CEO & Managing Director