1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 20, 2009.

2. Your Directors have recommended a Dividend of Rs. 15/- Per equity share of Rs. 10/- each.

3. During the year, the Company has changed the basis of valuation of Inventories from Standard Cost to Weighted Average Cost. As a result, the value of Inventories and the Profit for the year are more by Rs 4,39,83,774/-.

4. Consolidated results include financial results of LMW Textile Machinery (Suzhou) Co. Ltd, the wholly owned subsidiary, whose operations as on commenced as on March 31, 2009.

5. Figures of the previous year /quarter have been regrouped /rearranged wherever necessary.

Dr. D Jayavarthanavelu
Chairman & Managing Director