1. The above results have been reviewed by the audit committee and taken on record by the Board of Directors of the Company at their meeting held on April 29, 2009. The same are subject to Limited Review by the statutory auditors of the Company.

2. The Company achieved sales of Rs 908.39 crores as compared to Rs 724.79 crores in the corresponding quarter of the previous year, an increase of 25.33%. For the twelve months ended March 31, 2009, the Company recorded net sales of Rs 2966.38 crores compared to Rs 2,170.41 crores during the previous year, representing a growth of 36.67%.

3. Exports of manufactured products increased by 21.88% at Rs 250.02 crores for the quarter; however, total exports for the quarter decreased by 32.74% to Rs 259.27 crores as compared to Rs 385.45 crores in the corresponding quarter of the previous year. Manufactured exports for the year ended March 31, 2009 were at Rs 996.89 crores compared to Rs 755.94 crores, which represents a year-on-year growth of 31.87%.

4. The entire operations of the Company relate to only one segment viz., textiles. The risk and returns are generally perceived by the management to be the same for all units and thus treated as one segment.

5. The Terry Towel plant at Vapi and the Continuous Polymerization plant at Rakholl / Sally, Silvassa for production of Partially Oriented Yarn from PTA and MEG were commissioned for commercial production during the quarter.

6. The figures of previous quarter / period have been reclassified / regrouped wherever necessary to correspond with those of the current quarter / period.

Dilip B Jiwarjka
Managing Director