1. The above results as reviewed by the Audit Committee have been approved by the Board of Directors at its meeting held on May 16, 2009.

2. Segment reporting as required by AS-17 is not applicable as the company operates in one single primary business segment i.e. Tyres.

3. The company has completed commissioning of OTR Radial plant at Chopanld (Rajasthan). The company has, for time being, put on hold its plan to set up a green field tyre plant into SEZ in view of recessionary market conditions across the globe.

4. The exchange difference represents difference in foreign exchange rates on all Foreign currency denominated accounts outstanding at the year/period ends.

5. The diluted EPS has been calculated after taking into account conversion of balance amount of FCCB of USD 22 million as per the provisions of Accounting Standard (AS — 20) issued by The Institute of Chartered Accountant of India.

6. The Board of Directors has recommended Dividend or Rs.6 (60%) per equity share or Rs.10/- each, which would entail cash outgo of Rs. 1357 lacs Inclusive of Dividend Tax.

7. Figures for the previous period / year have been regrouped / reclassified wherever necessary.

Arvind Poddar
Vice Chairman & Managing Director