1. The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on June 11, 2009.

2. The Audited Accounts are subject to review by the comptroller and Auditor General of India under section 619(4) of the Companies Act, 1956.

3. The Board of Director has recommended a final dividend of Rs 14 per share (having face value of Rs 10/-) in addition to interim dividend of Rs 4.50 per share (having face value of Rs 10/-) already paid for the financial year 2008-09. The total dividend (including interim dividend) for the financial year 2008-09 is Rs 18.50 per share (having face value of Rs 10/-). The above is subject to the approval of shareholders in Annual General Meeting.

4. Other Income for the year ended March 31, 2009 includes Rs 6017.04 Lakh on account of difference between wage revision liability as provided in books of accounts on estimated basis till March 31, 2008 and liability as worked out in terms of letter received from Ministry of Petroleum & Natural Gas, Government of India for pay revision of Board level and below. Board level executives and Non-Unioised Supervisors w.e.f. January 01, 2007.

5. Previous year´s / quarter´s figures have been recasted and / or regrouped wherever necessary to make them comparable with current year´s / quarter´s figures.

Mukesh Rohatgi
Chairman & managing Director