200906 - Quarter 1

1. The above Un-audited Stand-alone Financial Results have been
reviewed by the Audit Committee and
approved by the Board of Directors at their meetings held on July 29,
2009.										
2. The above Un-audited Standalone Financial Results for the quarter
ended June 30, 2009 have been
subjected to limited review by the Statutory Auditors of the
Company.					
3. The company has recognised all foreign currency translation
losses/(gain), for the quarter ended
June 30, 2009 in accordance with the provisions of Accounting
Standard 11 - The Effects of Changes
in Foreign Exchange Rates (AS 11). Interest includes such foreign
currency translation losses/
(gain) of Rs (10) lakhs; Rs. (10) lakhs; Rs. 137 lakhs and Rs. 562
lakhs for the quarter ended June
30, 2009; for the half year ended June 30, 2009; for the half year
ended June 30, 2008 and year
ended December 31, 2008 respectively.					

4. The Company along with its subsidiary, Rain Commodities (USA)
Inc.,  has completed the sale of
there entire holding of 11.50% in Petroleum Coke Industries Company,
Kuwait on July 14, 2009 for a
consideration of Rs. 7,658 lakhs and the sale of such investment
would be recognised in the quarter
ended September 30, 2009.					
					
5. During the second quarter ended June 30, 2009, 68 investor
complaints were received and
resolved. There were no complaints pending, both at the beginning and
at the end of the  quarter
which had to be resolved.					
					
6. The segment results are included and presented on consolidated
basis in compliance with
Accounting Standard - 17 Segment Reporting.					

7.The figures of the previous periods have been regrouped and
reclassified, wherever considered
necessary.