| 1. There is pending dispute with Cotton Corporation of India for Rs.
19,13,148.00 and the dispute is referred to arbitration by Honorable
Madras High Court and arbitration award is pending. In fact the company
has claimed refund of Rs. 8,69,090.55 which is lying with them as
deposit.
2. There was a pending dispute with Central Excise authorities before
the Customs, Excise and Service Tax Appellate Tribunal, Chennai for
Rs.81.38 Lakhs and the case was set aside for re-hearing with
commissioner of central Excise authorities, Pudhucheri.
3. PERFORMANCE OF THE COMPANY: Nil
4. GENETIC NAME IF THREE PRINCIPAL PRODUCT/SERVICE OF THE COMPANY:
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