1.FOREIGN CURRENCY TRANSACTIONS
(i) Outstanding Foreign Currency Loans have been converted into Indian
currency at the exchange rate prevailing at the date of Balance Sheet.
Consequent to exchange rate fluctuation a sum of Rs. 48.67 lacs (Previous year Rs. 22.55 Lacs) is being included in the cost of fixed
assets and foreign currency loan.
(ii) Realised gains and losses on foreign exchange transactions are
recognised in the Profit & Loss Account.
2. Interest on Term Loan payable to Industrial Development Bank of
India Rs. 513.50 lacs and to Unit Trust of India, Mumbai Rs. 130.94
lacs have been charged on paid basis. Company has applied for
reschedulement of loan with interest.
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