1. Under the Micro, Small and Medium Enterprises Development Act, 2006 and in accordance with the notification issued by the Ministry of Corporate Affairs, certain disclosures are required to be made relating to Micro and Small Enterprises as defined in the said Act. The company is in the process of compiling the relevant information from its suppliers about their coverage under the said Act and hence required disclosures could not be made.

2. Disclosure of discontinued operations of Wire /Engineering Division:

The operations of the Wire/ Engineering Division at Bangalore were permanently discontinued from October 2005 and the division was closed on 31.01.2006. The company has entered into agreements for joint development of land with the developers. As per the disclosure requirements under Accounting Standard (AS 24), the book value Rs. 84.95 lakhs of land property under joint development agreements, was shown separately under "Current Assets" as current investment in land property and the amounts received from intending buyers of Rs. 247.00 lakhs (previous year Rs. 314.00 lakhs) were shown separately under "Non-Current Liabilities" as other long term liability. There was a profit on sale of property Rs.58.63 lakhs considered as exceptional item during the year (previous year profit on sale of property (Rs. NIL).

3. Belated charges/overdue interest on delay in payment of statutory dues/liabilities have not been provided in the absence of demand for the same.

4. The balances of sundry debtors, sundry creditors, other liabilities, advance to suppliers for raw materials and spares, other advances including claims and deposits have been shown as appearing in the books of account and are subject to reconciliation and confirmation.

5. Lease payments:

The Company has not taken any assets under non cancellable operating lease agreements and hence no future lease payments.

6. Segment Reporting

The business activity and geographical operations of the company is in one segment of cement product and hence segment reporting is not applicable.

7. EARNING PER SHARE

Basic and diluted earnings/(Loss) per share (face value of Rs.l0/-each) calculated in compliance with the provisions of Accounting Standard 20 for the year ended 31.03.2016 comes to Profit Rs.6.65 (Previous year Rs.(9.48)).

The denominator for basic/diluted EPS is 16018139 Equity Shares of Rs.10/- each numerator is net profit of Rs. 10,68,37,963.77 for the year as per Statement of Profit and Loss (Previous year net Loss Rs. 15,15,53,621.11) and as decreased by the preference dividend for the year of Rs.2,70,186/- on "C" Cumulative Redeemable Preference Shares, which is not provided.

Therefore basic/diluted earning per share = Net Profit of Rs. 10, 65, 67,777.77/16018139 shares =Rs.6.65

8. Figures have been rounded off to the nearest decimal of Lakhs under Notes to Accounts.

9. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.