NOTES :
 
1. Sales are inclusive of Excise duty.
 
2. The Company's Spun Pipes and Foundries Unit continues to be under suspension of work (effective 2nd May, 2008). In view of non accessibility of records/documents etc., actual figures of revenue/expenses/capital employed of the Unit for the quarter ended / as at 30th June,2008 could not be ascertained for inclusion in the results and a contingency provision of Rs. 300 lacs [included in "Other Expenditure" {item 2(i) on page 1}] was created (which has been adjusted in 2008-09 on availability of records etc.) towards estimated loss for the quarter ended 30th June, 2008.
 
3. Provision for Current Tax for the quarter ended 30th June 2008 is net of Rs. 2142.72 lacs being excess provision for earlier years written back.
 
4. Exchange difference (being loss of Rs. 673.80 lacs ) on foreign currency loans relating to acquisition of depreciable fixed assets for the quarter ended 30th June, 2008 was expensed and included under "Other Expenditure" {item 2(i) on page 1} . However, consequent to exercise of the option, in terms of the Notification No.G.S.R. 225(E) dated 31st March, 2009 issued by the Ministry of Corporate Affairs, in the Annual Accounts of 2008-09, such exchange difference have been adjusted to the carrying amount of depreciable fixed assets. As a result of this, profit for the quarter ended 30th June, 2009 is lower by Rs. 429.95 lacs.
 
5. Period - end mark-to-market loss recognised in respect of outstanding derivative contracts is Rs. 608.55 lacs. (31-03-09-Rs. 1736.12 lacs; 30-06-08-Rs. Nil)
 
6. Clinker Plant {relating to expansion activities (taken up in 2006-07) at Company's Vasavadatta Cement Unit for 1.65 million ton capacity increase of Cement } has commenced commercial production on 1st June, 2009. The related cement plants are under trial run from 23rd June, 2009. Commercial Production of cement is expected in second quarter of 2009-10.
 
7. Pending disposal (consented by the shareholders in March, 2006) of the Company's Hindusthan Heavy Chemicals Unit, the revenue / expenses of the unit (insignificant in terms of the Company's total revenue / expenses) have been and will be included in these and subsequent results till its disposal.
 
8. The Company is yet to receive the Order from the High Court at Calcutta with respect to its application before the High Court for amalgamation of its wholly owned subsidiary, Bulland Buildmart Private Limited, with the Company. During the quarter ended 30th June, 2009 there was no revenue transaction in the subsidiary.

9. The number of investor complaints received, disposed off and lying unresolved at the quarter ended 30th June, 2009 are as under :
                                         Pending at the beginning of quarter - Nil
                                         Received during the quarter - 25
                                         Disposed off during the quarter - 25
                                         Lying unresolved at the end of quarter - Nil
 
 
10. Comparative figures have been regrouped or rearranged where considered necessary,
 
11. The Statutory Auditors of the Company have carried out the limited review of the above unaudited financial results for the quarter ended 30th June, 2009 in terms of Clause 41 of the Listing Agreement.
 

  By Order of the Board
   
Place : Kolkata
Date : 25th July, 2009
B. K. Birla
Chairman