The company has only one class of Equity share having a Par Value of Rs.10/- each. Each holder of equity share is entitled for one vote per share. The company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to approval by the share holders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2) From State Bank of India

I) Term loan of Rs. 1.00 Crore from State Bank of India was sanctioned on 16/04/14 for a period of 5 years. Current EMI per month is Rs. 1.67 Lacs.

Note : Secured against Registered Mortgage on Factory land & building situated at C12, M.I.D.C., Ambad, Nashik-422010

a) Estimated amounts of contracts remaining to be executed on capital account but not provided Rs. 61.25 (Previous year Rs. 3.17).

b) For Income Tax (Disputed at various higher authorities) Rs. 64.45 (Previous year-64.45)

3) The company is in process of compiling the data of suppliers which are covered under the "Micro, Small & Medium Enterprises Development Act, 2006". Hence the details pertaining to that are not disclosed separately. However, Out of the total Trade payables Rs. 507.93 lacs ( Previous Year Rs. 490.54 lacs ) are due to Small Scale Industrial Units. No amount is outstanding for more than 30 days with SSI Units. Information regarding small scale industrial undertakings has been determined to the extent such parties have been identified on the basis of information available with the company. This has been relied upon by the auditors.

The Company has single scheme for payment of gratuity to all eligible employees calculated at 15 days of last drawn Salary, depending upon tenure of service for each year of completed service, subject to minimum service of five years, payable at the time of separation upon superannuation or on exit otherwise.

(i) In respect of Defined contribution schemes-

a) The Company contributes 12% of Salary for all eligible employees towards Provident Fund managed by the Central Government.

b) The Company also contributes a certain percentage of Salary for all eligible employees in managerial cadre towards Superannuation Funds managed by approved trusts or by Life Insurance Corporation of India.

4) Segment Information:

a) Primary Segment:

The Company is exclusively engaged in the business of designing and manufacturing of propeller Shafts and other accessories required for automotive, industrial and other applications. These in the context of Accounting Standard 17 on Segment Reporting issued by the Institute of Chartered Accountants of India, are considered to constitute one single primary segment.

5) Consequent to enactment of Companies Act,2013(the Act) and its applicability for accounting periods commencing from 01-04-2014, the company has recalculated the remaining useful life of Fixed Assets in accordance with provisions to Schedule II to the Act. In case of Fixed Assets which have completed their useful life in terms of Schedule II of the Act the carrying value (net of residual value)of such assets as on 1st April 1st, 2014 has been adjusted to Retained Earnings and in case of other fixed assets the carrying value (net of residual value) is being depreciated as per straight line method over the re-calculated remaining useful life. The depreciation expenses charged for the year ended 31st March, 2015 is higher by Rs.157.93 lacs, had the company continued with the previously prescribed depreciation rates as per Schedule XIV of the companies act, 1956.

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