1 (a) Rights etc. attached to Equity Shares :

Equity shares having face value of Rs. 10/- per share.Each shareholder is eligible for one vote per share held.

(b) Details of shares held by the shareholders holding more than 5% of the aggregate shares in the Company:

Notes

2 Additions to Capital Reserve amounting to Rs. Nil (Rs. 3,21,51,383/-) represents reinstatement of Interest receivable / Loan receivable from a Company upon determination of its realisability which was written off as “Nil” upon amalgamation/ merger of group companies in earlier years on fair value approach as per scheme of amalgamation approved by the court and Rs. Nil (Rs. 48,58,058/-) arising out of amalgamation of Indokem Limited with Khatau Capacitors Private Limited and Indokem Exports Limited in Previous Year

3 Deduction in Capital Reserve amounting to Rs. 48,58,058/- is on account of disposal of investment of Khatau Capacitors Private Limited in the shares of Indokem Limited acquired during amalgamation of Indokem Limited, Khatau Capacitors Private Limited and Indokem Exports Limited during 20142015 as per the scheme of amalgamation and represents difference between cost and face value of the said investment.

4 In previous year, depreciation of earlier years charged to Profit & Loss A/c represents impact on opening WDV of Fixed Assets due to adoption of depreciation method as per Companies Act 2013.

Notes: Details of Security & Terms of Repayment

i) Vehicle loan amounting to Rs. 7.82 lakhs (Rs. 18.99 lakhs) repayable in monthly installments, last installment due on 10th November 2017 and is secured against specific vehicle

ii) Vehicle loan amounting to Rs. 82.11 lakhs (Rs. Nil) repayable in monthly installments, last installment due on 7th February 2021 and is secured against specific vehicle

iii) Vehicle loan amounting to Rs. 8.56 lakhs (Rs. Nil) repayable in monthly installments, last installment due on 5th September 2019 and is secured against specific vehicle

iv) Vehicle loan amounting to Rs. 6.40 lakhs (Rs. Nil) repayable in monthly installments, last installment due on 5th September 2019 and is secured against specific vehicle

v) Loans from related parties are generally of long term nature. However no repayment schedule is specified

5. Contingent Liabilities:

a) Disputed Income Tax demand in appeal Rs. 777.97 lakhs (Rs. 611.82 lakhs).

b) Sales Tax demand amounting to Rs. 30.49 lakhs (Rs. 30.49 lakhs), under appeal (Net of paid Rs. 3.15 lakhs)

c) Interest demand on Service Tax Rs. 2.78 lakhs (Rs. 2.78 lakhs)

d) Claims against the Company not acknowledged as debts Rs. 74.25 lakhs (Rs. 84.25 lakhs)

e) Custom Duty, if any payable in the event of non-fulfillment of export obligations in respect of Advance License availed amounting to Rs. 26.46 lakhs (Rs. 30.27 lakhs).

6. a) Secured Loan of Rs. 1410 lakhs due to a bank in pursuant to One Time Settlement reached in the

past has been settled during the year for Rs. 1850 lakhs (Net of margin money of Rs. 27.04 lakhs). The impact of additional interest amounting to Rs. 164.06 lakhs and gain on settlement of principal amount of Rs. 68.15 lakhs is accounted during the year.

b) As regards the old debtors amounting to Rs. 306.52 lakhs, since the Company is in process of recovering these amounts, no provision has been made for doubtful debtors.

c) The inventories of Ankleshwar Plant brought to Mumbai has been valued at Rs. 186.25 lakhs at the year end is as certified by the management only.

7. In the opinion of the Board, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. The provision for depreciation, and all known liabilities are adequate and not in excess of the amounts considered reasonably necessary. No personal expenses have been charged to revenue accounts.

8. In the absence of necessary information relating to the suppliers registered as Micro, Small and Medium Enterprises under the Micro, Small and Medium Enterprises Development Act, 2006, the Company has not been able to identify such suppliers and disclose the information required under the said Act relating to them.

9. In the opinion of the management no provision for impairment in the value of fixed assets of Ankleshwar factory is necessary considering excess of realizable value of such fixed assets as against its carrying amounts in the books of accounts on overall basis.

10. In view of continuous losses, no provision has been made for Deferred Tax Asset (Net) arising out of carry forward losses, depreciation etc. as per prudential norms for recognition as specified in Accounting Standard No 22 on Accounting for taxes on income as issued by the Institute of Chartered Accountants of India. Debit balance of Deferred Tax Assets amounting to Rs. 5.72 lakhs representing balance transferred from one of the transferor companies viz. Khatau Capacitors Private Limited in pursuance to the Scheme of Amalgamation entered during last year has been written off under deferred tax expenses during the current year.

11. Interest paid on Loans includes a sum of Rs. 93.47 Lakhs (Rs. 95.42 lakhs) paid to Directors.

12. Previous period's figures have been regrouped / rearranged wherever necessary.