The Company has received the intimation from Insurer that it has approved the insurance claim; relating to free incident during the financial year 2010-11, for Rs.17160 thousand. For this claim the company had made provision of Rs. 33362 thousand. The company; not being satisfied with the claim approved by the insurer, has referred such matter to the appellate forum and the first appellate forum is arbitration. Company has received Interim Payment of Rs. 12870 thousand during the financial year 2014-15,which has been credited to Insurance Claim Receivable.

Pending decision of the appellate forum; no provision for loss [the difference between the insurance claim as per books of account and claim approved by the insurer] has been made in the books of account. Adjustment if any, arising upon the settlement of claim will be made in the year when the insurance claim is finally settled.

Note 2: Notes On Accounts:

1. In the opinion of the management, current assets including trade receivables, loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the books. Howvever, certain balances under Trade Receivables, Loan and Advances are subject to confirmation.

2. Previous year figures have been regrouped and rearranged wherever necessary to suit the present year layout.