a) Bank guarantees given for Rs.137.47 (Previous Year Rs. 37.33)

b) Estimated Amount of Contracts remaining to be executed on capital account and not provided for Rs.25.00 (Previous Year Rs.809.74)

c) Claims against the Company not acknowledged as debts: Rs. 31.56 (Previous Year Rs. 31.56) d) Arrears of fixed cumulative Dividend is Rs 98.68 (Previous Year Rs. 23.86)

II. Pursuant to sanctioning of a Debt Restructuring package in terms of CDR LOA , the company has entered into a Master Restructuring Agreement (MRA) with all bankers during the FY 2011-12. In terms of the MRA, the Bankers have restructured and rescheduled the existing term loans and other facilities and their terms of repayment. Further the company was also sanctioned fresh term loans, which were fully drawn and utilized towards the completion of the expansion project. The breakup of such loans and the particulars of the terms and conditions of payment of interest and repayment of loans are given in Note No. 4.

III. During the year the company completed its expansion project and commenced production from the expanded project. The date of commencement was 31/03/2013. Accordingly the expenditure incurred on the project upto that date Rs.27,575.22, including pre-operative expenditure and interest during construction period, had been capitalized and included in fixed assets under appropriate heads. The preoperative expenditure Rs.530.92 relatable to the project incurred upto the date and the Interest on the loans borrowed for expansion attributable to the period upto the date had been allocated to various fixed assets on pro- rata basis. The depreciation has been provided accordingly.

IV. REVALUATION AND ACCOUNTING OF MINERAL DEPOSITS AND RIGHTS:

The management had revalued and accounted the value in respect of mineral deposits and mining rights, during the earlier financial year, based on an estimate of the mineral quantities by M/s. C.C.Geo Engineering Consultants (P) Ltd. and of the realizable value by M/s. G.S.Sekhar, Chartered Accountants. According to the accounting policy adopted in this regard, during that year, the amount so revalued and included in the Fixed Assets is Rs.10,725.59 on account of Mineral Deposits and Rs.2,933.41 on account of Mining Rights totaling to Rs.13,659.00 During the year an amount of Rs.728.32 (previous year Rs.728.32) has been provided as depreciation and an amount equal to such depreciation has been with drawn from the Mineral Capitalization Reserve.

V. SEGMENT REPORTING:

In terms of the Accounting Standard 17 relating to "Segment Reporting" , the company operated only in Cement business segments during the year and operates only in one geographical segment viz. India. Considering the source and nature of risks and returns the business segment will be the primary segment for this purpose and there are no secondary segments. Consequently, in view of the management based on control purposes, there are no reportable secondary segments in terms of the AS and hence the requirements there-under are not applicable to the company for the year.

VI. RELATED PARTY TRANSACTIONS:

The Company has no related parties other than the key management personnel and relatives of such personnel in terms of Accounting Standard 18, in respect of the related party disclosure. The company paid remuneration to the Chairman, Managing Director, and Whole time Director among the key management personnel of Rs.24.00 each (Previous Year of Rs. 24.00 each) respectively. The company has no related party transactions with the relatives of key management personnel. In addition, the Company has paid Rs.2.00 (Previous Year Rs.1.44) as Directors Sitting fee to all the Directors.

VII. DEFERRED TAXATION:

Deferred Tax Liability included in the Balance Sheet comprises the following:

VIII. HOUSING SUBSIDY:

The Company has received a sum of Rs.10.75 from Government of India during earlier years for the purpose of constructing 50 tenements for housing to its personnel in its Limestone Mines. The Company has entered into an agreement with Government of India for a period of 20 years.

IX. The company has not received the required information from the suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the period end together with interest paid/payable as required under the said Act have not been made.

X. REALIZATION OF ASSETS:

The Board is of the opinion that the Assets other than Fixed Assets have a value on realization in the ordinary course of business at least to the amount at which they are stated.

XI. Consumption of Raw Materials and value of Inventories includes Royalty and other levies paid to Government to the extent of Rs. 293.38 (previous year Rs. 233.57).

XII. Previous Year figures have been regrouped wherever necessary to conform to the groupings adopted in these accounts.

XIII. The amounts except the Share data and quantitative information have been rounded off to the nearest Lakh rupees and fraction thereof up to two decimals.