2. 8,50,000 - 6% Cumulative Redeemable Preference Shares of Rs.100/- each issued and alloted on 24-02-2010 are redeemable in one instalment on expiry of ten years from date of allotment in February, 2020. No provision for payment of Dividend of Rs.51.00 lakhs and applicable corporate tax thereon for the financial year ending 31-03-2015 has been made due to carry forward losses. The cumulative dividend payable as on 31-03-2015 amounts to Rs.102.00 lakhs and the applicable corporate tax thereon.

3. (i) The Company has only one class of equity shares referred to as equity shares having a face value of Rs 10/- each. Each holder of equity shares is entitled to one vote per share.

(ii) The details of shareholders holding more than 5% shares as at 31st March, 2015 and 31st March, 2014 are set out below :

4. There are no derivative financial Instruments either for hedging or for speculation outstanding as at the Balance Sheet date.

5. Current Ta x provision net of MAT credit entitlement of Rs.66.62 lakhs is NIL.

6. Deferred Ta x Assets /Liabilities comprises timing differences on account of :

Notes :

The Company has two main business segments ie (a) Weaving Machinery Comprising of looms accessories and spares and (b) Other Engineering Services Comprising of accessories and spares of Textile Machinery and parts for machine tools including Tool holders.

The Secondary geographical segment considered for disclosure are Revenue from customers located within India (Domestic Segment) and Revenue from customers located outside India (Export Segment).

7. As defined under Micro, Small and Medium Enterprises Development Act, 2006 the disclosure in respect of the amount payable to such enterprises as at 31.03.2015 has been made in the financial statement based on information received and available with the company.

8. Figures have been rounded off in terms of decimals in thousands and previous year figures have been regrouped/rearranged wherever necessary.