UNAUDITED FINANCIAL RESULTS FOR FOR THE QUARTER ENDED 30TH JUNE 2010

  Quarter Ended Period Ended
  Particulars Reviewed 30.06.10 30.06.09 Audited 31.03.10
(6 Months)
1 Gross Sales 80.36 86.55 228.38
  Less: Excise Duty 7.04 3.40 17.51
  Net Sales 73.32 83.15 210.87
2 Other Operating Income                                                   0.69 0.35 3.62
3 Total Income  74.01 83.50 214.49
4 Expenditure      
  a)  (Increase) / Decrease in Stock in trade and work in progress (43.35) 1.98 14.91
  b)  Consumption of Raw Materials        82.97 41.55 117.81
  c)  Power & Fuel 9.21 9.51 18.44
  d)  Employees Cost 3.41 3.27 6.00
  e) Depreciation 0.78 0.80 8.62
  f) Other Expenditures 15.71 6.62 23.17
  g) Total 68.73 63.73 188.95
5 Profit(loss) from operations before other income 5.28 19.77 25.54
  & interest      
6 Other Income                                                   0.02 0.01 0.01
7 Profit(loss) before interest 5.30 19.78 25.55
8 Interest & financial charges 1.41 1.73 3.22
9 Profit(loss)after interest  3.89 18.05 22.33
10 Tax expense 0.00 0.01 0.01
11 Net Profit/ (Loss) from ordinary activities after tax 3.89 18.04 22.32
12 Extraordinary Income/(Expense) 0.00 0.00 (14.03)
13 Net Profit/ (Loss) for the period 3.89 18.04 8.29
14 Paid-up Equity Share Capital (Rs.10 per share) 71.14 71.14 71.14
15 Reserves excluding Revaluation Reserves          ---          ---          ---
16 Earning Per Share (Rs.) - Basic &  Diluted(not annualised)      
  a) before extraordinary items 0.55 2.54 3.14
  b) after extraordinary items 0.55 2.54 1.16
17 Public Shareholding      
  -  Number of Shares  30411646 30412096 30412096
  - Percentage of  Shareholding             42.76 42.76 42.76
18 Promoters and Promoter Group Shareholding:      
  (I) Pledged/ Encumbered      
  -   Number of Shares 15125000 15125000 15125000
  -   Percentage of Shares (as a % of the total shareholding of  37.15 37.15 37.15
       Promoter & Promoter Group)      
  -   Percentage of Shares ( as a % of the total share capital  21.26 21.26 21.26
       of the company)      
  (ii) Non-encumbered      
  -   Number of Shares 25596475 25596025 25596025
  -   Percentage of Shares (as a % of the total shareholding of  62.85 62.85 62.85
       Promoter & Promoter Group)      
  -   Percentage of Shares ( as a % of the total share capital of the company) 35.98 35.98 35.98
 
 Notes:
1 Since the company has carried forward losses, the deferred tax assets have not been recognised considering the principle of virtual certainity as  stated in the AS-22 Accounting for Taxes on Income.
2 During the quarter 9  investor complaints  were  received, which were resolved by the company. 
3 Tax provision if any will be made at year end.
4 Figures have been regrouped wherever considered necessary.
5 These results have been taken on record by the Board of Directors at the meeting held on 30th  July 2010
 
Dated: 30th July 2010           Vineet Jain
Place :New Delhi              Managing Director