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ANNUAL REPORT 2018 - 2019

During the year,the total income of the Company rose by approximately 35.12% at ` 45848.74 Lakhs as compared to
` 33930.64 in the previous year.The Company’s expenditure outgo also increased by 38.19 % approximately which
stoodat 42117.42Lakhsintheyearunderreviewascomparedto 30477.71Lakhsinthepreviousyear.` `

RESULTSOFOPERATIONS :
( ` in Lakhs)
Income Year ending 31.03.2019 Year ending 31.03.2018

Income from sale of products (Gross) 45054.58 33096.83

Sale of Services - Engineering 106.92 108.03
Export Incentives 344.79 224.52

Other Income 342.45 501.26

Total Income 45848.74 33930.64

Thegrossrevenuefromsalesincludesexportrevenueof ` 19334.92 Lakhsanddomesticsalesof `26171.03 Lakhsi.e.
approximately61%ofdomesticsalesand39%ofexportsalesduringtheyearunderreport.

SAFEHARBOURCLAUSE :

Certain statements in this Report describing the Company’s objectives, projections, estimates, expectations or
predictions may be“forward looking statements”within the meaning of applicable securities laws and regulations.
Actual results could differ from those expressed or implied. Important factors that could make difference to the
Company’s operations include global and Indian demand-supply conditions, finished goods prices, availability and
prices of raw materials, changes in Government regulations,Tax regimes, economic developments within India and
the Countries in which the Company conducts business and other ancillary factors.Your Company is not obliged to
publicly amend, modify or revise any forward looking statements, on the basis of any subsequent development,
informationoreventsorotherwise.

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MANAGEMENT DISCUSSION AND ANALYSIS