

Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology
Safety, HealthandEnvironment Serving the Society
Directors’ Report
Management Discussion andAnalysis Report on Corporate Governance Financial Statements
For and on behalf of the Board of Directors
Mumbai
Sunil S Lalbhai
July 19, 2010
Chairman and Managing Director
provisionsoftheCompaniesAct,1956forsafeguarding
the assets of the Company and for preventing and
detecting fraud and other irregularities
iv) The attached annual accounts for the year ended March
31, 2010 were prepared on a going concern basis.
Auditors
Dalal and Shah, the Auditors of the Company, will retire
at the conclusion of the ensuing AGM. They have given
their consent to continue to act as the Auditors of the
Company for 2010-11, if reappointed.
The relevant notes forming a part of the accounts are self-
explanatory and give full information and explanation in
respect of the observations made by the Auditors in their
Report.
Acknowledgements
The Board of Directors expresses its sincere thanks to all
the customers, employees, investors, lenders, suppliers
regulatory and government authorities and stock
exchanges for their continuing support.