SCHEDULE - 12 - TAX SHELTER STATEMENT - SEBI (Disclosure and Investor Protection Guidelines) 2000

SCHEDULE XII [ 1 (Clause 6.10.2.7(i)(iv))] TAX SHELTER STATEMENT YEAR ENDED MARCH 31 st 1991 1992 1993 1994 1995 (Rupees in lacs ) Tax at Notional Rate 28 70 89 546 675 Adjustments : Export Profits (4) (5) (20) (100) (120) Difference between Tax Depreciation and Book Depreciation (6) (8) (9) (10) (10) Other Adjustments 3 3 4 4 5 Net Adjustments (7) (10) (25) (106) (125) Tax Saving thereon : (3) (5) (13) (49) (58) Total Taxation 25 65 76 497 617 Taxation on extra-ordinary Items - 53 (68) 682 852 Tax on profits before extra-ordinary items 25 12 144 (185) (235) ******* 1 Substituted vide SEBI Circular No. SEBI/CFD/DIL/DIP/14/2005/25/1 dated January 25, 2005 for Clause 6.18.7.(viii) .