UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2001. (PROVISIONAL)

(Rs. in Lacs)

Particulars

Quarter

Year

Ended

Ended

30.06.2001

31.03.2001

Unaudited

Audited

Net Sales/Income from operations

Othet Income

Total Expenditure

24.07

78.81

Interest

NIL

NIL

Depreciation

19.19

23.65

Profit/(Loss) before Tax

(42.61)

(91.00)

Provision for Taxation

NIL

NIL

Net Profit/Loss

(42.61)

(91.00)

Paid-up Equity Share Capital

Fully paid-up (Rs. 10/- each)

919.01

919.01

Partly paid-up (Rs. 2.50/- each)

147.20

147.20

Reserves excluding revaluation reserves

67.78

108.99

Earning per share

NIL

NIL

Highlights

1) The above results have been taken on record at the meeting of the Board of Directors of the Company

held on 31st July, 2001

2) Provision for Taxation, if any will be at the end of the year.

3) Information pursuant to clause 42 of the listing agreement:

(Rs. in lacs)

* Projected figure

Unaudited figure

for the year ended

for the Qtr

31.03.2002

ended 30.06.2001

Profit before Tax

427.05

(42.61)

Profit after Tax

268.65

(42.61)

By Order of the Board

Place : Calcutta

Vijay Jain

Dated : 31st July, 2001

Managing Director