The Company has declared its audited results for the year ended 31 st March 2008 . While the sales have remained flat at Rs.117.03 crores against Rs.118.71 crores in the previous year, the Profit before Tax has increased to Rs.5.66 crores against Rs.3.80 crores in the previous year, showing an increase of over 48%.

The Profit after Tax has increased to Rs.3.00 crores from Rs.2.18 crores, showing an increase of over 37%.

The Company has declared a dividend of 10% for the year ended 31 st March 2008 . The Company has returned to Dividend List after a gap of 12 years.

Meanwhile the Company's expansion plan is well under way, with the company having placed the order for a new Extrusion Press of 2700MT capacity in February 2008. The expanded capacity is expected to come into operation in June 2009.

Further, the Company has completed implementation of a project for Power Transmission and Distribution Line Hardware and the commercial production is expected to commence shortly.

The Company has filed the draft Letter of Offer for its Rights Issue of Rs.13.20 crores in the ratio of 33 shares for every 47 shares held at a price of Rs.4/- per share (Face value – Re.1/- per share + Premium Rs.3/- per share) with SEBI. The Rights Issue will be launched immediately after receiving approval of SEBI. ________________________________________________________________________________________