1. The results for the nine months ended December 31, 2005 include the effect of the amalgamation of Santhanalakshmi Investments Private Limited (wholly owned subsidiary) with the Company effective May 1, 2005 as per the Order of the Hon'ble High Court of Madras dated September 28, 2005.
 
 
2. The Statutory Minimum Price of sugar cane for the sugar year 2002-03 notified on Decemeber 12, 2002 at Rs 645/MT was increased to Rs 695/MT on January 9, 2003. Since the increase was arbitrary the same was legally challenged by the South Indian Sugar Mills Association (of which the Company is a member) and the matter is pending before the Hon'ble Supreme Court of India. Based on legal advice, pending disposal of the cases, an amount of Rs 8.26 crore has not been provided in the accounts.
 
 
3. Other income for the current quarter as well as for 3 quarters ended December 31, 2005 includes Rs 22.85 crore being profit on sale of shares.Other income for the 3 quarters ended December 31, 2004 included Rs 23.12 crore representing profit on sale of shares, profit on sale of undertaking and one time dividend income from subsidiary company. 
 
 
4. During the quarter, Parrys Investments Limited became a wholly owned subsidiary of the Company and Parrys Sugar Limited, a wholly owned subsidiary was incorporated. 
 
 
5. The cogeneration power projects at the Company's sugar facilities at Pudukottai and Pugalur, setting up of a greenfield sanitaryware factory at Perundurai and the acquisition of the assets of New Horizon Sugar Mills Limited Pondicherry, are progressing well. 
 
 
6. The Company's wholly owned subsidiary, East India Sugars Private Limited, has been renamed as Parryware Glamourooms Private Limited (PGPL). Pursuant to the approval of the shareholders obtained through the process of postal ballot, the Board of Directors have approved the transfer of Parryware business as a going concern to PGPL effective, 'March 1, 2006, at book value.
 
 
7. During the third quarter, 6 investor complaints were received and were resolved. There were no complaints pending both at the beginning and end of the quarter.
   
   
8. The above statement of Unaudited Financial Results (Provisional) for the 3 quarters ended December 31, 2005 was approved by the Board of Directors at their meeting held on January 19, 2006.
   
   
9. The Statutory Auditors of the Company have carried out a Limited Review of Unaudited Financial Results for the 3 quarters ended December 31, 2005
   
   
10. Figures for the previous year have been regrouped wherever necessary.

       Chennai                                                                                                                             On behalf of the Board
January 19, 2006                                                                                                                             P. Rama Babu Managing Director

For the

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