UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2008.
	Financial Position | Summary of Operations | Balance Sheet | Profit & Loss
	(Rs. In Lacs)

		Quarter Ended		Half Year Ended.		Year Ended
		30.09.2008	30.09.2007	30.09.2008	30.09.2007	31.03.2008
1	a) Net Sales/Income from Operations	5,228	4,139	13,280	8,177	23,250
	b) Operating Income	8	22	19	28	60
		5,236	4,161	13,299	8,205	23,310
2	Expenditure
	a) (Increase)/ Decrease in stock in trade	(31)	(291)	370	(825)	(259)
	b) Consumption of Raw Material	2,183	1,808	4,326	3,532	6,257
	c) Purchase of traded goods	39	-	2,686	349	6,610
	d) Consumption of Fuel, Power & Water.	1,178	667	2,240	1,278	2,854
	e) Employee Cost	375	290	691	610	1,301
	f) Excise Duty	213	397	399	752	1,293
	g) Other Expenditure	837	813	1,646	1,589	3,074
	h) Total	4,794	3,684	12,358	7,285	21,130
3	Profit from Operations before Other Income,
	Interest & Depreciation	442	477	941	920	2,180
4	Depreciation	250	236	499	468	960
5	Profit from Operations Before Other Income & Interest.	192	241	442	452	1,220
6	Other Income	3	2	7	7	13
7	Profit before Interest & Finance Charges	195	243	449	459	1,233
8	Interest & Financial Charges	67	114	190	209	544
9	Profit from Ordinary Activities before Tax	128	129	259	250	689
10	Tax Expenses (Including deferred Tax)	40	42	84	88	183
11	Net Profit from Ordinary Activities After Tax	88	87	175	162	506
12	Extraordinary Items	4	10	9	19	37
13	Net Profit for the Period	84	77	166	143	469
14	Paid Up Equity Share Capital (Face Value Rs 10 Per Share)	820	820	820	820	820
15	Reserves (Excluding Revaluation Reserves)	-	-	-	-	10,341
16	Basic/Diluted EPS for the period (Rs.) (Before Extra Ordinary Items)	1.07/0.86	1.06/0.85	2.13/1.71	1.97/1.59	6.18/4.90
17	Basic/Diluted EPS for the period (Rs.) (after Extra Ordinary Items)	1.02/0.82	0.95/0.76	2.02/1.62	1.75/1.41	5.72/4.55
18	Public Shareholding
	Number of Shares	3618503	3618503	3618503	3618503	3618503
	Percentage of Share Holding.	44.13%	44.13%	44.13%	44.13%	44.13%
Segmentwise Revenue, Results and Capital Employed
1	Segment Revenue:
	a) Paper Division	5,185	4,139	10,561	7,767	16,275
	b) Trading in Commodities	43	-	2,719	410	6,975
	Total	5,228	4,139	13,280	8,177	23,250
2	Segment Results-Profit/loss before tax and interest:
	a) Paper Division	199	238	443	435	1,018
	b) Trading in Commodities	2	-	12	27	197
	Total	201	238	455	462	1,215
	Less:
	(i) Interest	192	152	399	297	711
	(ii) All Other unallocable expenditure (Net of unallocable income).	(115)	(33)	(194)	(66)	(148)
	Profit before tax (After extra ordinary items)	124	119	250	231	652
3	Capital Employed:
	a) Paper Division	15,952