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AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2007

(Rs. in Lacs)

1

2

3

S.No.

Particular

Quarter ended 31.12.2007

Quarter ended 31.12.2006

18 months ended 30.09.2007

Unaudited

Audited

Audited

I

Net Sale/ Income from operation

3,909.29
868.20
12,748.02

II

Other Income
81.30
48.58
292.60

III

Total Income

3,990.59
916.78
13,040.62

IV

Expenditure

(a) (Increase) / decrease in stock in trade & Work in Progress

(84.76)
(267.81)
157.11

b) Consumption of Raw Material
2,327.43
629.51
6,164.99

c) Employee Cost
200.99
98.48
872.84

d) Depreciation
262.52
129.49
1,088.65

e) Excise duty
441.39
74.37
1,210.61
f) Other Expenditure
663.71
226.29
2,312.96

V

Interest
248.09
114.90
1,092.84

VI

Profit before tax

(68.78)
(88.45)
140.62

VII

Less:Tax Expenses

-Current Tax
-
(9.93)
29.38
-Fringe Benefit Tax
3.16
0.78
8.67
-Deferred Tax
(82.00)
(13.42)
65.29

VIII

Add:MAT Credit Entitlement
-
(9.93)
29.38

IX

Net profit/(loss)after tax
10.06
(75.81)
66.66

X

Paid -up Equity Share Capital (face value of Rs 5 per share)

2,148.12
1,101.89
2,148.12
XI
 Reserves excluding Revaluation Reserve
12,753.51

XII

 Earnings Per Share ( Rs.)

- Basic
0.02
(0.34)
0.16

- Diluted
0.02
(0.34)
0.15

XIII

 Public shareholding
Number of Shares
26,023,349
15,484,313
24,639,283
Percentage of Shareholding
60.57
70.26
57.35

SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED FOR THE PERIOD ENDED December 31,2007

(Rs. in Lacs)

1

2

3

S.No.

Particular

Quarter ended 31.12.2007

Quarter ended 31.12.2006

18 months ended 30.09.2007

Unaudited

Audited

Audited

I

Segment Revenue ( Sales/Income)

a. Manufacturing
3,860.44
868.20
11,558.60

b. Services
48.85
-
1,189.42

Total
3,909.29
868.20
12,748.02

II

Segment Results ( Profit/(loss))

(before tax and interest )

a. Manufacturing
306.60
26.45
1,039.14

b. Services
(208.59)
-
(98.27)

Total
98.01
26.45
940.87
(Add)/Less - Interest
248.09
114.90
1,092.84

 

 - Unallocated Expenses/(Income)
(81.30)
-
(292.59)

 

 Total Profit/(Loss) before Tax
(68.78)
(88.45)
140.62

III

Capital Employed (Segment Assets-Segment Liabilities)
a. Manufacturing
8,501.52
10,523.73
7,595.73
b. Services
7,733.61
-
7,329.66

 

 c. Unallocated
9,374.50
-
9,374.50

 

 Sub Total
25,609.63
10,523.73
24,299.89

  1. The above financial results were approved by the Audit Committee and taken on record by the Board of Directors in its meeting held on January 28, 2008 and a limited review of the same has been carried out by the Statutory Auditors of the Company.
  2. The figures for the quarter ended December 31,2007 have been arrived at after giving the effect to the Scheme of Amalgamation and includes the figures of operation of erstwhile Aksh Broadband Limited and thus are not comparable with the figures for the corresponding quarter ended December 31,2006.
  3. During the month of January 2008, the Company has allotted:-
    (a) 49,01,961 Global Depository Receipts (GDR's) underlying 98,03,922 equity shares of      Rs. 5 each at a premium of Rs 55 per share aggregating to Rs. 5,882 Lacs ( US 15      Million)

    (b) Zero Coupon Foreign Currency Convertible Bonds ( FCCB's) aggregating to US $ 20      million.

    (c) 50,00,000 Zero Coupon Converible Warrants on private placement basis each      warrants convertible in to one equity share of Rs. 5/- each at a premium of Rs 58/-      per share aggregating Rs. 3,150 Lacs.

    (d) 10,000 Zero Coupon Fully Convertible Debenture (Debentures) of face value of Rs.      2,500/- each on private placement basis aggregating Rs. 250 Lacs. These      debentures are to be compulsorily converted into equity shares on 1st May 2008 at      a price determined as per clause 13.1.2.1(b) of SEBI (Disclosure and Investors      Protection) Guidelines, 2000.

    (e) 11,29,528,Equity Shares of Rs. 5/- each at a premium of Rs. 53.79 per share      pursuant to the conversion notice received from one of the investor in respect of      Foreign Currency Convertible Bonds of an aggregate value of USD 1.5 million allotted      in January 2007.
  4. Consequent upon successful commissioning of Fibre Draw Tower during the quarter which was earlier impaired, the company has credited Rs. 588.68 Lacs to Revenue Reserve.
  5. During the quarter 6 investor grievances were received and resolved. There were no investor greivance pending for redressal at the beginning and at tshe end of the quarter.
  6. Figures have been regrouped and rearranged wherever necessary.
For and on behalf of the board of Directors
AKSH OPTIFIBRE LIMITED
Place: Bhiwadi
KAILASH S CHOUDHARI
Date: Jan 28, 2008
Managing Director

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