Gajra Bevel Gears Limited is a Public Limited Company incorporated under the Indian Companies Act, 1956. The Company is engaged in business of manufacturing vast range of gears, Differential and transmission gears and other products to keep automotive progress on the move.

1) Claims against which the company 31.03.2015 30.06.2014 not acknowledged as debt in respect of :

Assessed demand of Commercial Tax          Rs.565.61        Rs.565.61
for which the                                Lacs             Lacs
Company has preferred for revision
before the competent
Authority.

1990-2000               16.64

2001-   2002             27.72

2002-   2003             48.09

2005-   2006            267.81

2006-   2007            205.35

In respect of amount of Interest              Amount        Amount
liability /penalty on delayed/           unascertainabl  unascertainabl
nonpayment/ non and late deduction              e                e
of statutory dues

In view of no manufacturing / business activity in the company through out the years ended on 30.09.2009 to 30.09.2012, the management of the company is of the opinion "NO WORK NO PAY" and accordingly no provision has been made in the accounts in respect of Salaries, Wages, Allowances and benefits to the employees of the Company, which otherwise works out to as follows: