1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 19.06.2008.


2. The high operational costs continue to impact profitability of the Company.


3. The Company transferred its cold-end workers in April-2008 to its new location at Bharuch District in Gujarat, owing to several reasons, including high energy and other operational costs at Marol, Mumbai. These transfers have been challenged by the Workers’ Union before the Industrial Court. Their plea for interim stay has been rejected by the aforesaid court, and the Union has appealed to the High Court of Bombay, outcome of which is awaited.


4. Since the assets are used in the Company ‘s business interchangeably and the suppliers of raw materials and consumables are common, disclosure of segment wise assets, liabilities, capital expenditure, depreciation and non- cash expenditure is not feasible.


5. The Financial Results are in accordance with the Standard Accounting Practices followed by the Company in preparation of its statutory accounts.


6. The previous period figures have been regrouped/ reclassified wherever necessary to make them comparable.


7. The Company has received 4 complaints from shareholders during the quarter ended 31st March, 2008 which have been disposed off.   There were no complaints lying unresolved at the beginning or at the end of the quarter.

For Borosil Glass Works Limited

                                                                                                                           
Place :  Mumbai                                                                                                                            P.K. Kheruka
Date  :  19.06.2008                                                                                   Vice Chairman & Managing Director