1.      In order to sustain long-term availability of timber, principal raw material for the Company's main product, namely, Medium Density Fibre Board, the Company is engaged in plantation under various schemes on the land owned by third parties. The Company's role is to develop and supply seedlings to such third parties. Since development of seedlings is an integral part of plantation activity which is incidental to main activity of the Company, this operation has not been treated as a separate segment under Accounting Standard AS - 17.

2.      Raw material consumption figures as shown are not comparable with sales figures due to increase / decrease in stocks.

3.      Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.

4.      Information on investor complaints for the quarter ended 31st March, 2006 (in nos.)

5.      The Twenty Second Annual General Meeting of the Company will be held on 16th June, 2006 at 10.00 A.M. at the Registered Office of the Company at Vill. Kusumi, Post & Dist. Nabarangpur, Pin - 764 059, Orissa. In view of the above the Register of Members and Share Transfer Books of the Company shall remain closed from 9th June, 2006 to 16th June, 2006 (both days inclusive).

6.      Figures of the previous period have been regrouped / rearranged wherever considered necessary.

7.      The above results have been taken on record in the Board of Directors meeting held on 19th April, 2006.

8.      The results of the Company are available at the Company's web site  www.mangalamtimber.com