CASTEX TECHNOLOGIES Notes to Accounts

1) The above statement has been prepared under indirect method except
in case of dividend which has been considered on the basis of actual
movement of cash with corresponding adjustments of assets and
liabilities.

2) Cash & Cash Equivalents include cash & bank balances only.

3) Previous Year figures have been regrouped / recast wherever
considered necessary.

4) Cash and cash equivalents, as on 30th September 2015 includes
restricted bank balances of Rs. 932.44 lacs (Previous Year Rs.1,146.51
lacs). The restriction is primarily on account of cash and bank
balances held as margin money deposited against guarantee/LC''s issued
by bank and earmarked Balances.

We have examined the above cash flow statement of Caste Technologies
Limited (formerly known as Amtek India Limited) for the year ended 30th
September,2015 and verify that it has been derived from the audited
accounts (and underlying records) of the company reported on by us as
per our report of even date.

Note No : 1. Rights, preferences and restrictions attached to Shares

Equity Shares: The Company currently has Issued equity shares having a
par value of Rs 2/- per share. Each shareholder is eligible to one vote
per share held. The Company declares and pays dividends in Indian
rupees. The dividend, if proposed by the Board of Directors, is subject
to the approval of the shareholders in the Annual General Meeting. In
the event of liquidation of the Company, the equity shareholders are
eligible to receive the remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.

Preference Shares: During the year company has issued 0.1%
Non-cumulative redeemable preference shares having a par value of Rs.
100/- each. Preference at the end of five years from the date of
allotment with a clause of extension with mutual consent of both the
parties.

Particulars of Security

Term Debts from Financial Institutions/Banks are secured by way of
mortgage of company''s all Immovable Properties ranking pari passu
interest and hypothecation of whole of the Company''s Movable Properties
including Plant & Machinery, Machinery spares, tools and accessories
and personal guarantee of one of the Directors of the company.

Maturity Profile:

A) 10.50% Non-Convertible Debentures are repayable in next 2 years up
to the financial year 2017-2018.

B) Term Loans from Banks and financial Institutions are within the
interest band of 1% to 2.50 % over and above the base rate and are
repayable in quarterly installments up to the financial year 2024-2025.

C) Unsecured loans are repayable in the financial year 2016-2017.

Deferred Tax Assets and Deferred Tax Liabilities have been offset
wherever the company has legally enforceable right to set off current
tax assets against current tax liabilities and wherever the deferred
tax assets and deferred tax liabilities relate to income taxes levied
by the same taxation authority.

*Net of Impact of Rs. 37.11 lacs arising out of adjustment of WDV as at
Oct. 01, 2014 due to change in useful life of fixed assets as per
Schedule II of Companies Act 2013.

Particulars of Security

Working Capital facilities are secured by hypothecation of raw
material, semi-finished goods, stock-in-process, consumable stores and
book debts of the company.

* Corporate Loan of Rs. 7,825.00 Lacs is secured by way of subservient
charge on the entire fixed assets of the company and pledging of the
shares by the Promoters of the Company.

*Other Liabilities includes capital goods creditors and other short
terms Liabilities.

A) Names of related parties & description of relationship

1) Associate 1) Amtek Auto Ltd.( (Became Associate Company Since March
2015)

2) Subsidiary 1) Amtek Kuepper GmbH

3) Subsidiaries of Subsidiary 1) August Kupper GmbH (ceased to exist
from Dec.,2014)

2) H.J.Kupper System-Und Modultechnik GmbH (ceased to exist from
Dec.,2014)

3) H.J.Kupper Metallbearbeitung GmbH (ceased to exist from Dec.,2014)

4) SKD-GieBerei GmbH (ceased to exist from Dec.,2014)

5) Kupper Hungaria Kft (ceased to exist from Dec.,2014)

4) Subsidiaries of the Associate Company 1) Metalyst Forgings Ltd.
(Formerly Known as Ahmednagar

Forging Ltd.) (Became Associate Company Since March 2015)

2) Amtek Deutshland GmbH

3) Amtek Investment UK Ltd.

4) Amtek Germany Holding GP GmBH

5) Amtek Germany Holding GmBH & Co. KG

6) Amtek Holding BV

7) Amtek Global Technologies Pte. Ltd.

8) Amtek Transportation Systems Ltd.

9) Alliance Hydro Power Ltd.

10) Amtek Defence Technologies Ltd. (Ceased to exist as subsidiary
Since June 2015)

11) JMT Auto Limited

12) Amtek Precision Engineering Pte. Ltd.

13) Amtek Integrated Solutions Pte. Ltd.

14) Amtek Engineering Solutions Pte Ltd

5) Subsidiaries of Subsidiaries of the

1) Amtek Tekfor Holding GmbH Associate Company

2) Neumayer Tekfor GmbH

3) Tekfor Services GmbH

4) Neumayer Tekfor Rotenburg GmbH

5) Neumayer Tekfor Schmolln GmbH

6) Neumayer Tekfor Engineering GmbH

7) GfsV

8) Neumayer Tekfor Japan Co. Ltd.

9) Tekfor Inc.

10) Tekfor Maxico SA de CV

11) Neumayer Tekfor Automotive Brasil Ltda.

12) Neumayer Tekfor SpA

13) Tekfor Maxico Services

14) Tekfor Services Inc.

15) Amtek Powertrain Components B.V. (Ceased to exist as Subsidiary of
Subsidiary Since June 2015)

16) Amtek Powertrain RUS LLC (Ceased to exist as Subsidiary of
Subsidiary Since June 2015)

17) Amertec Systems Pvt. Ltd. (Ceased to exist as Subsidiary of
Subsidiary Since June 2015)

18) Asahitec Metals (Thailand) Co., Ltd

19) Asahi Tec Metals Co. Ltd.

20) Techno-Metal Co., Ltd.

21) Techno Metal Amtek Japan Investments Ltd.

22) Techno Metal Amtek U.K. Investments

23) Techno Metal Amtek Thai Hold Co.

24) Amtek Universal Technologies Pte Ltd

25) AIMD GmbH; Hamburg

26) M. Droste Stahlhandel GmbH, Bochum

27) HAPU Industrie Vertretungen GmbH, Witten

28) OWZ Ostalb-Warmbehandlungszentrum GmbH, Essingen

29) SRT GmbH, Essingen

30) WTL Werkstofftechnik-Labor GmbH, Aalen

31) AIFT GmbH, Hamburg

32) BEW-Umformtechnik GmbH, Rosengarten

33) GHV Schmiedetechnik GmbH, Ennepetal

34) Amtek Machining System Pte Ltd.

35) Rege Motorenteile GmbH

36) Rege Motorenteile Verwaltungs GmbH

37) Rege Holding GmbH

38) Rege Automotive Brasov SRL

39) Rege Solutions

2) Associates of the Associate Company 1) ACIL Ltd. (Formerly known as
Amtek Crankshafts India Ltd.)

3) ARGL Ltd. (Formerly known as Amtek Ring Gears Ltd.)

4) Amtek Tekfor Automotive Ltd. (Ceased to be Associate
Company Since March 2015)

5) Joint Ventures of Associate Company 1) MPT Amtek Automotive (India)
Ltd.

6) SMI Amtek Crankshafts Pvt. Ltd.

7) Associates of Subsidiaries of the 1) Amtek Railcar Pvt. Ltd.
Associate Company

8) Joint Venture of Subsidiary of the 1) SFE GmbH Associate Company

9) Associate 1) Terrasoft Infosystems Pvt Ltd.

10) Joint Venture 1) Amtek Riken Casting Pvt. Ltd.

11) Key Management Personnel

1) Shri. S.S. Verma, Managing Director w.e.f. 03.11.2015

2) Shri. Gautam Malhotra, Managing Director

3) Shri. Vimal Kaushik, CFO

4) Shri. Ankit Gangwal, CFO w.e.f 16.08.2015

5) Shri Vishal Wason, Company Secretary

6) Ms. Bhavya Sehra Company Secretary w.e.f 01.08.2015F

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