1.  Leases
 
 A) The Company has obtained several premises for its business
 operations under leave and license agreements.  These are generally not
 non-cancelable lease and are renewable on mutual consent on mutually
 agreeable terms. Lease payments are recognized in the profit and loss
 account as rent expenses amounting to Rs 229.09 (previous year Rs 202.87
 lacs)
 
 B) The Company has given land and building on operating lease for
 period ranging from 11 months to 60 months. During the year, the
 company has also given plant and machinery on operating lease and has
 recognized the lease rent on both assets in the profit and loss account
 amounting to Rs 21.55 lacs (Previous Year Rs 22.80 lacs)
 
 2.  Forward Contracts
 
 A) The Company uses forward contracts to hedge its risks associated
 with fluctuations in foreign currency and interest rates. The use of
 forward contracts is covered by Company''s overall strategy.  The
 Company does not use forward covers for speculative purposes.
 
 B) Part of the foreign currency loans are covered by comprehensive
 hedge which effectively fixes liability of such loans and further there
 is no additional risk involved post hedging of such loans.
 
 B) The outstanding forward contracts as at March 31, 2012 is Rs 4859.04
 Lacs (Previous Year Rs Rs 1564.94 Lacs) in respect of hedging currency
 related risk excluding forward contracts as mention in note no.30.
 
 3.  Equity dividends
 
 43.1 Dividends declared
 
 The board of directors in its meeting held on May 19, 2011, recommended
 a final dividend of Rs 1.50 per equity share of Rs 10 each (15% of face
 value) for financial year 2010-11, which was duly approved by the
 shareholders of the Company in the Annual General Meeting of the
 company held on August 18, 2011.
 
 3.2 Dividends proposed
 
 The board of directors in their meeting held on May 23,2012 have
 proposed a dividend of Rs 1.8 per equity share of 10 each (18% of face
 value) for the financial year 2011-12. The same is subject to
 shareholder''s approval in the Annual General Meeting.
 
 4.  Events after the Balance Sheet date
 
 The shareholders in the Extra-ordinary general meeting held on April
 23, 2012 approved the allotment of 15,00,000 warrants on a preferential
 basis to promoters and other investors as specified in the notice of
 the Extra-Ordinary General Meeting issued by the Company on March 23,
 2012. The terms and conditions of the allotment are:
 
 a) Each warrant is convertible into 1 (one) Equity Share of the Company
 of the face value of Rs 10/- each at a premium of Rs 80/- per share. Each
 warrant being priced at Rs 90/- per share.
 
 b) The warrants shall be allotted within a period of 15 days from the
 date of passing of the resolutions by the shareholders or within 15
 days from the date of approval of regulatory authority, whichever is
 later.
 
 c) The warrant shall be compulsorily convertible (at the option of the
 Warrant Holder) at any time within a period of 18 months from the date
 of allotment of warrants, after the expiry of which they said warrants
 shall stand lapsed.
 
 d) The warrant per se, shall not carry any voting rights with them.
 
 e) The Warrant holder(s) shall, on or before the date of allotment of
 warrants, pay an amount equivalent to 25% of the total consideration
 viz. Rs 22.50/- per warrant and balance consideration of Rs 67.50 per
 warrant to be paid on or before the date of the conversion of the
 warrants in to Equity Shares.
 
 The Company has received Rs 515.00 Lacs from proposed allotters, being
 part consideration against issued of warrant. Pending the in principal
 approval from stock exchanges with regards to allotment of warrants,
 the Company has not allotted warrants against the advance money
 received as at the Balance Sheet date.