Current          Previous
                                        Year              Year
                                      Rs. in lacs       Rs. in lacs
 
 B.l.  Contingent liabilities in respect of :-
 
 (a)   Claims against the Company not 
       acknowledged as debts             12.00           12.00
 
 (b)   Income lax demands disputed 
       in appeal                         27.00           12.62
 
 (c)   Estimated amount of contracts 
       remaining to be executed on Capital
       Account and not provided
       for (Net of Advances)            362.61          139.22
 
 (d)   Letter of Credit given on behalf
       of Subsidiary                     50.00           50.00
 
 In respect of items mentioned under Paragraphs (a) and (b) above, till
 the matters are finally decided, the financial effect cannot be
 ascertained.
 
 B-2- (i) Guarantees given to Banks against repayment of loans advanced
 from time to time to Sea Lord Containers Limited., a Subsidiary of the
 Company to the extent of Rs. 6.650 lacs (Previous year Rs. 6,000 lacs).
 The balance of such loan outstanding as at 31st March, 2011 was Rs.
 6,050 lacs (Previous Year Rs. 5,150 lacs)
 
 (ii) Guarantees given to Banks against repayment of working capital
 facilities advanced from time to time to Hindustan Aegis LPG Limited,
 an associate till 31st January, 2011 and thereafter wholly owned
 subsidiary of the Company to the extent of Rs. 3.200 lacs (Previous
 Year Rs. 4,650 lacs). The amount of such facilities availed against
 guarantee as at 31st March, 2011 was Rs. Nil (Previous Year Rs. Nil).
 
 (iii) Guarantees given to Suppliers against credit extended to Aegis
 Group International Pte Limited, a wholly owned subsidiary of the
 Company to the extent of Rs. 9,000 lacs (Previous Year Rs. Nil). The
 amount of such creditavailed against guarantee as at 31st March, 2011
 was Rs. 6,451 lacs (Previous Year Rs. Nil).
 
 B.6.  Segment Reporting - Basis of preparation
 
 The Company has identified two reportable business segments (Primary
 Segments) viz. Liquid Terminal Division and Gas Terminal Division.
 
 Liquid Terminal Division undertakes storage & terminalling facility of
 Oil & Chemical products.
 
 Gas Terminal Division relates to imports, storage & distribution of
 Petroleum products viz. LPG, Propane etc.
 
 Segments have been identified and reported taking into account, the
 nature of products and services, the differing risks and returns and
 the internal business reporting systems.
 
 During the year, investments made by the Company have exceeded 10% of
 its total assets. However, such investments have not exceeded 10% of
 its total assets as per Consolidated Financial Statement of the
 Company. Hence, Investments are not treated as separate reportable
 segment by the Company.  Consequently, Segment information has been
 presented on the basis of Accounting Standard (AS 17) Segment
 Reporting as applicable to the Consolidated Financial Statements of
 the Company as specified under Paragraph 4 of the said standard.
 
 The accounting policies adopted for the segment reporting are in line
 with the accounting policies of the company with the following
 additional policies for the segment reporting:
 
 (a) Revenue and expenses have been identified to segment on the basis
 of their relationship to the operating activities of the segment.
 Revenue and expenses which relate to the enterprise as a whole and are
 not allocable to segment on a reasonable basis have been disclosed as
 Other unallocable expenditure (net).
 
 (b) Segment assets and segment liabilities represent assets and
 liabilities in respective segments. It excludes investments, tax
 related assets and other assets and liabilities which cannot be
 allocated to a segment on a reasonable basis and hence have been
 disclosed as Other unallocable assets / liabilities.
 
 (c) The Company does not have material earnings emanating outside
 India. Hence, the company is considered to operate in only the domestic
 geographical segment.
 
 B.10 The shareholders of the Company at their Extra-ordinary General
 Meeting held on 23rd March, 2011, approved the issue of 21,20,190
 equity shares of Rs. 10/- each at a price of Rs. 322/- per equity share
 (including premium of Rs. 312/- per equity share) for a total
 consideration of Rs. 6,827.01 lacs on a preferential basis to
 Infrastructure India Holding Fund LLC, (a limited liability company
 incorporated under the laws of Mauritius) CIIHF) in pursuance of
 section 81 (1A) of the Companies Act, 1956 and in accordance with the
 provisions of Chapter VII Preferential Issue of the Securities and
 Exchange Board of India (Issue of Capital and Disclosure Requirements)
 Regulations, 2009 (SEBIICDR Regulations). The aforesaid equity shares
 were allotted on 23rd March, 2011.
 
 The objects of the issue, inter alia, were to fund the Capex Plan of
 the Qroup and / or working capital requirements. Pending utilization of
 the issue proceeds, the amount of Rs.6,827.01 lacs has been invested in
 fixed deposits with scheduled banks of Rs. 4,191.26 lacs and investment
 in units of Mutual Funds of Rs. 2,000 lacs after considering share
 issue expenses mentioned below.
 
 Expenses incurred on above preferential issue of equity shares
 aggregating to Rs.635.75 lacs have been adjusted from the Securities
 Premium Account in terms of the provisions of Section 78 of the
 Companies Act, 1956.
 
 B-ll The Company had a whole time Company Secretary appointed in
 accordance with the provisions of Section 383A of the Companies Act,
 1956 upto 31st March, 2011. Efforts are currently underway to find a
 replacement and as such currently there is no Company Secretary to
 authenticate the financial statements in accordance with Section 215 of
 the Companies Act, 1956.
 
 B.13 The amount of exchange loss (net of gain) debited to the Profit
 and Loss Account is Rs.44.17 Lacs (Previous Year Rs.77.92 lacs).
 
 B.14 There are no Micro, Small and Medium Enterprises, as defined in
 the Micro, Small, Medium Enterprises Development Act, 2006, to whom the
 Company owes dues on account of principal amount together with interest
 and accordingly no additional disclosures have been made.
 
 The above information regarding Micro, Small and Medium Enterprises has
 been determined to the extent such parties have been identified on the
 information available with the Company. This has been relied upon by
 the auditors.
 
 B.15 The details of derivative instruments and foreign currency
 exposures are as under:
 
 Forward contracts outstanding in USD 31.59 lacs (equivalent Rs.1,422.31
 lacs) as onSlstMarch, 2011.  (Previous Year USD 44.70 lacs equivalent
 to Rs.2,074.61 lacs).
 
 B.17. The Company holds 100,000 equity shares of Rs. 10 each amounting
 to Rs. 10 lacs in Konkan Storage Systems (Kochi) Private Limited
 (Konkan), a wholly owned subsidiary of the Company. The Company has
 also given a loan of Rs. 4.092.49 lacs (Previous Year Rs.3,424.44
 lacs). As per the audited accounts of Konkan for the year ended 31st
 March, 2011, the accumulated losses are Rs. 736.95 lacs (Previous Year
 Rs.498.62 lacs) as against the paid up capital of Rs. 10 lacs.
 Consequently, there is a fall in the value of the investments and
 ability of the Company to repay the loan is also impaired. However, in
 view of the fact that these investments are held as strategic, long
 term investments and the Company expects improvement in the long run,
 no provision is considered necessary in the accounts of the company,
 for the diminution in the value of the investments as well as the
 probable non-recovery or partial recovery of the loan as aforesaid.
 
 B.18 The Company acquired 3,23,81,000 Equity Shares of Rs.10/- each
 constituting 100% of the paid up share capital of Shell Gas (LPQ) India
 Private Limited (SQLIPL) on 1st April, 2010 for a total consideration
 of Rs.  1,647.04 lacs. The Company had paid this consideration as an
 advance for acquisition of aforesaid equity shares to erstwhile
 promoters of SQLIPL in the previous year. Accordingly SQLIPL has become
 a wholly owned subsidiary of the Company w.e.f. 1st April, 2010.
 
 The name of SQLIPL has since been changed to Aegis Gas (LPQ) Private
 Limited (AGPL).
 
 B.19 During the year, the Company submitted its 222,001 equity shares
 held in its associate namely Hindustan Aegis LPQ Limited (HALPQ) under
 the buy back scheme offered by HALPQ for a total consideration of Rs.
 66.60 lacs.  Thereafter, Aegis Gas (LPQ) Private Limited (AQPL), a
 wholly owned subsidiary of the Company acquired 100% equity shares of
 HALPQ from its erstwhile shareholders. Accordingly, HALPQ has become a
 wholly owned subsidiaryofAQPL.
 
 B.20 BankDeposits includes:
 
 i) Rs.226.921acs (Previous Year Rs. 482.30 lacs) in Margin Account
 
 ii) Rs.45 lacs (Previous Year Rs 45 lacs) out of deposits received from
 some of the dealers of the company placed with the banks which is
 subject to a lien of the banks for granting credit facilities to such
 dealers.
 
 iii) Rs.77.12 lacs (Previous Year Rs.77.12 lacs) placed with the bank
 which is subject to a lien of Mumbai Port Trust for granting Way Leave
 Permission.
 
 iv) Interest accrued Rs.72.89 lacs (Previous Year Rs.60.54 lacs)
 
 B.21 Figures for the previous year have been regrouped wherever
 necessary to correspond with figures of the current year. Amounts and
 other disclosures for the preceding year are included as an integral
 part of the current year financial statements and are to be read in
 relation to the amounts and other disclosures relating to the current
 year.