1.  a) The company’s fixed assets both movable and immovable, both
 present and future have been placed as security under first charge
 for the term loan obtained in foreign Currency from BNP Paribas.
 
 b) The working capital facilities from State Bank of India, State Bank
 of Hyderabad, Andhra Bank and The Bank of Nova Scotia are secured by
 hypothecation of stock of raw materials, work-in-process, finished
 goods, stores and spares, bills receivable and book debts. The fixed
 assets of the Company are provided as collateral security by way of
 second charge for the working capital facilities availed from State
 Bank of India.
 
 c) Consequent to an order passed by Vidyut Ombudsman in March 2010,
 Andhra Pradesh Southern Power Distribution Company Ltd., (APSPDCL) has
 demanded Rs 27.06 million as low voltage surcharge (including interest)
 for the period from June, 2005 to November, 2007. The company has
 created a liability in the accounts for Rs 25.80 million during the
 financial year ended March 31, 2009, as per APSPDCL''S original demand.
 The Company has paid Rs13.57 million under protest. The Company has not
 provided the balance of Rs1.26 million in the books and has preferred
 an appeal against the order of Vidyut Ombudsman.
 
 2.  The company is availing the sales tax deferment benefit since
 1997-98 on its expanded capacity. Such deferment claimed, as on March
 31, 2011 is Rs 710.02 million (PY Rs 638.95 million). This amount is
 subject to revision by the assessment authorities, on completion of
 assessments.
 
 3.  Contingent Liabilities
 
                                                         (Rs Million)
 
 Particulars                                31.03.2011     31.03.2010
 
 a.  Claims against the company not 
 admitted towards Excise Duty/
 Service Tax                                     18.62          10.83 
 Sales Tax                                       88.21          28.43 
 Electricity                                    205.44         145.93
 Dues to Supplier                                 0.75              - 
 [Against all the above, Rs 5.64 million 
 (PY Rs 7.30 million) was paid under 
 protest]
 
 b.  Counter guarantees given to banks 
 in respect of bank guarantees
 issued in favour of various 
 constituents                                   284.05         466.89
 
 c.  Letters of credit opened with 
 banks                                          169.46         246.42
 
 d.  Bills discounted with scheduled 
 banks                                           69.13          43.81
 
 e.  Estimated amount of contracts 
 remaining to be executed on capital
 accounts, not provided for                     236.94          74.99
 
 f.  Bank Guarantees provided to 
 APGPCL for differential wheeling
 charges pending disposal of the 
 case by Supreme Court, not provided 
 for                                              4.32           4.32
 
 4. The Company is engaged in the manufacture of lead acid storage
 batteries. In the perception of the management, identifying the
 Company''s business into further segments as per Accounting Standard -
 17, does not arise.
 
 5. Related party transactions
 
 Related parties particulars pursuant to Accounting Standard -18 
 A) List of related parties
 
 1.  Key management personnel 
     Sri Jayadev Galla
 
 2.  Relatives of key management personnel
 
 Dr. Ramachandra N Galla          Father of Sri. Jayadev Galla
 
 Smt. G. Amara Kumari             Mother of Sri. Jayadev Galla
 
 Smt. G. Padmavathi               Wife of Sri. Jayadev Galla
 
 Dr. G. Ramadevi                  Sister of Sri. Jayadev Galla
 
 Sri Ashok Galla                  Son of Sri. Jayadev Galla
 
 Master Siddharth Galla           Son of Sri. Jayadev Galla
 
 3.  Enterprises in which key management personnel and / or their
 relatives have significant influence Amara Raja Power Systems Limited
 
 Amara Raja Electronics Limited
 Mangal Precision Products Limited
 Galla Foods Limited
 Amara Raja Infra Private Limited
 Amara Raja Industrial Services Private Limited
 
 4.  Enterprise with significant influence
     Johnson Controls Mauritius Private Limited, Mauritius
 
 6. The balances in various personal accounts are subject to
 confirmation by and reconciliation with the concerned parties.
 
 7. In the opinion of Board of Directors the current assets, loans and
 advances are expected to realise the value stated in the accounts, in
 the ordinary course of business.
 
 8. Donations include Rs 1.00 Million donated to the Communist Party of
 India (Marxist), Chittoor District Committee.
 
 9. Previous year figures have been regrouped wherever necessary to
 confirm to the current year''s classification.
 
 10. Figures have been rounded off to the nearest thousands and rupees
 wherever it is mentioned in million and rupees respectively.