(Rs. in lakhs)
 
 1.  Estimated amount of contracts remaining to be executed on Capital
 Account and not provided for (net of advances) Rs.342.01 lakhs (Rs.247.23
 lakhs).
 
 2.  Contingent liabilities not provided for in respect of:
 
 (a) Claims against the Company not acknowledged as debts : (i) Disputed
 labour matters (amount not ascertainable).
 
 (ii) Accrued interest of Rs.5.56 crore upto 31.03.2007 being the
 difference between Rs.27.29 crore, the interest including penal interest
 due upto 31.03.2007 as per books of DHI and the interest waived
 amounting to Rs.21.73 crore. The proposal for waiver of Rs.5.56 crore based
 on the principle of sanction by BIFRis under consideration of the GOI.
 
 (iii) Others Rs.416.98 lakhs (Rs.415.05 lakh)
 
 (b) Guarantees and Indemnities given to various Institutions and
 Authorities in connection with Company''s operations amounting
 toRs.1909.23 lakh (Rs.1545.81 lakh).
 
 (c) Guarantees given to banks on behalf of other Group and/or Associate
 Companies ; (i) India Paper Pulp Co. Ltd.  -Rs.265.00 lakh (Rs.265.00
 lakhs).
 
 (ii) Other Companies - Rs.328.00 lakh (Rs.328.00 lakhs) on behalf of
 Hooghly Printing Co. Ltd., a Subsidiary of the Company.
 
 *In respect of item Nos. (i) above, although the notice of invocation
 of guarantees has been received neither any payment nor any provision
 has been made as the matter is sub-judice.
 
 (d) Disputed Sales Tax aggregating to Rs.6686.40 lakh (Rs.6994.55 lakh).
 The demand under the WBST and CST Acts are according to the opinion of
 the Company, erroneously raised for which appeals have been preferred
 at higher Forums of Sales Tax Authority.
 
 (e) Aggregate Income Tax demands (penalty) amounting to Rs.50.53 lakh
 (Rs.50.53 lakh) excluding interest not admitted, against which appeals
 have been preferred by the Company.
 
 (f) Disputed Excise/Customs Duty claims Rs.538.95 lakh (Rs.582.40 lakh)
 excluding interest against which appeal have been preferred by the
 Company.
 
 (g) Unexpired Letter of Credit opened by the Company''s bankers -
 Rs.828.18 lakh (Rs.209.19 lakh).
 
 3.  Sanctioned Rehabilitation Scheme approved by Board for Industrial
 and Financial Reconstruction (BIFR) vide Order dated 30th October, 2007
 with the cut-off date of 31st March, 2006.
 
 Pursuant to Sanctioned Rehebilitation Scheme (hereinafter SRS) of BIFR
 stated above, the necessary effects have been given during the year in
 the Accounts as under :-
 
 (a) Funded interest upto cut-off date (31.03.2006) amounting to Rs.748.00
 lakhs which was sanctioned by State Bank of India as per terms of
 Sanctioned Rehabilitation Scheme dated 30.10.2007 for conversion into
 equity to the extent of Rs.150.00 lakh i.e. 20% of the funded interest
 comprising 75,00,000 shares @ Rs.2/- per share has been kept in Share
 Pending Allotment Account. Balance 80% of funded interest i.e. Rs.598.00
 lakh arising out of remission of funded interest, charged to Profit and
 Loss Account in earlier years, has been accounted for an exceptional
 item in the Profit and Loss Account during the year.
 
 (b) In terms of the aforesaid order 46% of unsecured creditors
 amounting to Rs.110.21 lakh except sub-judice matters has been written
 back during the year.
 
 4.  Extra-ordinary income consist of -
 
 (a) Rs.598.00 lakh as stated in Note No.3(a).
 
 (b) (-)Rs.188.10 lakh being difference between amount of Rs.1003.20 lakh
 (i.e. 80% of accrued interest from the cut off date i.e. 31.03.2006 to
 31.03.2009 amounting to Rs.1254.00 lakh) credited to Profit and Loss
 Account for the year ended 31st March, 2009 on account of Bank of Baroda consequent upon the Bank agreeing
to accept equity for 20% of the value 
 after writing down the amount by 80% and Rs.815.10 lakh (65% of the said Rs.1254.00 lakh) in full and final
settlement of the claim, in lieu of 
 issue of equity sanctioned by Bank of Baroda and approved by the Board 
 of Directors of the Company.
 
 5.  Share pending allotment consists of -
 
 (i) Rs.150.00 lakh in favour of Govt, of India, which vide letter
 10(3)/2008-PE-I dated 31st March, 2008 and No.l0(26)/ 2005-PE-I dated
 18th March, 2008 allocated Rs.150.00 lakhs towards Equity @ Rs.10 per 
 share as investment in the Company for upgradation of Engineering 
 Division and West Bengal Gardens. Since in terms of BIFR order dated 
 30th October, 2007 the face value of Equity share of the Company has 
 been reduced to Rs.2 in place of Rs.10, the decision of issuance of 
 fresh shares @ Rs.2 per share after diminution has been kept pending 
 till revised order in this regard is received from Govt, of India.
 
 (ii) Rs.150.00 lakh as shown in point no.3(a).
 
 6.  [a] Employee Benefits
 
 The Company''s contribution to Defined Contribution Plans aggregated to
 Rs.813.21 lakhs (Rs.696.24 lakhs) for the year ended 31st March, 2011 has
 been recognised under the line item Contribution to Provident and Other
 Funds on Schedule 17 above.
 
 7. The medical benefits for the employees for domiciliary treatment is
 for a block of three years and shall lapse yearly thereafter if the
 concerned employee does not avail it. The liability towards such
 unavailed quantum of medical benefits has been determined on actual
 basis instead of actuarial valuation method since the eligible amount
 will remain fixed during the next block. The total amount of liability
 as on 31st March, 2011 is Rs.138.35 lakh (Rs.122.49 lakh) has been taken
 into account.
 
 8.  Inventories include Rs.106.51 lakh (Rs.115.46 lakh) worth of stocks
 lying with thrid parties for which confirmations are awaited and/or
 under reconciliation and the same has been fully provided for.
 
 9.  Disclosure of quantitative information relating to each class of
 goods dealt with by the Company has not been made pursuant to
 Notification No.SO301(E) dated 8th February, 2011.
 
 10.  Provision for Liquidated damages amounting to Rs.1749.96 lakh
 (Rs.1645.48 lakh) has been set off against Sundry Debtors.
 
 11.  No provision is made in the Books for possible losses that may
 arise in respect of long term investments made in Yule Financing &
 Leasing Co. Ltd., amounting to Rs.27.88 lakh (Rs.27.88 lakh). The possible
 loss, if any, will be accounted for as and when it arises.
 
 12.  Confirmation for balances of Sundry debtors, deposits and advances
 to the parties. Trade Creditors, dues to and from Govt. Undertakings
 and stock with third parties have been sought from the concerned
 parties, with stipulation that incase of non receipt of confirmation
 within 20 days of despatch, the book balance is to be considered as
 confirmed.  The financial statements have been drawn up accordingly.
 
 13. The major component of the respective balances of Deferred Tax
 Assets and Liabilities are disclosed in the Accounts.
 
 (b) In computing deferred tax liability of the Company for the
 financial year 2010-11, unabsorbed depreciation, business loss, as well
 as disallowances u/s.43B as per Income Tax Act, 1961 has not been
 recognised as deferred tax assets.
 
 14. Provision in respect of Income Tax (including capital gains) has
 not been made as the Company''s application for relief/ concession on
 various grounds based on sanction of BIFR, is still under the
 consideration of CBDT.
 
 Engineering
 
 Industrial Fans.
 
 Tea Machinery.
 
 Air Pollution and Water Pollution Control equipments.
 
 Turn-key projects involving the above products.
 
 Electrical
 
 HT and LT Switchgears.
 
 Transformers
 
 Relay and Contactors
 
 Turn-key projects on power distribution.
 
 Tea - Tea growing and manufacturing.
 
 (2) The information relating to erstwhile Belting Division has been
 considered as part of the corporate information for the purpose of the
 above reporting as the related business has been discontinued earlier.
 
 (3) Information relating to Project has been reported after being
 clubbed with Engineering Division.
 
 15. Particulars relating to discontinued operations.  (a) Description
 of discontinued operations
 
 Business Segments
 
 (i) Engiheering Division
 
 (ii) Electrical Division
 
 Discontinued Operations
 
 Air Handling Unit (AHU) Core Lamination Project (CLP) Project
 
 Port Engineering Works (PEW)
 
 Turnkey
 
 Agency
 
 16. Related party disclosure
 
 (i) Names of Related Parties with whom Company had transactions during
 the year :
 
 Associate Companies
 
 - Tide Water Oil Co. (I) Ltd.  Bengal Coal Co. Ltd.
 
 New Beerbhoom Coal Co. Ltd.  Katras Jherriah Coal Co. Ltd.  Yule Agro
 Industries Ltd.
 
 - WEBFIL Ltd.
 
 Yule Financing and Leasing Co. Ltd.
 
 (ii) Key Management Personnel:
 
 (a) Kallol Datta - Chairman and Managing Director
 
 (b) I. Sengupta - Director (Personnel)
 
 (c) S. P. Kar - Director (Finance)
 
 (d) S. Swaminathan - Director (Planning)
 
 (f) Sunil Munshi - Chief Executive, Tea Division
 
 17.Fixed Assets have been physically verified by outside agencies and
 discrepancies (shortage) noticed on such verification valuing Rs.19.48
 lakhs has been adjusted in the Books of Accounts.
 
 18.On review of old statutory liabilities appearing in the books over
 the years, the admitted liabilities have been paid.  However,
 liabilities in the nature of provision, which are not statutory
 liabilities, have been retained for further review and adjustment
 thereof.
 
 19.(a) Previous year''s figures have been re-arranged and/or
 re-grouped wherever necessary.
 
 (b) The figures in these accounts have been rounded off to nearest
 lakhs of rupees and, as such, the balances in certain heads of account
 amounting to Rs.500 or less, although maintained in the books of accounts
 of the Company, do not appear in these accounts.
 
 20. Othei come includes Rs.2397.00 lakh, considered as prior period
 item, being the amount received from two Associate Companies, against
 their realisation ol sale proceeds in excess of Rs.10/- per Share for
 3.42 lakh shares of DPSC Ltd. for revival of the Company, pursuant to
 BIFR Order dated 26.11.2008, following a bidding conducted by Special
 Officer appointed by Hon''ble Calcutta High Court.