1.  Surplus / (Deficit) on account of exchange difference on
 outstanding forward exchange contracts to be recognised in profit and
 loss account of subsequent accounting period aggregate to Rs. 798.96
 lacs (For F.Y. 2009-10 it was Rs 459.37 lacs).
 
 2.  Derivative Instruments:
 
 a) Derivative contracts entered into by the Company and outstanding as
 on 31st March, 2011.
 
 i) For hedging currency related risk:
 
 Forward / option contracts (net) for sales entered into by the company
 and outstanding as On 31st March, 2011 amount to Rs.  545.44 Crores
 (for F.Y.2009-10 forward / option contracts (net) for purchase was Rs.
 2,861.65 Crores)
 
 ii) For Hedging commodity related risk:
 
 Forward contracts for Gold entered into by the company and outstanding
 as on 31st March, 2011 covers 124 Kgs. (For F.Y.2009- 2010 it was 139
 Kgs.).
 
 b) Foreign currency exposure that is not hedged by the derivative
 instruments as on 31st March, 2011, amount to Rs. Nil. (for F.Y.2009-10
 it was Rs. Nil).
 
 3. The Company has given guarantee of Rs. 3,648.75 lacs (Previous year
 Rs Nil) to banks for facilities availed by its subsidiary companies.
 
 4. Investments purchased and sold during the year: Nil
 
 The Company now recognises two reportable business segments viz. cut
 and polished diamonds and jewellery. The business which is not
 reportable during the year, has been grouped under ''Others'' segment,
 this comprises wind energy generation.
 
 Segment Reporting and Related Information requires that an enterprise
 report a measure of total assets for each reportable segment. The fixed
 assets and inventories used in the Company''s business are not
 identifiable to any particular reportable segment and can be used
 interchangeably among geographical segments. Consequently, management
 believes that it is not practical to provide segment disclosures
 relating to total assets since a realistic analysis among the various
 geographic segments is not possible. Therefore, information has been
 restricted to direct debtors of each geographical segment.
 
 5 The figures of previous year have been regrouped / reclassified
 wherever necessary and possible so as to confirm with the figures of
 the current year.