As at             As at
                                        Sept. 30, 2011    Sept. 30, 2010
                                               Rs Crore           Rs Crore
 
 1. Contingent Liabilities not provided for:
 
 (a) In respect of disputed demands/claims 
 against the Company not acknowledged as debts:
 
 (i)     Central Excise matters                  32.04             26.77
 
 (ii)    Trade Tax matters                        8.50              2.53
 
 (iii)   Other Claims                            46.24             29.83
 
 (b) The Company has furnished guarantees/
 securities on behalf of subsidiary companies 2,409.33          1,002.82
 
 (c) The Income Tax assessment of the Company has been completed upto
 Assessment Year 2008-09.  However, the Company as well as the Income
 Tax Department are in appeal before the Appellate Authorities against
 the assessment of the earlier years. These appeals have not resulted
 into any demand on account of carry forward losses.
 
 2. Managerial Remuneration:
 
 The Profit & Loss Account includes payments and provisions on account
 of remuneration to managerial personnel as under:
 
 3. The disclosures in respect of Related Parties as required under
 Accounting Standard 18 (AS18) ''Related Party Disclosures'' is stated
 herein below / set out in a separate statement annexed hereto.
 
 a) Related parties and relationships for which disclosure is required
 under AS18:
 
 A.  Subsidiary Companies
 
 1.  Bajaj Aviation Private Limited (Step Down Subsidiary)
 
 2.  Bajaj Eco-Tec Products Limited (Wholly owned)
 
 3.  Bajaj Energy Private Limited
 
 4.  Bajaj International Participators Limited, Brazil (Wholly owned)
 
 5.  Bajaj Hindusthan (Singapore) Private Limited, Singapore (Wholly
 owned)
 
 4.  Lalitpur Power Generation Company Limited (w.e.f. December 10,
 2010)
 
 5.  Bajaj Power Generation Private Limited (w.e.f. December 20, 2010)
 (Wholly owned)
 
 B.  Associates and Joint Ventures Bajaj E-biz Private Limited –
 Associate
 
 C.  Directors and their relatives
 
 Mr. Shishir Bajaj - Chairman & Managing Director (Also key management
 personnel)
 
 Mrs. Minakshi Bajaj (Wife of Mr. Shishir Bajaj)
 
 Mr. Kushagra Bajaj - Vice Chairman & Joint Managing Director (Also key
 management personnel) and also son of Mr. Shishir Bajaj
 
 Mr. Apoorva Bajaj (Son of Mr. Shishir Bajaj)
 
 Dr. Sanjeev Kumar, Director (Corporate and Legal Affairs) (Also key
 management personnel)
 
 D.  Enterprises over which any person described in (C) above is able to
 exercise significant influence
 
 1.  Bajaj Capital Ventures Private Limited
 
 2.  Bajaj Infrastructure Development Company Limited
 
 Notes :
 
 1.  Related Party relationship is as identified by the Company based on
 the available information and relied upon by the Auditors.
 
 2.  No amount has been written off or written back during the year in
 respect of debts due from or to related parties.
 
 3.  Purchase of Capital goods includes Rs 28.83 Crore (P.Y. Rs 5.46
 Crore) from Bajaj Infrastructure Development Company Ltd.
 
 4.  Sale of goods includes Rs 280.75 Crore (P.Y. NIL) to M/s Bajaj
 Hindusthan (Singapore) Private Limited and Rs 48.84 Crore (P.Y.  Rs
 16.84) to M/s Bajaj Eco-Tec Products Limited.
 
 5.  Interest received includes Rs 12.47 Crore (P.Y. Rs 3.27 Crore) from
 Bajaj Eco-Tec Products Limited on loan given.
 
 6.  Rent Received includes Rs 0.63 Crore (P.Y. Rs 8.79 Crore) from Bajaj
 Energy Pvt. Ltd.
 
 7.  Rent Paid includes Rs 0.72 Crore (P.Y. Rs 0.72 Crore) to Bajaj
 Capital Ventures Pvt. Ltd.
 
 8.  Remuneration includes Rs 2.18 Crore (P.Y. Rs 2.06 Crore) to Mr.
 Shishir Bajaj, Rs 1.44 Crore (P.Y. Rs 1.49 Crore) to Mr. Kushagra Bajaj
 and Rs 1.22 Crore (P.Y. Rs 0.74 Crore) to Dr. Sanjeev Kumar.
 
 9.  Dividend received includes Rs 0.60 Crore (P.Y. NIL) from Bajaj
 Internacional Participações Ltda., Brazil.
 
 10.  Investment made includes Rs 234.98 Crore (P.Y. NIL) in Lalitpur
 Power Generation Company Ltd.
 
 11.  Investment in Bajaj International Participators Ltda., Brazil
 brought back during the year Rs 4.55 Crore (P.Y. NIl).
 
 12.  Advance given (Project) includes Rs 50.00 Crore (P.Y. Rs 568.42
 Crore) to Bajaj Infrastructure Development Company Ltd.
 
 13.  Advance given (Project) repaid includes Rs 50.00 Crore (P.Y. NIL)
 from Bajaj Infrastructure Development Company Ltd.
 
 14.  Advance given (Against allotment of Shares) includes Rs 26.00 Crore
 (P.Y. NIL) to Bajaj Energy Pvt. Ltd.
 
 15.  Loan given includes Rs 243.28 Crore (P.Y. Rs 90.32 Crore) to Bajaj
 Eco-Tec Products Ltd.
 
 16.  Loan given repaid includes Rs 109.36 Crore (P.Y. Rs 90.32 Crore)
 from Bajaj Eco-Tec Products Ltd.
 
 17.  Guarantees given includes Rs 1,824.00 Crore (P.Y. NIL) for Lalitpur
 Power Generation Company Ltd.
 
 Notes:
 
 * 1. Sales Include inter unit transfer 369,838 MW (Previous year
 308,883 MW) at nil value.
 
 ** 2. Sales include inter unit transfer 363,116 MT (Previous year
 411,997 MT) at nil value. Closing Stock include stock at Distillery
 units 16,377 MT (Previous year 21,571 MT) .
 
 # 3. Installed capacity of alcohol includes Distillery having 60 KL
 capacity given on lease w.e.f. 30th May, 2006.  4. Figures for previous
 year are shown in brackets.
 
 6. Liability for employee benefits has been determined by an actuary,
 appointed for the purpose, in conformity with the principles set out in
 the Accounting Standard 15 (Revised) the details of which are as
 hereunder:
 
 Funded Scheme - Gratuity
 
 7.  In respect of the Zero Coupon Foreign Currency Convertible Bonds
 (FCCBs) aggregating to US$ 12.00 Crore issued by the Company and of
 which FCCBs of US$ 9.96 Crore were outstanding, after
 conversion/repurchase from time to time, the Company has made repayment
 of an aggregate amount of US$ 13.30 Crore, including the redemption
 premium of US$ 3.34 Crore on the due date (February 02, 2011) in
 accordance with the terms and conditions of the said FCCBs.
 
 8.  As required by paragraph 46 inserted vide notification dated March
 31, 2009 to the Accounting Standard AS-11 The Effect of Changes in
 Foreign Exchange Rates, the Company had already opted to adjust the
 exchange fluctuations on Long Term Monetary Items to the carrying cost
 of fixed assets. As per the notification, option for such accounting
 treatment was available for financial year ending on or before March
 31, 2011. However, the said date was extended by one year vide
 notification dated May 11, 2011. Accordingly, the Company has adjusted
 Rs 136.48 Crore being loss on exchange fluctuation on long term monetary
 items for the financial year ended September 30, 2011, to the carrying
 cost of fixed assets.
 
 9.  On September 29, 2011, the Company opened an issue offering
 45,67,14,222 equity shares of face value Re.1/- at a premium of Rs 35/-
 per equity share for an amount aggregating to Rs 1,644.17 Crores on
 rights basis to the existing shareholders of the Company. The issue was
 closed on October 13, 2011. On October 31, 2011, Company made allotment
 of 41,10,42,800 equity shares of face value Re.1/- at a premium of Rs
 35/- per equity share, as finalised in consultation with Designated
 Stock Exchange.  As a result of which, paid up capital stands increased
 to Rs 63.94 Crores divided into 63,93,99,911 equity shares of Re. 1/-
 each.  The Company has raised an amount of Rs 1,479.75 Crores by way of
 rights issue with the principal object of repaying/prepaying certain
 loan funds. These equity shares rank pari passu with the existing
 shares of the Company and would be eligible for the dividend that would
 be approved at the ensuing Annual General Meeting. The Company has
 incurred issue related expenditures of Rs 31.43 Crores till September
 30, 2011 which is included under current assets. These together with
 further expenditures incurred thereafter would be adjusted against the
 Securities Premium account.
 
 Notes:
 
 1.  Loans and Advances shown above, to subsidiaries fall under the
 category of Loans & Advances in the nature of Loans where there is no
 repayment schedule and are re-payable on demand.
 
 2.  All the above loans and advances (outstanding) are interest bearing
 except an amount of Rs 26.00 crores given to Bajaj Energy Private Ltd.
 as Share Application Money.
 
 3.  Loans to employees as per Company''s policy are not considered.
 
 10.  Bajaj International Participators Ltda., Brazil has opted for
 voluntary dissolution as per the applicable regulations of Brazil. The
 Company has filed / in the process of filing the required information
 with the regulators for obtaining dissolution order. During the year,
 the said company has remitted capital amount back to the Company which
 has been credited to Investment.
 
 11.  Pursuant to the General Circular No. 2/2011 dated 8th February,
 2011 of Ministry of Corporate Affairs and consent of the Board of
 Directors vide their resolution passed at the Board Meeting held on
 September 29, 2011 for not attaching the Balance Sheets of
 subsidiaries, the Company has not attached with its Balance Sheet as at
 September 30, 2011, the documents specified in Section 212(1) of the
 Act in respect of its seven subsidiaries, viz. 
 
 (i) Bajaj Eco-Tec Products Limited, 
 
 (ii) Bajaj Aviation Private Limited,
 
 (iii) Bajaj Energy Private Limited, 
 
 (iv) Lalitpur Power Generation Company Limited,
 
 (v) Bajaj Power Generation Private Limited,
 
 (vi) Bajaj Hindusthan (Singapore) Private Limited and 
 
 (vii) Bajaj International Participators Limited and has disclosed the
 requisite information in the Consolidated Balance Sheet as at September
 30, 2011 in Annexure A.
 
 12.  As per Accounting Standard (AS) 17 on Segment Reporting, segment
 information has been provided under the Notes to Consolidated Financial
 Statements.