Current Year     Previous Year
                           Rupees            Rupees
 
 1 Estimated amount of 
 contracts remaining to be 
 executed on capital 
 account and not provided for 
 (Net of advances)         272,21,65,628    58,31,36,817
 
 2 Contingent Liabilities in respect of:
 
 a) Guarantees given by the 
 Companys bankers on behalf of the
 Company against the Companys 
 indemnity                   11,56,09,293   11,23,04,431
 
 b) Corporate Guarantee given 
 by the Company to President of India
 through commissioner of 
 Custom                     650,00,00,000       NIL
 
 c) Interest payable on 
 redemption of Foreign 
 Currency Convertible Bonds
 Series B                      NIL         6,63,40,768
 
 d) Disputed claims for excise, 
 sales tax and service tax    13,63,57,729  10,47,06,650
 
 e) Disputed income tax 
    demands                   13,87,94,873   8,10,81,240 
 
 (The outflow in respect of contingent liabilities is
  totally uncertain as the same depends on the final outcome 
 of the disputes, wherever applicable)
 
 3 Nature of security in respect of “Secured Loans”
 
 I Working Capital Loans from Banks:
 
 Cash Credits, Packing Credit, Bills Discounting and Buyers Credit:
 
 Secured by first charge by way of hypothecation of stock of raw
 materials, stores and spares, stock in process, finished goods,
 material in transit, book debts and other movables on pari-passu basis
 and further secured by second parri-passu charge on fixed assets of the
 Company, both present and future.
 
 II Term Loans from Bank:
 
 Secured by hypothecation by way of first parri-passu charge on the all
 present and future movable assets of the Company situated at
 Chopanki,Waluj and Bhiwadi units.
 
 III Term Loans from Others
 
 DEG - Deutsche Investitions-und Entwicklungsgesellschaft mbH (In the
 previous year) Secured by pari-passu first charge on entire fixed
 assets of the Company, situated at Bhiwadi and Chopanki units and Wind
 farm at Jaisalmer, all in the state of Rajasthan.
 
 4 Miscellaneous Income :
 
 Miscellaneous Income includes Rs.37,66,616 (Previous Year Rs.47,79,584)
 in respect of refund of Regulatory Liability Charges paid in earlier
 years to Maharashtra State Electricity Board.
 
 5 Pursuant to the sanction of the Honourable High Court, Bombay to the
 scheme of amalgamation, the assets and Liabilities of BKT Moulds
 Limited, a subsidiary of the Company, have been amalgamated with the
 Company with effect from 01/06/2010 in accordance with the Scheme so
 sanctioned. The effect of the amalgamation has been given in the
 accounts as per the Scheme sanctioned.
 
 The amalgamation has been accounted for under the “The Purchase Method”
 as prescribed by AS-14. Accordinly the Assets and Liabilities of BKT
 Moulds Limited have been taken over on the basis of their fair values.
 As a result an amount of Rs.1,06,06,067 is transfered to Capital
 Surplus Reserve. (Reference is also invited to Note no. 16(c)
 hereunder).
 
 18 SEGMENT INFORMATION
 
 a) Primary Business Segments:-
 
 The Company has only one business segment, namely Tyres(including Tubes
 and Flaps) therefore primary business segment reporting as required by
 AS-17 is not applicable.
 
 20 I) Related Party Disclosures *
 
 (Where transactions have taken place)
 
 a) Key Management Personnel (KMP)
 
 Mr. Arvind M. Poddar - Managing Director, Mr.Rajiv A. Poddar -
 Executive Director , Mr. Anurag P. Poddar - Executive Director Mr.
 B.K.Bansal - Director Finance.
 
 b) Relatives of Key Management Personnel : Mrs. Khushboo R. Poddar
 (w.e.f. 14/04/2010).
 
 c) Other Related Parties -(Enterprises-KMP having significant
 influence/owned by major shareholders) Siyaram Silk Mills Ltd., Govind
 Rubber Ltd., SPG Infrastructure Ltd., GRL International Ltd.,BKT Moulds
 Ltd.,Balgopal Holding & Traders Ltd.,S P Finance & Trading Ltd., S P
 Investrade (India) Ltd.,Sanchna Trading & Finance Ltd.,Poddar Brothers
 Investment Pvt. Ltd.
 
 25 a) As at 31st March,2011, 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.  b) The above information regarding Micro,
 Small and Medium Enterprises has been determined to the extent such
 parties have been identified on the basis of information available with
 the Company. This has been relied upon by the auditors.
 
 26 Foreign Currency Convertible Bonds (FCCB)
 
 During the year the Company has repaid 4.5% FCCB series B aggregating
 to USD 22 million on due date(i.e 30/12/2010).
 
 27 Derivative Instruments
 
 a) Hedging Contracts :
 
 i) The Company uses forward exchange contracts to hedge its exposure to
 foreign exchanges and the Company does not use
 
 such contracts for trading or speculation purpose.  ii) Derivative
 Instruments outstanding
 
 29 a) Figures in brackets in Notes 9,10,11,18, and 20 pertain to
 previous year.
 
 b) The Previous year figures have been re-arranged and/or regrouped
 wherever necessary to make them comparable.