1.  The Company is the holding company of Balmer Lawrie & Co. Limited
 (BL) by virtue of its acquiring 61.8% Equity shares of BL from IBP Co.
 Ltd, through a scheme of Arrangement and Reconstruction between IBP Co.
 Ltd., Balmer Lawrie Investments Limited and their respective
 shareholders and creditors in terms of Sections 391 to 394 of the
 Companies Act, 1956. The scheme became effective on 5 February, 2002
 with an appointed date of 15th October, 2001.
 
 2.  1,32,46,098 Equity Shares are held by President of India (including
 its nominees).
 
 3.  Related party disclosure
 
 i) Name of Related Party Nature of Relationship
 
 Balmer Lawrie & Co. Limited (BL) Subsidiary Company
 
 Balmer Lawrie (UK) Ltd. (BL - UK) Wholly Owned Subsidiary of BL
 
 PT. Balmer Lawrie - Indonesia An Associate on which the (BL-UK) is
 having
 
 significant influence.  Transafe Services Ltd.  An Associate on which
 the subsidiary of the Company is having significant influence Balmer
 Lawrie-Van Leer Ltd.  - Do -
 
 Balmer Lawrie (UAE) LLC.  - Do -
 
 Avi - Oil India (P) Ltd.  - Do -
 
 Proseal Closures Ltd.  Subsidiary of Balmer Lawrie Van Leer Ltd.
 
 4.  The Company holds 61.8% shares of Balmer Lawrie & Co. Ltd. (BL).
 However, since the control in BL is intended to be temporary because
 the Subsidiary (BL) has been acquired and held exclusively with a view
 to its subsequent disposal in future, Consolidated Financial Statements
 of the company with BL has not been drawn in terms of para 11 (a) of
 Accounting Standard – 21 – Consolidated Financial Statements issued by
 the Institute of Chartered Accountants of India.
 
 5.  Segment Reporting
 
 The Company''s only business is investment in its subsidiary Balmer
 Lawrie & Co. Limited, and hence segment reporting as envisaged by
 Accounting Standard 17 issued by the Institute of Chartered Accountants
 of India is not applicable to the company.
 
 6.  Earnings per share
 
 i) Earnings per share of the company has been calculated considering
 the Profit after taxation of Rs. 24,22,81,697 as the numerator.
 (Previous year Rs. 21,11,20,889).  
 
 ii) The weighted average number of equity shares used as denominator is
 2,21,97,269 (Previous year 2,21,97,269).  
 
 iii) Earnings per share ( Basic and Diluted ) for the year on the above
 mentioned basis comes to Rs. 10.91(Previous year Rs.  9.51)
 
 7.  Previous year''s figures have been re-grouped or re-arranged
 wherever so required to make them comparable with current year figures.