31st March, 2011    31st March, 2010
                         Rs. in Lakhs  Rs. in Lakhs          Rs. in Lakhs
 
 1.  Contingent Liabilities 
 not provided for 
 in respect of:
 
 (i) Disputed Sales 
 Tax demands                            153.66            135.95
 
 (ii) Disputed Excise 
 Duty demands                           410.09            410.09
 
 (iii) Disputed Custom 
 Duty Demand                            305.83            305.83
 
 (iv) Disputed Income 
 Tax Demands                            204.47            100.00
 
 (v) Claims against the 
 Company not acknowledged 
 as debts                                  3.56             3.56
 
 2.  Estimated amount of 
 contracts remaining to 
 be executed on                           872.42          143.51 
 capital account and not 
 provided for (net of advances)
 
 3. Professional Charges include :
 
 (a) To Auditors : (net of Service Tax)
 
 (i) Audit Fees                             13.00          13.00
 
 (ii) Tax Audit Fee                          1.20           1.20
 
 (iii) Company Law and other matters         0.23           0.23
 
 (iv) Certifications                         0.15           0.15
 
 (v) Reimbursement of Out of 
 Pocket Expenses                             0.32           0.18
 
                                            14.90          14.76
 
 (b) To Cost Auditors 
 (net of Service Tax)                         0.36          0.33
 
 4. Disclosure under the Micro, 
 Small and Medium Enterprises
 Development Act.
 
 (a) There are no Micro and Small enterprises to whom the Company owes
 dues which are outstanding for more than 45 days as at 31st March,
 2011. This information as required to be disclosed under the Micro,
 Small and Medium Enterprises Development Act, 2006 has been determined
 to the extent such parties have been identified on the basis of
 information available with the Company.
 
 5 RELATED PARTY DISCLOSURES: 
 
 I.  RELATED PARTIES
 
 A.  Key Management Personnel.
 
 A1. Mr. Nikhil J. Danani, Vice Chairman & Managing Director
 
 A2. Mr. Nakul R Mehta, Vice Chairman & Managing Director
 
 A3. Mr. Shome N. Danani, Executive Director (son of Mr. Nikhil J.
 Danani)
 
 B.  Relatives of the Key Management Personnel
 
 B1. Mr. Jaisingh R. Danani, a non-executive Director (father of Mr.
 Nikhil J. Danani) B2. Ms. Avanti R Mehta (sister of Mr. Nakul R Mehta)
 B3. Ms. Sita P. Mehta (sister of Mr. Nakul P. Mehta)
 
 C.  Enterprises over which any of (A) or (B) can exercise control or
 significant influence C1. Danmet Chemicals Pvt. Ltd.
 
 C2. Nasivan Investments Pvt. Ltd.
 
 Related parties relationship as stated in l(A) to l(C) above are as
 identified by the Company and relied upon by the Auditors.
 
 6.  Previous Years figures have been regrouped wherever necessary.