1) The operating cycle period, as per Revised Schedule VI requirement
 has been determined at individual contract level.
 
 2) The Company has made modifications to the following Accounting
 Policies with effect from 2011 - 12 and onwards mainly to incorporate
 the change in terminologies and regrouping requirements under Revised
 Schedule VI as compared to Pre - revised Schedule VI.
 
 a) Fixed Assets, Capital Work in Progress and Intangible Assets under
 development [previously Fixed Assets, Capital Work in Progress]
 (Policy No. 4)
 
 b) Research & Development Expenditure (Policy No. 7)
 
 c) Government Grants (Policy No. 8)
 
 d) Investments (Policy No. 9)
 
 e) Trade Receivables and Other Receivables [previously Sundry
 Debtors] (Policy No. 11)
 
 f) Income Tax (Policy No. 12)
 
 g) Foreign Currency Transactions (Policy No. 14)
 
 h) Technical Know How (Policy No. 17)
 
 All the above modifications have no impact on profit for the year nor
 are they expected to have a material effect in later years.
 
 3) a) The Company has been sanctioned working capital limit of Rs.
 1,80,000 by Consortium Bankers (SBI Lead Bank). The sanctioned limit
 includes a sub limit of Rs. 20,000 of fund based limit (interchangeable
 with non fund based LC limits).
 
 b) The interest rate payable on fund based limit is linked to SBI Base
 Rate plus 1%. (Interest rate payable as on 31.03.2012 is 11% p.a.).
 
 c) The amount utilised is re-payable on demand. Utilisation as on
 31.03.2012 is NIL ( NIL)
 
 d) The above sanction limit is secured by hypothecation of Inventories
 and Trade Receivables.
 
 4) Letters requesting confirmation of balances have been sent in
 respect of Trade Receivables, Trade Payables, Advances and Deposits.
 Wherever replies have been received, reconciliation has been done and
 provisions / adjustments have been made wherever considered necessary.
 
 5) Liability, if any, in respect of labour matters under dispute before
 various judicial authorities is not ascertainable, but is expected to
 be not material.
 
 6) Excise Duty which is paid during the year in respect of
 turnover is shown as a deduction from turnover (Gross) in the Statement
 of Profit and Loss. Excise Duty - Others which is included in
 Note No. 28 - Other Expenses represents incremental provision of
 Excise Duty on Finished Goods, Excise Duty on Sale of Scrap, etc.
 
 7) The Company is engaged in manufacture and supply of strategic
 electronic products primarily to Defence Services and hence, it would
 not be in public interest for the Company to present segment
 information. For similar reasons, the Company has been granted
 exemption from publication in the annual accounts, the quantitative
 particulars required under Schedule VI to the Companies Act, 1956. The
 SEBI has also granted exemption, for these reasons, to the Company from
 publication of segment information required under Accounting Standard
 17 (AS 17) in quarterly unaudited financial results. Hence Segment
 information required under Accounting Standard 17 (AS 17) is not
 disclosed. Such non-disclosure has no financial effect.
 
 8) Trade Receivables as on 31.03.2012 includes Rs. 14,615 which has not
 been billed to MTNL pending completion of installation and
 commissioning activity in respect of Convergent Billing Project.
 
 9) Related Party Disclosure :
 
 (a) The related parties and their relationship with the Company are as
 under :
 
 - Subsidiary Company viz., BEL Optronic Devices Ltd., (Equity Holding
 92.79% );
 
 - Joint Venture Companies:
 
 GE BE Private Ltd., (Equity Holding 26% ); and BEL Multitone Private
 Ltd., (Equity Holding 49% )
 
 (b) Management Contracts including deputation of Employees : Two
 Officials (Managers) of BEL have been deputed to BELOP (Subsidiary) and
 their salary, etc., is paid by BELOP during the year as per terms and
 conditions of employment. As on 31 March 2012, One Official (Manager)
 is on deputation with BELOP.
 
 10) The Company has prepared these financial statements as per the
 format prescribed by Revised Schedule VI to the Companies Act, 1956
 issued by Ministry of Corporate Affairs. Previous year''s figures have
 been regrouped / reclassified to conform to the classification required
 by the Revised Schedule VI. Previous year''s figures have also been
 regrouped / reclassified wherever otherwise considered necessary.
 Figures in brackets relate to previous year.