(Rs. In Lakhs)
 
 Particulars                                  As at         As at
                                          31/03/2011     31/03/2010
 
 1  CONTINGENT LIABILITIES NOT PROVIDED FOR:
 
 a) Claims against the Company not
 acknowledged as debts in respect 
 of certain                               5,187.20       1,484.24
 Income Tax matters.
 
 b) Corporate Guarantees given to Financial Institutions and Banks in
 respect of loans 82,483.00 91,514.00 to Binani Cement Limited, Binani
 Zinc Limited and Goa Glass Fibre Limited (all subsidiaries of the
 Company) -
 
 2 LOANS :
 
 A SECURED
 
 IFCI Ltd - Corporate Loan - Rs. 35,000 Lakhs (Previous Year Rs. Nil).
 
 1) Exclusive pledge over 8,01,40,000 equity shares of Binani Cement
 Ltd. held by the Company. 2) Post dated cheques issued for interest and
 principal repayment.
 
 B UNSECURED
 
 Short Term Loans from Banks
 
 Punjab National Bank - Short Term Corporate Loan - Outstanding Rs. Nil
 (Previous Year Rs. 5,000 Lakhs).
 
 Post dated cheques for repayment of Principal were issued in previous
 year.
 
 Indian Overseas Bank - Short Term Corporate Loan - Outstanding Rs.
 15,000 Lakhs (Previous Year Rs. Nil).
 
 Post dated cheques for repayment of Principal are issued.
 
 Short Term Loans from Subsidiaries
 
 Binani Cement Ltd - Outstanding Rs. 5,500 Lakhs (Previous Year Rs.
 9,032.42 Lakhs) repayable on call basis.
 
 Loans from Others
 
 Syndicate Bank - Corporate Loan - Outstanding Rs. 10,000 Lakhs
 (Previous Year Rs Nil)
 
 3 MANAGEMENT SERVICES FEES : Since 1st April 2008, the Company is
 providing corporate support services related to Accounting, Finance,
 Treasury, Forex / Commodity Risk Management, Purchases , Audit,
 Taxation, Corporate Strategy, Media Services, Project Management etc.
 to its subsidiaries namely Binani Cement Limited, Binani Zinc Limited
 and Goa Glass Fibre Limited on payment of monthly Management Service
 Fees by the subsidiaries.
 
 4 Interest and Financial charges for the year include Rs.38.60 Lakhs
 (Previous Year Rs.527.52 Lakhs) allocated by Binani Cement Limited
 (BCL) and Rs. Nil (Previous Year Rs.26.01 Lakhs) allocated by Goa Glass
 Fibre Limited (GGFL) and are net of interest allocated to GGFL Rs Nil
 (Previous Year Rs.40.60 Lakhs). Allocation of interest is done on the
 basis of daily balances in respective Current Accounts. The interest
 also includes Rs. 30.00 Lakhs (Previous Year Rs. Nil) paid to Binani
 Cement Ltd. on inter corporate deposits recieved from that Company.
 Besides, interest of Rs. 67.64 Lakhs recieved from GGFL during the year
 on the basis of daily balances on its current account has been credited
 to interest income. Both BCL and GGFL are subsidiaries of the Company.
 
 5 Deferred tax asset in respect of unabsorbed depreciation and
 business loss has been recognised to the extent of deferred tax
 liability as there is virtual certainty that these would be available
 as set off in future years on reversal of deferred tax liability
 representing depreciation.
 
 6 During the year, Binani Cement Limited has completed the Reverse
 Book Building process for voluntary delisting of its Equity Shares in
 terms of SEBI (Delisting of Equity Shares), Regulations, 2009. Final
 Application for Delisting of Equity Shares has been fled with Bombay
 Stock Exchange Ltd. (BSE) and National Stock Exchange of India Ltd.
 (NSE). Approvals of the Exchanges are expected shortly.
 
 With a view to provide exit opportunity to the public shareholders of
 Binani Cement Limited under SEBI ( Delisting of Equity Shares),
 Regulations, 2009, during the year the Company has purchased 47,358,222
 number of shares of Binani Cement Limited from its public shareholders
 at a price of Rs. 90.00 per share valuing Rs. 42,622.40 Lakhs.
 
 7 As the Company does not have information as to which of its
 creditors is registered under The Micro, Small and Medium Enterprises
 Development Act, 2006, no disclosure as required by the said Act is
 given.
 
 b) Provision towards liability for Leave Encashment is made on the
 basis of actuarial valuation as per Accounting Standard 15 (Revised).
 Actuarial value of liability as on 31.03.2011 is Rs.81.65 Lakhs (
 Previous Year Rs.33.11 Lakhs) based upon following assumptions.
 
 Discount Rate 8.25%
 
 Salary Escalation 4.00%
 
 8 Previous years figures have been regrouped / reclassified wherever
 necessary.