1.  Contingent Liabilities not provided for -
 
 (a) Bills discounted with Banks remaining outstanding - Rs. 1394.87
 (Previous Year Rs. 995.09).
 
 (b) Guarantees and Counter-guarantees - Rs. 2366.41 (Previous Year Rs.
 1596.11).
 
 (c) Amount of Customs Duty which may have to be paid on account of
 non-fulfillment of Export Obligation under EPCG Scheme and Duty
 Exemption (Advance Authorisation) Scheme is Rs. 685.15 and Rs. 1142.09
 (Previous Year Rs. 747.20 and Rs. 759.15) respectively.
 
 (d) The Company is liable to contribute up to a maximum of Rs. 0.75
 (Previous Year Rs. 0.75) to C.A.C.O. in the event of its being wound-up
 during the time the Company continues to be its member or within one
 year thereafter.
 
 (e) Claims/Disputes/Demands not acknowledged as debts -
 
                                              2010-11    2009-10
 
 i) Demand notice for levying sales tax on 
 packing material at the rate
 applicable on cement. 
 Writ petition has been filed and the matter 
 is pending before Honble High Court, 
 Chandigarh.                                  161.07     161.07
 
 ii) Demand for Water Supply Charges under 
 Rajasthan Irrigation & Drainage Act, 1954. 
 Writ petition has been filed before the 
 Honble High Court, Rajasthan which has 
 granted stay in the matter.                  147.16     147.16
 
 iii) Additional U. R Sales Tax demanded by 
 enhancing the value of cement. The case has been
 decided by Tribunal in Companys favour. 
 Department has filed revision petition before
 Honble High Court, Allahabad against order 
 of the Tribunal. The High Court has remanded
 the case to UP Trade Tax Tribunal.           146.40     146.40
 
 iv) Demand for interest on delayed payment of 
 Entry Tax raised by the U.R Trade Tax Department.
 Allahabad. Writ petition has been filed 
 before the Honble High Court, Allahabad 
 which has granted stay in the matter.        158.46     158.46
 
 v) Cenvat Credit taken on GTA service on the 
 basis of TR-6 challan disallowed. Appeal 
 filed before the CESTAT, New Delhi and stay 
 granted in the matter.                       190.94     190.94
 
 vi) Excise Duty rebate received in earlier 
 year by a Unit of the Company has been 
 protested by the excise authorities before the 
 Honble Supreme Court. The matter has been 
 remitted to the Assistant Commissioner of 
 Central Excise. Hearing held and order 
 awaited.                                     969.13     969.13
 
 vii) Stamp Duty for registration/execution
 of deed of certain Limestone Mining Lease. 
 The matter is pending before the Honble 
 Supreme Court.                               777.60     777.60
 
 viii) Entry Tax as per U.R VAT Act on 
 clinker received at Raebareli from Satna. 
 The matter is pending before the Honble 
 Supreme Court.                               639.71     639.71
 
 ix) Renewable Energy Surcharge on account of
 shortfall of energy purchase from renewable energy
 sources as per Rajasthan Electricity Regulatory 
 Commission notification dt. 23.03.2007. The
 matter is pending before the Honble High 
 Court, Rajasthan.                           1726.67    1089.74
 
 x) Demand for Entry Tax under Rajasthan Tax 
 on entry of goods into Local Area Act, 1999. 
 Stay has been granted by the Honble High 
 Court, Rajasthan.                             NIL       631.00
 
 xi) Appeal filed by the Excise Department 
 before CESTAT, New Delhi on account of 
 allowance of tolerance limit in weighment of 
 packed cement which was earlier allowed in
 favour of the Company.                       141.93     141.93
 
 xii) Demand for VAT including penalty and 
 interest by ACCT (Audit), Patna under Bihar VAT
 Act, 2005. The matter is pending before 
 Jt. Commissioner (Appeal), Patna.           1241.14    1241.14
 
 xiii) Demand of penalty by SDO, Raghuraj 
 Nagar, for alleged impermissible mining 
 in Village Naina.
 Writ Petition has been filed and stay has 
 been granted by Honble High Court.         1160.00      --
 
 xiv) Demand under Income Tax Act, 1961 for
 Assessment Year 2008 - 09.The matter is pending
 before CIT (Appeals).                       4102.73      --
 
 xv) Other Claims/Disputes/Demands (being less than Rs. 100.00) pending in
 various legal forums for Sales Tax, Excise Duty & Service Tax.  Rates &
 Taxes, E.S.I., Electricity Duty & Surcharge, Electricity Charges, and
 other claims - ^188.91, Rs. 278.28, Rs. 119.58, Rs. 4.91, Rs. 0.56.  Rs. 99.15, Rs.
 312.28 (Previous Year Rs. 158.59, Rs. 269.69, Rs. 114.20, Rs. 4.91, Rs. 0.56, Rs.
 99.15, and Rs. 327.68) respectively.
 
 2.  Estimated amount of contracts remaining to be executed on Capital
 Account (Net of advances) and not provided for Rs. 14173.19 (Previous
 Year * 20600.89).
 
 3.  Disputed amount of Rs. 68.61[Paid under protest Rs. 68.61]
 (PreviousYear Rs. 68.61[Paid under protest Rs. 68.61] ) in respect of
 difference of Fuel Cost Adjustment Charges, Rs. 461.31 [Paid under
 protest Rs. 75.00] (Previous Year Rs. 450.83 [Paid under protest Rs. 75.00] )
 in respect of demand of Water Supply Charges, Rs. 355.19 [Paid under
 protest Rs. 69.70] (Previous Year Rs. 206.02 [Paid under protest Rs. 69.70] )
 in respect of Surcharge on
 
 Electricity, Rs. 3464.25 [Paid under protest Rs. 2309.50] (Previous Year Rs.
 3151.08 [Paid under protest Rs. 1782.88] ) in respect of demand of
 Royalty on Limestone including interest thereon, Rs. 992.98 [Paid under
 protest Rs. 9.48] (Previous Year Rs. 655.46 [Paid under protest Rs. 9.48] )
 in respect of MODVAT/CENVAT claims, Rs. 672.20 [Paid under protest Rs.
 98.66] (Previous Year Rs. 765.99 [Paid under protest Rs. 114.16]) in
 respect of Sales Tax/VAT and Rs. 659.02 [Paid under protest Rs. 152.50]
 (Previous Year Rs. 692.75 [Paid under protest Rs. 152.50]) in respect of
 Excise Duty have not been provided for as the matters are subjudice.
 
 4.  The Company has mortgaged a portion of land at Birlapur and
 Chanderia as security for subsidies received under Subsidised Housing
 Scheme for Industrial Workers.
 
 5.  Capital Work-in-progress includes other expenses during
 construction for project Rs. 142.25 (Previous Year Rs. 40.15).
 
 6.  Stores, Spare Parts etc under Schedule 8 Inventories include Rs.
 128.58 (Previous Year Rs. 135.10) on account of Fixed Assets held for
 disposal.  The same has been valued at Cost or Net Realisable value,
 whichever is lower.
 
 7.  Provision for current tax has been made u/s 115JB of the Income Tax
 Act, 1961. The company has not accounted for MAT credit u/s 115JAA of
 Rs. 925.00 as, in the opinion of the management, the company may
 continue to pay tax u/s 115JB of the Income Tax Act, 1961 in view of
 capital expenditure plans.
 
 8.  Advances to Employees Rs. 0.90 (Previous Year Rs. 0.37) are under
 litigation.
 
 9.  Certain Sundry Debtors, Loans and Advances and Creditors are
 subject to confirmation.
 
 10.  Loans and Advances include:
 
 (a) Rs. 204.36 (Previous Year Rs. 201.11) to Lok Cements Ltd., a
 subsidiary, being interest free for setting up new projects and will be
 realised / adjusted on implementation of projects. The maximum amount
 outstanding at any time during the year Rs. 204.36 (Previous Year Rs.
 201.11).
 
 (b) Rs. NIL (Previous Year Rs. NIL) to Budge Budge Floorcoverings Ltd., a
 subsidiary, being interest free. The maximun amount outstanding at any
 time during the year Rs. 0.07 (Previous Year Rs. 0.19).
 
 (c) Rs. Nil (Previous Year Rs. NIL) to Talavadi Cement Limited., a
 subsidiary, being interest free. The maximum amount outstanding at any
 time during the year Rs. 94.36 (Previous Year Rs. 1.31).
 
 11.  The Company has made payments to Micro, Small and Medium
 Enterprises (MSMEs) as defined in the Micro, Small, Medium Enterprises
 Development Act, 2006, within the appointed date during the year and
 there are no MSMEs to whom the Company owes dues on account of
 principal amount together with interest at the Balance Sheet date,
 hence no additional disclosures have been made. The above information
 and that given in Current Liabilities - Schedule 12 regarding MSMEs
 has been determined to the extent such parties have been identified on
 the basis of information available with the Company.
 
 12.  (a) Outstanding Forward Exchange Contracts booked for the purpose
 of hedging receivables are USD NIL and EURO 0.88 (Previous Year USD
 
 2.70 and EURO NIL) and payables are USD 170.00 and EURO 20.00 (Previous
 Year USD 45.00 and EURO NIL). Outstanding Cross Currency Swap Contracts
 booked for the purpose of hedging payables are CHF/USD 78.65 , CHF/EURO
 4.55 and JPY/USD NIL (Previous Year CHF/USD 76.04, CHF/EURO NIL and
 JPY/USD 479.31).
 
 (b) Unhedged foreign currency receivables are USD 14.80, GBP 0.30 and
 EUR 0.75 (Previous Year USD 4.95, GBP NIL and EUR NIL ) and payables
 are USD 323.77, EUR 1.10, CHF 0.17 and JPY NIL (Previous Year USD
 233.93, EUR 2.73, CHF 22.77 and JPY 0.26).
 
 (c) The marked to market gain amounting to Rs. 10.08 (Previous Year Rs.
 4.16) on Forward Exchange Contracts for firm commitments and highly
 probable forecast transactions has not been accounted for.
 
 13.  Although the market value of Investment in Birla Ericsson Optical
 Ltd. is lower than cost, considering the long term and strategic nature
 of the investment, in the opinion of the management, such decline is
 temporary in nature and no provision is necessary for the same.
 
 14.  Liability in respect of compensation/penalty, if any, for
 non-compliance of Jute Packaging Materials (Compulsory use of Packaging
 Commodities) Act, 1987 up to 30th June, 1997 being unascertainable
 shall be accounted for as and when settled.
 
 15.  Miscellaneous Income under Schedule 15 includes Rs. 645.37 lacs on
 account of foreign exchange gain (Previous Year Rs. 700.76 lacs).
 
 16.  There being uncertainties in realisation from Insurance Claims,
 the same are accounted for on settlement/realisation.
 
 17.  The closing stock of Certified Emission Reductions (CERs) as on
 31st March 2011 is 87157 units (Previous Year 96145 units).
 
 18.  Repairs to Buildings, Repairs to Machinery, Salary, Wages &
 Bonus etc and Transporting & Forwarding Expenses includes Voluntary
 Retirement Payments to employees on separation Rs. NIL, Rs. 12.93, Rs. 225.46
 and Rs. 5.48 (Previous year Rs. 5.46, Rs. 11.14, Rs. NIL and Rs. NIL)
 respectively.
 
 19.  Sundry Adjustments include prior periods adjustments of Rs. 34.14
 (Net Debit) [Previous Year Rs. 9.47 (Net Debit)].
 
 20.  The Companys Unit: Soorah Jute Mills is under Suspension of
 Operations since 29th March, 2004.
 
 21.  a) As defined in Accounting Standard - 18, the Company has a
 related party relationship in the nature of control over its
 subsidiaries namely :
 
 Birla Jute Supply Company Ltd (Formerly Assam Jute Supply Company Ltd.)
 
 Talavadi Cements Ltd.
 
 Lok Cements Ltd.
 
 Budge Budge Floorcoverings Ltd.
 
 Birla Cement (Assam) Ltd.
 
 Birla North-East Cement Ltd.
 
 New-Age Cement Ltd.
 
 Thiruvaiyaru Industries Ltd.
 
 M.R Birla Group Services Pvt. Ltd.
 
 b) Other related parties with whom transactions have taken place during
 the year and previous year are :
 
 Key Management Personnel Shri Bachh Raj Nahar, E.D. & Chief Executive
 Officer
 
 22.  Figures for the Previous Year have been regrouped wherever
 necessary.