1.  Contingent liabilities not provided for: -       (Rs. in Lacs)
 
 Nature of Liability                           As at 31st 
                                              March, 2011  As at 31st 
                                                          March, 2010
 
 (i) Disputed Sales Tax liabilities               1021.82     1088.16
 
 (ii) Claims against the Company not 
 acknowledged as debts                             164.58      164.58
 
 Total:                                           1186.40     1252.74
 
 Note: The Company has contested the above demands and claims at various
 levels. Future cash outflows in respect of these are determinable only
 upon judgments/decisions at various forums.
 
 2. The Company has other recoverables aggregating Rs. 471.67 Lacs
 (Previous Year Rs. 721.76 lacs) from Birla TransAsia Carpets Limited
 (BTCL), a sick industrial undertaking. BTCL has made a reference to the
 Board for Industrial and Financial Reconstruction (BIFR).
 
 The management relies on the estimations made by an independent valuer
 in respect of the realizable values of assets viz. land, buildings and
 plant and machinery of BTCL and accordingly considers its exposures to
 be good and adequately covered and expects full realisability of the
 same in future.
 
 3(a) The Company had entered into an agreement with Blue Bird India
 Limited, to recover its debts amounting to Rs. 4318.68 Lacs, under an
 arrangement, during the accounting year 2007-08. The Company has
 recovered Rs. 4095.19 Lacs up to the period 31 -03-11. The balance
 outstanding amount of Rs. 223.49 Lacs is expected to be recovered by
 end of the Current Financial Year 2011-12.
 
 (b) The Company had entered into an agreement with Dee Square
 Technologies Pvt. Ltd., to recover its debts amounting to ^ 1158.52
 Lacs, under an arrangement during the Accounting Year 2009-10. The
 Company has recovered Rs. 365.36 lacs during the Year 2010-11. The
 Balance outstanding amounts of Rs. 793.16 lacs are expected to be
 recovered by March, 2013, as per the Agreement.
 
 4.  The Company had entered into an agreement with Mona Futuristic
 Telecom Private Limited, to recover its advances amounting to Rs.
 3205.22 Lacs, under an arrangement during the Accounting Year 2009-10.
 The Company has recovered the entire amount during the Year 2010-11.
 
 5.  The Company has, during the year, given Loans amounting to * 760.00
 lacs to M/s Shearson Investment & Trading Company Pvt. Ltd. and Rs.
 1011.00 lacs M/s Godavari Corporation Pvt. Ltd. in which Directors are
 interested. The Company had not sought permission from the Central
 Government as required under section 295 ( 1 ) of the Companies Act,
 1956 for these transactions. Accordingly, the Company has filed suomoto
 compounding application with the Registrar of Companies, Mumbai.
 
 6.  The Company during March, 2006 had a public issue of Equity Shares,
 which was over subscribed. As per SEBI rules, refund orders were issued
 to the subscribers in respect of the excess amounts. An amount of Rs.
 14.41 Lacs (Previous Year Rs. 14.41 Lacs) is pending for encashment as
 at 31st March, 2011.
 
 (b) Defined Contribution Plan:
 
 An amount of Rs. 140.07 Lacs (Previous Year Rs. 131.58 Lacs) is
 recognized as an expense and included in Schedule 18 Contribution to
 Provident and other Funds to the Profit and Loss Account.
 
 1.  The Primary Segment identifiable is as follows:
 
 (i) Power and Allied Products: Manufacturing HKVA and Portable
 Generators, Engines, Pumps, Power Tillers, Inverters and Trading of
 Allied Products.
 
 (ii) Power Generating Equipment / Spares: Trading of Power Generating
 Equipment and Spares, Electrical appliances & Miscellaneous Components.
 
 (Hi) Others: Wind Mill energy Generation.
 
 (iv) Previous year figures have been regrouped/ rearranged wherever
 considered necessary.
 
 2.  Company''s major revenue are from Domestic Market so disclosure of
 Secondary Segment Information as per geographical customers has not
 been considered necessary.
 
 3.  Previous year figures have been regrouped/rearranged wherever
 considered necessary.  ,
 
 4.  The figures in brackets indicate the previous year figures.
 
 7.  Taxation:
 
 (a) Provision for Income Tax for the current year has been made under
 normal provision of the Income Tax Act, 1961.
 
 8.  Micro, Small and Medium Enterprise Dues:
 
 Sundry Creditors includes Rs. 42.58 Lacs (Previous Year Rs. 94.88 Lacs)
 due to Micro, Small and Medium Enterprises.
 
 9. The Company has issued and allotted 1,062,192,350 Equity Shares of
 the face value of Re 1 per Share at a premium ofRs. 1.35 per Share
 under the GDR Offer aggregating Rs. 24961.52 lacs on 9th.July, 2010.
 The proceeds are intended to be utilized for General Corporate Purpose
 and long term Working Capital requirements. Pending utilization, the
 amounts are held in deposit account with a bank.
 
 10.  The figures of the previous year have been rearranged and/ or
 regrouped wherever considered necessary to facilitate comparisons.