1.  Secured Loans :
 
 (a) Rupee term loans from banks are secured by first pari passu
 mortgage / hypothecation of all the immovable / movable fixed assets,
 present and future of the Companys Birla Centur/, Cement, Pulp & Paper
 and Rayon Divisions (excluding Leasehold Land at Birla Century, Pulp &
 Paper and Soner Bangla Cement Division ) and also a portion of land at
 Worli, Mumbai and second charge created in favour of certain term
 lenders on the current assets of the Company. Loans for the Companys
 Century Denim Division are also secured by mortgage / hypothecation of
 all the immovable / movable fixed assets of the Denim Division (Due
 within one year Rs. 385.17 Crore).
 
 (b) Pre-shipment, Post-shipment, Cash Credits, Working Capital Demand
 Loans and Export Bills Discounting facilities are secured against the
 hypothecation of the whole of the Companys Raw Materials, Finished
 Goods, Material in process, Stores and Spares, present and future Book
 Debts, Receivables, etc. and second charge created over movable and
 immovable fixed assets Companys divisions viz. Birla Century, Cement,
 Pulp & Paper and Rayon Divisions ( excluding Leasehold Land at Birla
 Century, Pulp & Paper and Sonar Bangla Cement division) and also a
 portions of the land at Worli, Mumbai.
 
 (c) The charge created as per para (b) also extends to the guarantees
 given by the banks on behalf of the Company, aggregating Rs. 175.78
 Crore (31.3.2010 Rs. 149.68 Crore).
 
 2.  (a) 44 hectares of land were acquired at Manikgarh Cement Division
 and were subsequently surrendered to the Forest Department, Government
 of India, pursuant to the provisions of the Forest Conservation Act,
 1980. The amount of compensation payable will be accounted for when
 determined by the Collector.
 
 (b) In respect of Manikgarh Cement Division, Land measuring 41.20
 hectares occupied by the Forest Department and disputed by the Company
 was adjudicated by the Collector and the Divisional Commissioner
 (Appeals) in favour of the Company. The Government of Maharashtra on a
 reference made by the Forest Department directed the Collector for a
 fresh demarcation of the site boundaries and has also directed the
 Forest Department to refund the compensation paid by the Company along
 with interest for the land falling within their boundary. The
 Revisional Authority has since observed that approx. 17 hectares of
 land falls within the boundaries of the reserved forest.  The Company
 has filed a writ petition before the Bombay High Court, Nagpur bench
 against the said order.  Adjustments, if any will be made, in the year
 in which the matter is finally settled.
 
 3.  (a) Sundry Creditors in Schedule 8 to the Accounts include (i)
 Rs. 0.95 Crore (31.03.2010 - Rs. 0.20 Crore) due to micro and small
 enterprises registered under the Micro, Small and Medium Enterprises
 Development Act, 2006 (MSME); and (ii) Rs. 866.40 Crore (31.03.2010 -
 Rs. 794.68 Crore) due to other creditors.
 
 (b) No interest is paid / payable during the year to any enterprise
 registered under the MSME.
 
 (c) The above information has been determined to the extent such
 parties could be identified on the basis of the information available
 with the Company regarding the status of suppliers under the MSME.
 
 4.  (a) Unclaimed Fixed deposits amounting to (Rs. 22500) [31.3.2010
 (Rs. 22500)] and (Rs. 3150) [31.3.2010 (Rs.3150)] being interest
 accrued and due thereon remain unpaid in view of the internal disputes
 between the claimants which has been referred to the Court whose
 decision is awaited.
 
 (b) Unclaimed Dividends amounting to Rs. 0.03 Crore (31.3.2010 Rs. 0.02
 Crore) is pending on account of litigation among claimants / Notices
 from Tax Recovery Officer.
 
                                             31.3.2011     31.3.2010
 
                                         (Rs.in Crore)  (Rs. In Crore)
 
 5.  Contingent Liabilities not 
 
 provided for :
 
 (a) Guarantees given by Companys 
 
 bankers [Guarantees have been given 
 
 by the Companys bankers in the normal
 
 course of business and are not expected 
 
 to result in any liability on the              4.49           1.89
 
 Company)
 
 8.  Sales are net of cash discounts Rs. 45.29 Crore (2009-2010 Rs.
 45.11 Crore).
 
 11.  LAND DEVELOPMENT AT WORLI, MUMBAI:
 
 Construction of two commercial buildings with car parking spaces etc.
 has commenced on the Companys freehold land at Worli, Mumbai as
 permitted by the relevant regulations. The buildings will cover a
 constructed area of about 13 lac square feet and are expected to be
 completed by late 2011-12.
 
 12.  The Company has, retrospectively, with effect from 1st April,
 2007, opted to recognise exchange differences arising on reporting of
 long term foreign currency monetary items in line with paragraph 46 of
 Accounting Standard 11 inserted vide Notification No. GSR 225E dated
 31st March, 2009 as per Companies (Accounting Standards) Amendment
 Rules, 2009.
 
 Pursuant to the above, the effect of exchange differences on long term
 foreign currency monetary items, so far as they relate to acquisition
 of depreciable capital assets, have been adjusted to the cost of such
 assets and depreciated over their remaining useful lives. Accordingly
 net exchange gain relating to the financial year 2010-2011 amounting to
 Rs. Nil (Previous year Rs. 0.73 Crore), has been adjusted to the cost
 of fixed assets.
 
 There are no long term foreign currency monetary items which require
 exchange differences to be amortised.
 
 13.  Revenue expenditure on Research and Development activities
 relating to Government recognised in-house Research and Development
 laboratories incurred and charged out during the year through the
 natural heads of account, aggregate Rs. 0.57 Crore (2009-2010 Rs. 0.48
 Crore). No Capital expenditure on Research and Development has been
 incurred during the year.
 
 C.  Other Disclosures
 
 1.  Segments have been identified in line with the Accounting Standard,
 AS-17 Segment Reporting (AS-17), taking into account the organisation
 structure as well as the differing risks and returns.
 
 2.  Company has disclosed Business Segment as the primary segment.
 
 3.  Composition of the Business Segment.
 
 Name of the Segment        Types of products / services comprises of:
 
 a.  Textiles          Yarn, Cloth and Denim Cloth, Viscose Filament 
 
                       Yarn and Tyre Yarn.
 
 b.  Pulp and Paper    Pulp, Writing & Printing paper, Tissue paper,
 
                       Multilayer packaging Board and Fibre line.
 
 c.  Cement            Cement and Clinker.
 
 d.  Others            Salt Works, Chemicals, Floriculture 
 
                       and Real Estate.
 
 4.  Inter segment revenues are recognised at works / factory costs of
 the transferor unit / division or at Sales Price.
 
 5.  The Segment Revenue, Results, Assets and Liabilities include the
 respective amounts identifiable to each segment and amounts allocated
 on a reasonable basis.
 
 24. Sundry Creditors include amounts provided in respect of known
 contractual risks, litigation cases and pending assessments in respect
 of taxes, duties and other levies / claims, the actual outflow on which
 will depend on the outcome of the respective proceedings.
 
 27.  Figures less than Rs.50000 have been shown at actuals in brackets,
 since the figures are rounded off to the nearest lac.
 
 28.  Previous years figures have been regrouped/recast wherever
 necessary.