1.  Contingent liabilities (not provided for) in respect of:
                                                         (Rs Million)
 Sl. Particulars                                    2010-11  2009-10
 
 a)  Claims against the Company not                    8.22   386.69 
     acknowledged as debts
 
 b)  Guarantees/Counter Guarantees                        -    14.70 
     given to banks on account of
     loans given by the banks to Bodies 
     Corporate 
 
 c)  Demand raised by Income tax                     207.22   111.16 
     authorities in dispute 
 
 d)  Demand raised by custom,                        227.51   729.29 
     excise, entry tax, service tax and
     sales tax authorities in dispute 
 
 e)  Other money for which the                         1.50    11.93 
     Company is contingently liable
 
 Based on favourable decisions in similar cases, legal opinion taken by
 the Company, discussions with the solicitors etc, the Company believes
 that there is a fair chance of favourable decisions in respect of the
 items listed above and hence no provision is considered necessary
 against the same.
 
 2.  Computation of net profit in accordance with Section 349 of the
 Companies Act, 1956 for calculation of commission payable to Directors:
 
 3.  In the opinion of the Board and to the best of their knowledge and
 belief, the value on realisation of loans, advances and current assets
 in the ordinary course of business will not be less than the amount at
 which they are stated in the Balance Sheet.
 
 4.  Operating Lease
 
 Assets taken on lease
 
 Office premises are obtained on operating lease. The lease term is for
 3 years. There is no escalation clause in the lease agreement.
 
 Assets given on lease
 
 The Company had leased out building, plant and machinery etc on
 operating lease during the earlier period. The lease term was for 10
 years and thereafter not renewable. There was no escalation clause in
 the lease agreement. There were no restrictions imposed by lease
 arrangements. Contingent rent recognized in the Profit & Loss Account
 for the year was Rs Nil (RsNil).
 
 Difference in quantitative tally is on account of captive consumption/
 shortage/excess/damages etc.
 
 5.  Gratuity and Other Post Employment Benefit Plans
 
 Gratuity
 
 The Company has a defined benefit gratuity plan. Every employee who has
 completed five years or more of service gets a gratuity on departure at
 15 days salary (last drawn salary) for each completed year of service.
 The Scheme is funded with an insurance company in the form of a
 qualifying insurance policy.
 
 The estimates of future salary increases, considered in actuarial
 valuation, takes into account inflation, seniority, promotion and other
 relevant factors, such as supply and demand in the employment market.
 
 Provident Fund
 
 The Guidance note issued by Accounting Standard Board (ASB) on
 implementing AS 15, Employee Benefit (Revised 2005) states that
 provident funds set up by the employers, which require interest
 shortfall to be met by the employer, needs to be treated as defined
 benefit plan. The fund does not have any existing deficit or interest
 shortfall. In regard to any future obligation arising due to interest
 shortfall (i.e. government interest to be paid on provident fund scheme
 exceeds rate of interest earned on investment), pending the issuance of
 Guidance Note from the actuarial society of India, the Company''s
 actuary has expressed his inability to reliably measure the same.
 
 6.  Segment Information
 
 Primary Segment: Business Segment
 
 The Company''s operating businesses are organized and managed separately
 according to the nature of products manufactured and services provided.
 The identified reportable segments are Own Manufactured Sugar, Power
 and Others.
 
 The Own Manufactured Sugar Segment includes manufacture and marketing
 of Sugar.
 
 The Power Segment includes generation and sale of Power. Power is
 also used for captive consumption by the Company
 
 The ''Others'' segment'' includes Magnesite , Distillery, Travel, and
 Electronics activities of the Company.
 
 The company caters mainly to the needs of the domestic market. The
 export turnover is not significant in the context of total turnover. As
 such there are no reportable Geographical Segments.
 
 7.  Related Party Disclosure as required by Accounting Standard-18.
 
 a) List of related parties along with nature and volume of transactions
 is given below:
 
 Subsidiaries of the Company
 
 Himshikhar Investment Limited, Dalmia Solar Power Limited and Dalmia
 Sugar Ventures Limited
 
 Key Management Personnel of the Company
 
 Shri J.H.Dalmia- Vice-Chairman, Shri Y.H.Dalmia - Vice-Chairman, 
 Shri Gautam Dalmia - Managing Director, Shri Puneet Yadu Dalmia - 
 Managing Director and Shri T. Venkatesan - Whole Time Director 
 (upto October 31,
 2010).
 
 Relatives of Key Management Personnel
 
 Shri V.H. Dalmia (Brother of Vice-Chairman), J.H.Dalmia (HUF), Smt.
 Kavita Dalmia (Wife of Vice- Chairman), Y.H.Dalmia (HUF), Smt. Bela
 Dalmia (Wife of Vice-Chairman), Shri Gautam Dalmia (HUF), Smt. Anupama
 Dalmia (Wife of Managing Director), Smt. Avantika Dalmia (Wife of
 Managing Director), Kumari Shrutipriya Dalmia (Daughter of
 Vice-Chairman), Kumari Sukeshi Dalmia (Daughter of Managing Director ),
 Kumari Vaidehi Dalmia (Daughter of Managing Director), Kumari Sumana
 Dalmia (Daughter of Managing Director), Kumari Avanee Dalmia (Daughter
 of Managing Director), Mst. Priyang Dalmia (Son of Managing Director)
 Shri M.H.Dalmia (Brother of Vice-Chairman) and Smt. Abha Dalmia (Wife
 of Brother of Vice-Chairman) and Smt. Kala Venkatesan (Wife of Whole
 Time Director (upto October 31, 2010)
 
 Associate of the Company
 OCL India Limited (upto March 31, 2010)
 
 Joint Venture of the Company
 Khappa Coal Company Private Limited (upto March 31, 2010)
 
 Enterprises controlled by the Key Management Personnel of the Company
 
 Rama Investment Company Private Limited, Puneet Trading & Investment
 Company Private Limited, Kavita Trading & Investment Company Private
 Limited, Sita Investment Company Limited, Mayuka Investment Limited,
 Ankita Pratisthan Limited, Himgiri Commercial Limited, Valley Agro
 Industries Limited, Shri Nataraj Ceramic and Chemical Industries
 Limited, Shri Chamundeswari Minerals Limited, Shree Nirman Limited,
 Keshav Power Private Limited, Avanee and Ashni Securities Private
 Limited, ZipAhead.Com Limited, Alirox Abrasives Limited, Sukeshi Trust,
 Vaidehi Trust, Sumana Trust, Shrutipriya Dalmia Trust, Priyang Trust,
 Avanee Trust, New Habitat Housing Finance and Development Limited,
 Dalmia Bharat Enterprises Limited, Dalmia Power Limited, Kanika
 Investment Limited ,Arjuna Brokers & Minerals Limited, Dalmia Cement
 Ventures Limited, D.I. Properties Limited, Dalmia Minerals & Properties
 Limited, Geetee Estates Limited, Hemshila Properties Limited, Ishita
 Properties Limited, Shri Radha Krishna Brokers & Holdings Limited, Shri
 Rangam Properties Limited, Sri Dhandauthapani Mines and Minerals
 Limited, Sri Madhusudana Mines and Properties Limited, Sri Shanmugha
 Mines & Minerals Limited, Sri Subramanya Mines & Minerals Limited, Sri
 Swaminatha Mines & Minerals Limited, Sri Trivikrama Mines and
 Properties Limited, Golden Hills Resort Private Limited, Rajputana
 Properties Private Limited, Cosmos Cements Limited,Sutnga Mines Private
 Limited, DCB Power Ventures Limited, OCL India Limited and Dalmia
 Cement (Bharat) Limited.
 
 8.  Figures less than Rs Five Thousand which are required to be 
 shown separately have been shown at actual in double brackets.
 
 9.  A Scheme of Arrangement between the Company, Dalmia Cement
 (Bharat) Limited [formerly known as Avnija Properties Limited], Dalmia
 Bharat Enterprises Limited, DCB Power Ventures Limited and their
 respective shareholders and creditors under section 391 -394 of
 Companies Act, 1956, has been sanctioned by Hon''ble High Court of
 Madras on July 29, 2010 and made effective on September 1, 2010.
 Consequently, in terms of aforesaid Scheme, the Cement business,
 Thermal Power business and Refractory business (the Demerged
 Undertakings) has been transferred to the respective resulting Company
 effective from 1st April 2010. In view of this, figures for previous
 year are strictly not comparable.
 
 As per the accounting treatment detailed in the scheme, the Company has
 reduced the undermentioned assets and liabilities of Demergered
 Undertakings, pursuant to the Scheme, at their respective book values
 as on the Appointed Date, i.e., April 1, 2010. The Company has debited
 an amount equal to the difference between book values of assets and
 liabilities of the Demerged Undertaking from Share Premium Account,
 General Reserve, Surplus in Profit and Loss Account. The details of the
 same are as follows:
 
 As per the aforesaid Scheme of Arrangement, the shareholders of the
 Company as on the record date, i.e., 27-9-2010 received one share of
 Dalmia Bharat Enterprises Limited for every one share held by them in
 this Company.
 
 10.  Previous Year Comparatives
 
 Figures in brackets pertain to previous year. Previous year''s figures
 have been regrouped where necessary to conform to this year''s
 classification.