This Year      Previous Year
 
                                        (Rs. Crores)       (Rs. Crores)
 
 1.(i) Contingent liabilities not 
 provided for:
 Claims* (excluding claims by employees 
 where amount not ascertainable) not 
 acknowledged as debts:
 
 Sales tax matters                             1.36             1.36
 
 Excise matters                                2.12             2.17
 
 Additional premium on land                    8.11             8.11
 
 Others                                        5.91             6.01
 
 Total                                        17.50            17.65
 
 2.  In accordance with past practice, the Company has taken revenue
 credits aggregating Rs 9.15 crores (2010-11 - Rs. 27.00 crores) for
 urea subsidy claims , which are pending notification/ final acceptance
 by ''Fertiliser Industry Coordination Committee'' (FICC), Government of
 India, in pursuance of the Retention Price Scheme administered for
 nitrogenous fertilisers. Necessary adjustment to revenue credits so
 accrued will be made on issuance of notification by FICC, Government of
 India
 
 3.  Segment reporting
 
 A.  Business segments:
 
 Based on the guiding principles given in Accounting Standard AS-17
 Segment Reporting notified under Companies (Accounting Standard)
 Rules, 2006, the Company''s business segments include: Fertilisers
 (manufacturing of urea), Chloro-Vinyl (manufacturing of poly-vinyl
 chloride, carbide and chlor alkali products), Farm solutions (trading
 of di-ammonium phosphate, murite of potash, super phosphate, other
 fertilisers, seeds and pesticides), Sugar (manufacturing of sugar
 products and co-generation of Power), Cement (manufacturing of cement),
 Hariyali Kisaan Bazaar (Rural retail and agri businesses), Bioseed
 (production of hybrid seeds), Others (UPVC window systems, textiles,
 plaster of paris and compounds). Sale of power from the power
 generation facilities set up for the business segments is included in
 their respective results.
 
 B.  Geographical segments:
 
 Since the Company''s activities/operations are primarily within the
 country and considering the nature of products/services it deals in,
 the risks and returns are same and as such there is only one
 geographical segment.
 
 C.  Segment accounting policies:
 
 In addition to the significant accounting policies applicable to the
 business segments as set out in note
 
 1 above, the accounting policies in relation to segment accounting are
 as under:
 
 a) Segment revenue and expenses:
 
 Joint revenue and joint expenses of segments are allocated amongst them
 on a reasonable basis.  All other segment revenue and expenses are
 directly attributable to the segments.
 
 b) Segment assets and liabilities:
 
 Segment assets include all operating assets used by a segment and
 consist principally of operating cash, debtors, inventories and fixed
 assets, net of allowances and provisions, which are reported as direct
 offsets in the balance sheet. Segment liabilities include all operating
 liabilities and consist principally of creditors and accrued
 liabilities. Segment assets and liabilities do not include deferred
 income taxes. While most of the assets/ liabilities can be directly
 attributed to individual segment, the carrying amount of certain
 assets/ liabilities pertaining to two or more segments are allocated to
 the segments on a reasonable basis.
 
 c) Inter segment sales:
 
 Inter segment sales between operating segments are accounted for at
 market price. These transactions are eliminated in consolidation.
 
 4.  Related party disclosures under Accounting Standard AS-18 Related
 Party Disclosures notified under Companies (Accounting Standard)
 Rules, 2006:
 
 A. Name of related party and nature of related party relationship
 
 Holding company: Sumant Investments Private Limited
 
 Subsidiaries: DCM Shriram Credit and Investments Limited, Bioseed India
 Limited, DCM Shriram Infrastructure Limited, DCM Shriram Thermal Energy
 Limited, Hariyali India Limited, DCM Shriram Aqua Foods Limited,
 Hariyali Rural Foundation, Hariyali Rural Ventures Limited, Hariyali
 Insurance Broking Limited, DCM Shriram Energy and Infrastructure Ltd.,
 DCM Shriram Hydro Energy Limited, SBM Yarn Limited, Fenesta India
 Limited, Shri Ganpati Fertilizers Limited, Shriram Bioseed (Thailand)
 Limited, Bioseeds Limited, Bioseed Research Philippines Inc., Bioseeds
 Holdings PTE. Limited, Bioseed Vietnam Limited, Bioseed Research India
 Private Limited, Shriram Bioseed Ventures Limited, Shriram Bioseeds
 Limited, Zeus Investments Limited, Shridhar Shriram Foundation, PT
 Shriram Seed Indonesia *
 
 * from current year
 
 Key Managerial Persons, their relatives and HUFs: Mr. Ajay S. Shriram,
 Mr. Vikram S. Shriram, Mr. Rajiv Sinha, Mr. Ajit S. Shriram, Mr. N.J.
 Singh, Mr. Aditya A. Shriram (relative of Mr. Ajay S. Shriram), Mr.
 Anand A.  Shriram (relative of Mr. Ajay S. Shriram), Mrs. Divya Sinha
 (relative of Mr. Rajiv Sinha), Ms. Arunima Sinha (relative of Mr. Rajiv
 Sinha), M/s. Ajay S. Shriram (HUF), M/s. Vikram S. Shriram (HUF)
 
 5.  Deposits received under Section 58A of the Companies Act, 1956 are
 repayable upto March 2015 based on the maturity dates. (Rs. 8.76 crores
 due within 1 year; 2010-11 Rs. 7.86 crores)
 
 6.  There are no disputed dues of wealth tax, customs duty and cess
 matters. The details of disputed Excise duty, Service tax, Income-Tax
 and Sales-tax dues as on March 31, 2012 are as follows:
 
 7.  Provision for contingencies aggregating to Rs. 12.09 crores
 (2010-11 - Rs. 12.09 crores) in note 2.6 represents the maximum
 possible exposure on ultimate settlement of issues relating to
 reconstruction arrangement of the companies.
 
 8.  Research and development expenses included under relevant heads in
 the statement of profit and loss Rs.1.13 crores (2010-11 - Rs. 2.96
 crores).
 
 9. ''Excise duty'' on sales has been deducted from gross sales on the
 face of Statement of profit and loss. ''Increase/ (decrease) in excise
 duty on finished goods'' has been shown under the head ''Other expenses
 in note 2.25.
 
 10.  Schedule VI to the Companies Act, 1956 directing the preparation,
 disclosure and presentation of financial statements has been revised
 effective from 1 April, 2011. Accordingly, previous year''s figures have
 been regrouped/ reclassified wherever necessary to correspond with the
 current year''s classification / disclosure.
 
 11.  Notes 1 to 20 and the statement of additional information form an
 integral part of the financial statements.