1.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs. 5,495.09 Lacs (Previous Year: Rs.
 10,092.26 Lacs).
 
 2.  The following liabilities are classified and considered contingent
 due to contested claims and legal disputes:
 
 . Claims by Suppliers Rs. 5,963.81 Lacs (Previous Year : Rs. 5,825.04
 Lacs).  Taxes & Duties
 
 . Income Tax demands Rs. 1,152.77 Lacs (Previous Year : Rs. 1,152.77
 Lacs).
 
 . Excise demands : Rs. 1,574.16 Lacs (Previous Year: Rs. 920.13 Lacs).
 
 . Sales Tax / VAT demands Rs. 1,657.20 Lacs (Previous Year : Rs. 704.59
 Lacs).
 
 3.  Gas Authority of India Limited (GAIL) supplier to the Company of
 natural gas, one of the main raw materials, has effected the supplies
 at provisional rate as indicated in the invoices. However, according to
 the Company any revision in Natural Gas price will be only prospective
 as per the existing convention/practice followed by Government of
 India.
 
 4.  Exceptional items represent:
 
 . Amortisation of VRS Compensation paid Rs. Nil (Previous Year: Rs.
 54.98 Lacs).
 
 . Gains arising on transfer of rights in unusable surplus land
 amounting Rs. Nil (Previous Year: Rs. 3,551.80 Lacs).
 
 . Cost of assets discarded or in the process of being discarded under
 restructuring of the real estate business Rs. 338.09 Lacs (Previous
 Year: Rs. 992.46 Lacs).
 
 5.  The Company has sold part of the Fertiliser Bonds (issued in lieu
 of fertiliser subsidy) pursuant to the decision of Government of India
 to buy back outstanding bonds in two tranches in 2010-11 and 2011-12 at
 a price to be decided later and compensate the Company atleast 50% of
 the loss incurred on such sale. Accordingly, the Company has accounted
 for the loss of Rs. 199.52 Lacs (net of 50% compensation receivable
 from Government of India) and the same has been shown under operating
 and other expenses. Consequently the provision towards Mark to Market
 loss made earlier on such bonds amounting to Rs. 525.18 Lacs has been
 reversed and shown under Operating and other expenses.
 
 6.  In respect of long term investment in listed securities, the
 diminution in value is estimated on the basis of appraisal made by
 Portfolio Managers.
 
 7.  The Company has entered into option contract to cover its risk
 towards foreign exchange exposure on External Commercial Borrowing
 taken during the year. The marked to market loss of Rs. Nil (Previous
 Year: Rs. 221.80 Lacs) has been provided in the accounts.
 
 8.  IMPAIRMENT OF ASSETS: The Company has examined carrying cost of
 its identified Cash Generating Units (CGU) by comparing present value
 of estimated future cash flows from such CGUs, in terms of Accounting
 Standard-28 on Impairment of Assets, according to which no provision
 for impairment is required as assets of none of CGUs are impaired
 during the financial year ended 31st March, 2011.
 
 9.  (i) Sundry Debtors include due from companies in which some of the
 Directors are Directors/Members: Rs. 691.03 (payable) on the basis of
 provisional discount (Previous Year receivable: Rs. 319.35 Lacs)
 maximum amount due during the year: Rs.  279.34 Lacs (Previous Year:
 Rs. 954.80 Lacs).
 
 (ii) Loans and Advances include:
 
 . Security deposit of Rs. 200 Lacs (Previous Year: Rs. 200 Lacs) placed
 with Vice-Chairman & Managing Director towards lease of residential
 premises.
 
 . Due from officers Rs. 0.30 Lacs (Previous Year : Rs. 4.42 Lacs)
 Maximum amount due during the year Rs. 4.42 Lacs (Previous Year: Rs.
 8.54 Lacs).
 
 10.  To comply with the requirement of The Micro, Small And Medium
 Enterprises Development Act, 2006, the Company requested its suppliers
 to confirm it whether they are covered as Micro, Small or Medium
 enterprise as is defined in the said Act. Based on the communications
 received from such suppliers confirming their coverage as such
 enterprise, the Company has recognised them for the necessary treatment
 as provided under the Act, from the date of receipt of such
 confirmations and there is no default in payment to such enterprise as
 specified in the said Act. However, the amounts outstanding as well as
 interest applicable are insignificant and hence not separately
 disclosed.
 
 11.  The aggregate amount of unclaimed dividend of previous years as
 on 31st March, 2011 was Rs. 327.18 Lacs (Previous Year: Rs. 292.59
 Lacs). In accordance with the provisions of Section 205A (5) of the
 Companies Act, 1956, the dividend unclaimed for a period of seven years
 from the date of transfer to the unpaid dividend account shall be
 credited to the Investor Education and Protection Fund.
 
 12.  Segment Reporting - Refer Annexure - A.
 
 13.  Related Party Disclosures - Refer Annexure - B.
 
 14.  Statutory dues not deposited on account of dispute - Refer
 Annexure - C.
 
 15.  Previous years figures have been re-grouped wherever necessary to
 conform to current years grouping.