1.  Contingent Liabilities Not Provided For in Respect of:
 
                                                        Rs in lakhs
 
 Sr.  Particulars                          31-Mar-11      31-Mar-10 
 No.
 
 a) Bank Guarantees outstanding 
 as at the yearend (Gross) -(Secured)      70,062.51      70,420.10
 
 b) Bank Guarantees outstanding as 
 at the yearend (Gross) -(Secured)
 Given for erstwhile                             NIL          60.63 
 Subsidiary, EMCO Energy Limited
 (Subsidiary upto 24th July 2009)
 
 c) Letters of Credit outstanding 
 (net) as at the yearend (Secured)          9,284.84       8,583.42
 
 d) Guarantee given for Subsidiary 
 Company                                    5,307.60       5,415.60
 
 e) Disputed amount of Sales Tax 
 in respect of which appeals have been
 filed.                                        93.54          31.02
 
 f) Claims made by workmen for 
 re-instatement. Matters Subjudice.         Amount not ascertainable
 
 g) Disputed amount of Income Tax 
 in respect of which rectifcation has
 been filed                                   590.13         357.78
 
 h) Disputed amount of Excise duty 
 and Service tax in respect of which
 the Company is in                          2,336.80       1,847.69 
 appeal.
 
 
 
 i) Claim of about Rs 28.36 lakhs (Rs 26.42 lakhs) by suppliers against
 the Company. The matter is Subjudice.
 
 j) Suit of Rs 107 lakhs (Rs 107 lakhs) filed by a Sub-Contractor against
 the company, proceeding is pending before Sole Arbitrator.
 
 k) Summary suit of Rs 10.13 lakhs (Rs 10.13 lakhs) filed by one supplier
 against the Company. The matter is Subjudice.
 
 l) Claim filed against the company for compensation not acknowledged as
 debt Rs 7.52 lakhs (Rs 27.36 lakhs).
 
 2.  The Company has filed a suit against one customer claiming damages
 of Rs 110.91 lakhs (Rs 110.91 lakhs) and also fled a suit for an order
 restraining invocation of bank guarantee amounting to Rs 8.50 lakhs (Rs
 8.50 lakhs) from the customer.
 
 3.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for (net of advances) amounting to Rs 8,055.69
 lakhs (Rs 672.73 lakhs)
 
 4.  Terms of Secured Loans (Refer Schedule 3)
 
 a.  500 - 12.5% Non Convertible Debentures of Rs 10 lakhs each referred
 in (1) of Schedule 3 are secured by way of Mortgage on Building
 situated at MIDC-Thane, Umala-Jalgaon and on Land and Building situated
 at MIDC-Jalgaon and hypothecation on Plant & Machinery, Furniture,
 Electrical & other installations, Offce Equipments & Air conditioners
 situated at MIDC- Thane, MIDC-Jalgaon, Umala-Jalgaon and Dadra. This
 will be redeemed in three equal annual instalment commencing from 24
 December 2011.
 
 b.  Vehicle Loans referred in (2) of Schedule 3 are secured by way of
 charge of respective vehicles fnanced.
 
 c.  Term loans referred in 3(a) of Schedule 3 is secured by frst
 pari-passu charge on all the Company''s immovable properties situated at
 MIDC-Thane and MIDC-Jalgaon purchased or to be purchased and the frst
 charge by way of hypothecation of all the Company''s movables Fixed
 Assets and also subject to exclusive charges and/or to be created on
 specifc items of plant and machinery/equipments.
 
 d.  Term loan referred in 3(b) of Schedule 3 is secured by exclusive
 frst charge by way of mortgage on the specifc land on which the
 windmills are installed in Maharashtra and exclusive frst charge by way
 of hypothecation on movable fxed assets (plant, machinery, equipments)
 pertaining to windmills.
 
 e.  Working Capital Loans from Banks referred in 4(a), 4(b) & 4(c) of
 Schedule 3 and Bank facilities mentioned in Note No. 2 (a), (b) & (c)
 above are secured against hypothecation by way of frst charge on Raw
 Materials, Stocks-in-process, Finished Goods, Consumable Stores and
 Spares, Book Debts except book debts and receivables pertaining to wind
 mill, Outstanding and Claims both present and future. This is further
 secured by Second Charge on the Company''s all movable Fixed Assets
 except pertaining to wind mill and on immovable properties situated at
 MIDC-Thane, MIDC-Jalgaon and Umala-Jalgaon.
 
 5.  Extraordinary Item:
 
 During the previous year ended 31st March 2010, Company has sold one of
 its subsidiaries “EMCO Energy Limited” which was setting up power plant
 at Warora, Maharashtra and has net gain of Rs 9,849.32 lakhs (net of tax
 of Rs 2,885.38 lakhs)). Being non-recurring in nature same has been
 treated as an extraordinary item.
 
 6. Related Party Disclosure:
 
 A. List of Related Parties with whom the Company had transactions
 
 (i) Key Management Personnel and their Relatives
 
 - Mr. Rajesh S. Jain
 
 - Mr. Shailesh S. Jain
 
 - Mr. Ajay K. Dhagat
 
 - Mr. R. S. Shah (upto 19th April 2010)
 
 - Ms. Meenakshi Jain
 
 - Ms. Ratna S. Jain
 
 - Ms. Urmila R. Shah (upto 19th April 2010)
 
 (ii) Entities where Key Management Personnel have Signifcant Infuence:
 
 - Purna Properties and Investments Private Limited
 
 - EMCO Foundation
 
 - EMCO Power Quality Solutions Limited 
 
 (iii) Subsidiaries
 
 - EMCO Energy Limited (Upto 24th July 2009)
 
 - EMCO Power Limited
 
 - EMCO Renewable Energy Limited (Previously known as EMCO Power
 Infrastructure Limited)
 
 - EMCO Overseas Pte Limited
 
 - EMCO Infrastructure Limited (Previously known as Warora Power Company
 
 - East West Power Generation Company Limited
 
 - EMCO Edison Transformer Pty. Limited
 
 - PT Setenco Investa Niaga (from 26th November 2010) 
 
 (iv) Joint Ventures 
 
 - PT Vardhaman Logistics 
 
 - PT Vardhaman Mining Services 
 
 - Rabaan (s) Pte. Limited.  
 
 - Shyam EMCO Infrastructure Limited 
 
 - Kalinga Energy & Power Limited
 
 - PT Bina Insan Sukses Mandiri (from 26th November 2010)
 
 (v) Association of Persons
 
 - Arki Aviation
 
 
 7. Segment Reporting:
 
 The Company has only one reportable segment, i. e. Transmission and
 Distribution Segment within the Power Sector.
 
 8. Research and Development
 
 Company has incurred total expenditure of Rs 42.07 lakhs (Rs 183.93
 lakhs) on Research and Development activities.
 
 9. Balances of Sundry Debtors, Sundry Creditors, Loans and Advances
 and other balances are as per books of accounts and subject to
 confrmation and reconciliation, if any.
 
 10. Figures of previous year have been regrouped/rearranged, wherever
 necessary, to conform to those of the current year.