1 Merger of erstwhile India Foils Limited (IFL)
 
 The Hon''ble Board for Industrial and Financial Reconstruction (BIFR)
 vide its order September 30, 2010 has sanctioned the Modified
 Rehabilitation cum Merger Scheme (Scheme) for the revival of erstwhile
 India Foils Limited (IFL), a subsidiary of Ess Dee Aluminium Limited
 (EDAL). According to the Scheme, IFL with effect from April 1, 2008
 stands merged into EDAL without any further act, instrument or deed and
 without registration of any document. In accordance with the exchange
 ratio approved in the Scheme of Merger the Company has on October 30,
 2010 issued & allotted 25,59,046 fully paid equity shares of Rs. 10/-
 each to the eligible share holders of erstwhile IFL.
 
 2 Placement of Shares through QIP
 
 During the current year, the Company made a Qualified Institutional
 Placement, in accordance with Chapter VIII of the Securities and
 Exchange Board of India (Issue of Capital and Disclosure Requirements)
 Regulations, 2009, of 16,64,000 equity shares of Rs. 10/- each at a
 premium of Rs. 507.03 per share to Qualified Institutional Buyers on
 7th July, 2010.
 
 3 Contingent Liabilities
 
 a) The Company has given guarantee to the electricity supply
 undertakings aggregating to Rs. 87.69 Lacs (PY 13.80 Lacs) which is
 secured by fixed deposit under lien to the bankto the extent of Rs 7.95
 Lacs. (PY 3.45 Lacs)
 
 b) The Company is under obligation under the EPCG and Advance License
 scheme to export Aluminium Foil and PVC film. The contingent liability
 under the guarantee amounted to Rs 133.07 Lacs (PY 179.17 Lacs), which
 is secured by fixed deposit under lien to the bankto the extent of Rs
 116.97 Lacs. (PY 163.07 Lacs).
 
 c) Guarantees given for a bank loan taken for its subsidiary Flex Art
 Foil Private Limited to the extent of Rs 2,640.00 Lacs (PY 3,058.60
 Lacs)
 
 d) Demand from Kolkata Port Trust in respect of increased lease rental
 amounting to Rs 186.18 Lacs (PY Rs. 186.18 Lacs) against the Company
 not acknowledged as debt. The matter is subjudice and is pending before
 the Appellate Authority for Industrial and Financial Reconstruction.
 The Estate Officer appointed under the Public Premises (Eviction of
 Unauthorized Occupants) Act, 1971 has served an order dated 10/12/2009
 for eviction and auction of the Company''s assets situated at Taratalla.
 The Company has filed an appeal before the District Judge Alipore
 Court, Kolkata challenging this order and is confident that the order
 of the Estate Officer will be overturned.
 
 e) The Company has issued a bank guarantee to the customs authorities
 Kolkata Airport for a value of Rs. 23.29 Lacs (PY 23.29 Lacs) which is
 fully secured by a fixed deposit under lien to the bank.
 
 4. In the opinion of the Board, the Current Assets, Loans and Advances
 have a value on realization in the ordinary course of business at least
 equal to the amount at which they are stated.
 
 5 Segment Reporting (Accounting Standard -17)
 
 The Company''s entire activity is of advanced packaging solutions. As
 such there is only one segment viz; advanced packaging solutions,
 accordingly, no disclosure is required to be made under AS 17, segment
 reporting.
 
 Additional information pursuant to paragraphs 3,4C and, 4D of part II
 of Schedule VI to the Companies Act, 1956.
 
 6 Information regarding capacity, stocks, production and sale (as
 certified by Management)
 
 i) Licensed Capacity: Not applicable
 
 ii) Installed Capacity: Foil 37,000 Mtsp.a
 
 PVC 4,200 Mtsp.a
 
 (As certified by the management and being a technical matter accepted
 by the auditors)
 
 7.  Previous year''s figures have been regrouped / reclassified
 wherever necessary.