1.  Based on valuation made by professional valuers, Brand Eveready
 was valued at Rs. 66,000 Lakhs and was taken into the books in 2004-05.
 
 2.  Expert opinion was received whereby the working life of brand
 Eveready was estimated at more than 100 years. However, as a measure
 of prudence, the amortisation period of the brand has been kept at 40
 years only.
 
 3.  Brand included as Intangibles in Fixed Assets (Schedule 5) includes
 purchased brand [Gross block: Rs. 1,600 Lakhs (31.3.2010 : Rs. 1,600
 Lakhs) and Net Block Rs. 480 Lakhs (31.3.2010:Rs. 640 Lakhs)].
 
 4.  Contingent Liabilities
 
 4.1.  Claims against the Company not acknowledged as debts
 
 - Excise & Customs:Rs. 1,781.91 Lakhs (31.3.2010 :Rs. 1,773.55 Lakhs).*
 
 - Sales tax:Rs. 133.56 Lakhs (31.3.2010 :Rs. 34.75 Lakhs).
 
 Income tax
 
 - The Department is in appeal in regard to matters decided in favour of
 the Company, the tax effect whereof is Rs. 71.59 Lakhs (31.3.2010 Rs.
 71.59 Lakhs).
 
 - The Company is in appeal in regard to assessments made, the tax
 effect whereof is Rs. 599.70 Lakhs (31.3.2010 : Rs. 599.70 Lakhs).
 
 - In respect of matters relating to erstwhile The Bishnauth Tea Company
 Limited (BTCL) [amalgamated with the Company effective 1 April, 2000:
 Rs. 125.48 Lakhs (31.3.2010:Rs. 125.48 Lakhs)].
 
 -Excludes interest claimed in a few cases by respective Authorities but
 amount not quantified.
 
 4.2 Others : Rs. 207.39 Lakhs (31.3.2010 : Rs. 207.39 Lakhs).
 
 4.3 Bank Guarantees : Rs.824.70 Lakhs (31.3.2010 : Rs. 134.06 Lakhs).
 
 5.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for: Rs. 2,977.81 Lakhs (31.3.2010: Rs.
 1,110.72 Lakhs).
 
 6.  The Proft and Loss Account includes net exchange Gain of Rs. 19.25
 Lakhs (2009-10 : Loss of Rs. 47.27 Lakhs).
 
 7.  Loans and Advances (Schedule 10) include due from directors of the
 Company Rs. 19.70 Lakhs (31.3.2010 : Rs. 22.01 Lakhs). The maximum
 amount due from directors during the year wasRs. 22.01 Lakhs (2009-10 *
 24.21 Lakhs).
 
 8.  Revenue Expenditure on Research & Development Rs. 217.52 Lakhs
 (2009-10 : Rs. 191.09 Lakhs) is included in Operating Expenses
 (Schedule 3).
 
 9.  Capital Work-in-Progress is inclusive of Capital Advances Rs.
 712.01 Lakhs (31.3.2010 : Rs. 358.51 Lakhs).
 
 10. Purchase of finished goods for resale appearing in Schedule 3
 include Rs. 1,916.18 Lakhs (2009-10 : Rs. 228.69 Lakhs) towards
 purchase of 11.30 million pieces of Batteries (2009-10 : 9.04 million
 pieces), Rs. 5,964.11 Lakhs (2009-10 : Rs. 5,979.83 Lakhs) towards
 purchase of 16.59 million pieces of Flashlights (2009-10 :16.25 million
 pieces) and Rs. 6,095.75 Lakhs (2009-10 : Rs. 7,943.29 Lakhs) towards
 purchases of 37.62 million pieces of General Lights (2009-10 : 35.68
 million pieces).
 
 11.  Earnings in Foreign Currency
 
 Export of goods calculated on FOB basis : Rs. 1,728.18 Lakhs (2009-10 :
 Rs. 1,792.56 Lakhs).
 
 12.  Unpaid dividend represents dividend of earlier years on shares
 allotted to certain non-resident shareholders of the erstwhile The
 Bishnauth Tea Company Limited (BTCL) pursuant to the Scheme of
 Amalgamation of BTCL with the Company and whose present whereabouts are
 not known. The number of shares attributable to such dividend is 63,037
 (2009-10 : 63,037) equity shares.
 
 13.  Related Party Disclosures List of Related Parties
 
 a) Subsidiaries ¦ The Ownership, directly or indirectly through
 Subsidiary (ies)
 
 NovenerSAS Idea Power Limited
 
 UnirossSA Rechargeable Online SAS
 
 Uniross Batteries SAS Celltex Limited
 
 Industrial - Uniross Batteries (PTY) Ltd.  Lognes Batteries Corp.
 
 Uniross Batteries GmbH Uniross Batteries Corp.
 
 Uniross Batteries Limited North American Battery Corp.
 
 Zhongshan Uniross Industry Co. Limited Multiplier Industries Corp.
 
 Everfast Rechargeables Limited Everspark Hong Kong Private Limited
 
 b) Key Management Personnel
 
 Executive Vice Chairman & Managing Director - Mr. D. Khaitan Wholetime
 Director - Mr. S. Saha
 
 c) Relatives of Key Management Personnel with whom the Company had
 transactions during the year
 
 Mrs. Neena Saha - Wife of Mr. S. Saha
 
 Mr. A. Khaitan - Son of Mr. D. Khaitan
 
 d) Entity having significant influence - Williamson Magor& Company
 Limited
 
 14.  Segment Reporting
 
 (1) The Company is engaged in the business of marketing of dry cell
 batteries, rechargeable batteries, flashlights, packet tea, general
 lighting products, insect repellants and other homecare products which
 come under a single business segment known as Fast Moving Consumer
 Goods (FMCG).
 
 (2) Geographical Segment -
 
 Sales within India Rs. 97,088.83 Lakhs (2009-10: ^98,117.57 Lakhs)
 
 Sales outside India Rs. 3,137.17 Lakh (2009-10:Rs. 3,025.35 Lakhs)
 
 15.  Disclosure in accordance with Accounting Standard (AS) 29
 
 The Company has made provisions towards Sales Tax, Excise and Others in
 view of the following and details of which are set out below:
 
 (a) The Company has a present obligation as a result of past events;
 
 (b) It is probable that an outflow of resources embodying economic
 benefits will be required to settle the obligation; and
 
 (c) A reliable estimate can be made of the amount of obligation.
 
 16.  Convertible Warrants
 
 The Company had on 17 October, 2007, issued and allotted 45,00,000
 Convertible Warrants on preferential basis which were convertible at
 the sole option of the warrant holders within a period of 18 months
 from the date of allotment. During the year, an amount of Rs. Nil
 (2009-10 : Rs. 261 Lakhs) representing the initial amount paid on the
 allotment of such warrants has been forfeited on the expiry of the time
 frame to opt for conversion. The amount forfeited has been transferred
 to Capital Reserve.
 
 17.  The company acquired a controlling stake in Novener SAS in July
 2009 and as at March 31, 2011, has an investment of Rs. 4,110 lakhs and
 has advanced amounts aggregating to Rs. 1,731.73 lakhs. Novener SAS
 incurred a loss of Rs. 5,236.19 lakhs for the year ended March 31, 2011
 and as at that date its accumulated losses of Rs. 6,724.48 lakhs is in
 excess of its networth. The operations and the organization structure
 of Novener SAS are currently in the process of restructuring of which
 substantial part has been completed during the year ended March 31,
 2011 and that the benefits and results of such restructuring would be
 forthcoming in the following years. Management is of the view that on
 account of its long-term involvement in Novener SAS, no provision is
 required on this account at this stage.
 
 18.  The company has agreed to provide contingent support upto a
 maximum amount of Rs. 2 million Euro to its subsidiary Novener SAS as
 and when necessary depending on the cash flow requirement.
 
 19.  Information pursuant to the Provisions of Para IV of Schedule VI
 to the Companies Act, 1956, is attached.
 
 20.  Previous year''s figures have been recast/restated wherever
 necessary.