OTHERS
 
 a.  Sales are net of price adjustments for earlier years, settled
 during the year by the Company and discounts, trade incentives etc.
 
 b.  Excise duty includes Rs. 18.82 crs. (Rs. 8.83 crs) paid on
 batteries issued towards warranty claims.
 
 c.  The Company has a full-fledged Research and Development Center and
 it has thereby been able to considerably further its efficiency. During
 the year, a sum of Rs. 9.76 crs. (Rs. 11.55 crs), including capital
 expenditure Rs. 1.09 crs. (Rs. 2.73 crs), was spent on Research and
 Development work.
 
 d.  Stores and Spares consumed is exclusive of Rs. 0.45 crs (Rs. 0.37
 crs) being the amounts allocated to other heads of expenses.
 
 e.  The amounts due to Micro and Small enterprises are as follows:-
 
 1.  Principal Amount             Rs. 5.29 crs   (Rs. 5.44 crs) 
     Interest due on above        Rs. 0.01 crs   (Rs. 0.02 crs)
 
 2.  Amount of interest paid in 
     terms of Sec. 16 of the Micro,
     Small and Medium Enterprise 
     Development Act 2006               Rs. nil       (Rs. nil)
 
 3.  Amount of interest due and 
     payable for the period of 
     delay                        Rs. 0.01 crs   (Rs. 0.02 crs)
 
 4.  Amount of interest accrued 
     and remaining unpaid as at 
     31st March 2011              Rs. 0.03 crs   (Rs. 0.02 crs)
 
 5.  Amount of further interest 
     remaining due and payable 
     in the succeeding year            Rs. nil        (Rs. nil)
 
 f.  Diminution, based on the net worth as per the latest audited
 accounts of the relevant Company or market value, in the value of
 certain long term unquoted/quoted investments as on the Balance Sheet
 date, being temporary in nature, has not been provided.
 
 i. Materials consumed (Schedule 16) includes warranty costs Rs. 77.27
 crs (Rs. 28.81 crs) and is net of exchange fluctuation Gain Rs. 15.48
 crs. (Rs. 18.52 crs.), export incentives Rs. 6.63 crs. (Rs. 5.10 crs.),
 and purchase tax set-off Rs. Nil. (Rs. 0.64 crs).
 
 l. During the last year, the Company had raised Rs. 529.91 crores (net)
 by issuing shares to Qualified Institutional Buyers to generate funds
 for its capital expenditure, acquisitions and for general corporate
 purposes. Out of above Rs. 295.88 crores have been used for the stated
 purpose and balance of Rs. 234.03 crores remain temporarily invested in
 mutual funds as at 31st March, 2011.
 
 n.  BUSINESS SEGMENT
 
 As the Companys business activity falls within a single primary
 business segment, viz. Lead Acid Storage Batteries, the disclosure
 requirements of Accounting Standard-17 Segment Reporting, issued by
 the Institute of Chartered Accountants of India are not applicable.
 
 q. The Company has paid Rs. 0.62 crs (Rs. 0.49 crs) towards lease of
 residential apartments. These are cancellable leases, renewable by
 mutual agreement. Generally, there is no escalation clause and no other
 restrictions imposed by the lease arrangements. There are no
 sub-leases.
 
 r.  Gratuity, compensated absences and other post-employment benefit
 plans The Company has a defined benefit gratuity plan. Every employee
 who has completed five years or more of service is entitled to Gratuity
 on terms not less favourable than the provisions of The Payment of
 Gratuity Act, 1972. The scheme is funded with an insurance company.
 
 The Company provides certain Post-Retirement Medical Benefits (PRMB) to
 the employees qualifying for such benefits under the scheme upto 31
 March 2006, and accordingly the number of beneficiaries is frozen on
 that date. This benefit is unfunded.
 
 The Company has a Pension plan, a part of the liability whereof upto 31
 March 2003 is in the nature of a defined benefit plan. From 1 April
 2003 onwards, pension remains as a defined contribution liability which
 is funded annually with an insurance company.
 
 The Company also extends benefit of compensated absences to the
 employees, whereby they are eligible to carry forward their entitlement
 of earned leave for encashment upon retirement/separation. This is an
 unfunded plan.
 
 V.  In 2011-12 the Company expects to contribute Rs. 5.00 crs to
 gratuity and Rs. 1.00 crs to Pension.
 
 VII.  Actuarial Assumptions
 
 1. Discount Rate                    8.00% p.a (7.50%)
 
 2. Expected rate of return 
    on plan assets                   9.00% p.a (8.00%)
 
 3. Mortality pre retirement         Standard Table LIC 
                                    (1994-96) Ultimate
 
 4. Mortality Post retirement        Mortality for annuitants 
                                     LIC (1996-98) Ultimate
 
 5. Employee Turnover Rate           10.00%         (10.00%)
 
 VIII.  Healthcare cost trend rates have no effect on the amounts
 recognised in the profit and loss account, since the benefit is in the
 form of a fixed amount as per the various grades, which is not subject
 to change
 
 IX.  The estimates of future salary increases considered in actuarial
 valuation, take account of inflation, seniority, promotion and other
 relevant factors, such as supply and demand in the employment market
 
 X.  Contribution to Provident and Other Funds includes Rs. 13.60 crs
 (Rs. 12.51 crs) paid towards Defined Contribution Plans
 
 s.  Related Party Disclosure:
 
 i) Particulars of related parties :
 
 1.  Subsidiaries            :  Chloride Batteries S.E. Asia Pte. 
                                Limited, Singapore (CBSEA)
                                Chloride International Limited (CIL)
                                Caldyne Automatics Limited (Caldyne)
                                Espex Batteries Limited, UK (Espex)
                                Associated Battery Manufacturers 
                               (Ceylon) Ltd., Sri Lanka (ABML)
                                Chloride Metals Limited (CML-Formerly 
                                Tandon Metals Limited)
                                Leadage Alloys India Limited
                                Exide Batteries (Pvt) Limited 
                               (Subsidiary of CBSEA)
 
 2.  Associate Companies     :  ING VYSYA Life Insurance Company 
                                Limited (IVL)
 
 3.  Enterprise/Individuals 
     having a direct         :  Chloride Eastern Limited, UK. (CEL)
                                or indirect controls over the company  
                                Chloride Eastern Industries Pte Limited,    
                                Singapore (CEIL)
                                LIEC Holdings SA, Switzerland
                                Mr. S B Raheja
 
 4.  Key Management 
     Personnel               :  Mr. T V Ramanathan
 (As on 31st March, 2011)       Mr. G Chatterjee
                                Mr. P K Kataky
                                Dr. S K Mittal (upto 30 April, 2010)
                                Mr. A K Mukherjee
                                Mr. Nadeem Kazim
                                Mr. Supriya Coomer
 
 5.  Name of the Companies
     /firms/                 :  Nil
     in which Directors/Key 
     Management Personnel 
     have significant influence
     with whom transactions 
     have happened
     during the year.
 
 v.  Exceptional item of Rs. 46.93 crores represents gain on transfer of
 land which was no longer in use.
 
 w.  Other income in Schedule 14 includes Rs. 20.65 crores being gain
 arising on account of premature payment of deferred sales tax loan in
 terms of Net Present Value (NPV) Scheme of the Government of Tamilnadu.
 The Company has been granted the above in terms of order no.
 743/2011/A8 dated 29th March, 2011 issued by Joint Commissioner (CT),
 Chennai (East) Division.