1 Segment Reporting as per Accounting Standard-17(AS-17)
 
 The Company is carrying on the business of manufacturing and selling
 Tractors and Food Processing Machines. The Segment Reporting as per
 AS-17 is not applicable to HMT Limited, as the transactions of Food
 Processing Machinery is less than 10% of Tractor Business.
 
                                                 (Rs. in Thousands)
 
                                                  As at        As at
 
                                             31.03.2011   31.03.2010
 
 2 The Company is contingently liable for:
 
 2.1 Claims against the Company not 
 acknowledged as debts
 
 A.  Tax related claims pending in appeal
 
 i) Excise Duty                                   2,48          2,48
 
 ii) Sales Tax                                 2,71,87       2,71,87
 
 B.  Employee related claims relating to 
 Lockouts, Back wages Incentive & Annual 
 bonus, etc., pending adjudication, to the
 extent ascertainable                            26,23         55,36
 
 C.  Others
 
 Various cases relating to defective product, 
 accident causing injuries to third parties, 
 claims relating to supply of materials etc.   5,14,83       4,22,77
 
 2.2 Guarantees/Counter Guarantees issued     19,66,46      18,70,38
 
 2.3 Additional Bonus, if any, for the year 
 1985-86
 
 (Refer Note No.8.1)                              2,20          2,50
 
 2.4 Non receipt of related Forms against 
 levy of concessional Sales Tax                7,89,41       6,55,66
 
 3.1 The GOI had released a Plan Assistance of Rs.2.00 Crore to the
 Company during March 2007 to meet the Capital Expenditure of HMT
 Watches Ltd, the wholly owned Subsidiary, in the form of Equity
 (Rs.1.00 Crore) & Loan (Rs.1.00 Crore). In view of the non utilisation
 of the funds by the Subsidiary within the stipulated period GOI had
 instructed the company during December 2009 for refund of the total
 Plan Assistance of Rs.2.00 Crore. Accordingly, the Company has refunded
 the Loan amount of Rs.1.00 Crore to GOI during February 2010. However,
 with regard to refund of Equity portion, since the Company has already
 issued 10,00,000 Equity Shares of Rs.10 each (Rs.1.00 Crore) in favour
 of President of India during April 2007, as per the terms of GOI
 sanction, the same could not be carried out, as it would amount to
 reduction in Share Capital requiring the approval of the Share Holders
 and completion of other statutory formalities as per the Companies Act,
 1956 and applicable rules in this regard, and the same has been
 communicated to GOI. Further instructions are awaited from GOI on the
 same.
 
 4.3 Share Application Money
 
 The Government of India while approving the Revival Plan of HMT Machine
 Tools Ltd (HMT-MTL), a Subsidiary Company, during March 2007, had
 accorded sanction for cash infusion of Rs.443.00 Crores in the form of
 3.5% Preference Share Capital which was routed through the Company for
 investment in the Preference Share Capital in the Subsidiary, to be
 redeemed after 3 years i.e. 31.3.2010. However shares have not been
 alloted in favour of President of India pending registration of
 increase in the Authorised Share Capital with ROC.
 
 As per the Revival Plan sanction, the Preference Share Capital had to
 be redeemed from out of sale of surplus immovable Properties of
 HMT-MTL.  However, since the title deeds in respect of the identified
 immovable properties are not mutated in the name of the HMT-MTL, the
 sale of these properties will have to be approved by the Government as
 part of the Revival Plans of the Company (HMT Ltd) which is under
 consideration of the Government. Upon approval of the Government to the
 Revival Plan, the required funds will be raised through the sale of the
 immovable properties and the Preference Share Capital will be redeemed.
 Pending communication from GOI, the Company has continued to disclose
 the Preference Share Capital as was done in the previous year.
 
 4 Bonds Redemption Reserve as required u/s 117C of the Companies Act,
 1956 is not made in respect of 3 year HMT Bonds-2001 issued by the
 Company in the absence of Profit.
 
 5 Deferred Tax Asset/Liability
 
 Accounting for Taxes as per Accounting Standard-22. As the Company is
 having Deferred Tax Asset for the year and there is no virtual
 certainity of realisation of the asset in the near future, the Deferred
 Tax Asset has not been recognised for the year.
 
 6 Balances under ''Sundry Debtors'', ''Loans & Advances'', and ''Current
 Liabilities'' are subject to confirmation, although confirmation has
 been sought in most of the cases.
 
 7 Previous year''s figures have been reclassified wherever necessary to
 conform to this year''s classification