1.  GoI has the option of converting the debentures, wholly or partly
 into fully paid equity shares of IFCI Limited, at par, at any time
 during the currency of debentures subject to compliance with provisions
 of SEBI guidelines, in respect of preferential allotment. IFCI has the
 right to redeem the convertible debentures issued to GoI, fully or
 partly, at par, at any time after expiry of five years from the date of
 the issue with prior approval of RBI.
 
 2.  The bonds originally guaranteed by GoI have been rolled over for a
 period of 10 years from the respective due dates in line with the
 minutes of meetings of stakeholders, held on November 26 and December
 2, 2002 and communication to GoI.
 
 3.  Put option applicable on Rs 2,721.41 crore (Previous Year - Rs
 1,096.55 crore). Terms of repayment annexed.
 
 4.  Loan from GoI to be issued in the form of 0.1% Optionally
 Convertible Debentures and redeemable on 28.03.2023 has a right of
 recompense on par with other stakeholders.
 
 5.  (a) Put/ Call Option applicable on Rs 465.00 crore (Previous Year -
 Rs 1,433.33 crore).
 
 (b) Include loans of Rs 300 crore (Previous Year - Rs 300 crore), against
 escrow of cash flow/negative lien against certain identified loan
 assets.
 
 (c)  Terms of repayment annexed.
 
 Note 11 (Contd..)
 
 @ includes on account of revaluation:
 
 - Freehold Land - Gross Block as on 01.04.2011 - Rs 69.91 crore;
 Additions - Rs Nil; Deductions - Rs Nil; as on 31.03.2012 - Rs 69.91 crore
 
 - Leasehold Land - Gross Block as on 01.04.2011 - Rs 277.36 crore;
 Additions - Rs Nil; Deductions - Rs Nil; as on 31.03.2012 - Rs277.36 crore
 - Depreciation for the year - Rs 4.69 crore (Previous Year - Rs 5.94
 crore)
 
 - Building - Gross Block as on 01.04.2011 - Rs 687.42 crore; Additions -
 Rs Nil; Deductions - Rs 0.71 crore; as on 31.03.2012 - Rs 686.71 crore;
 Depreciation for the year - Rs 14.35 crore (Previous Year - Rs 10.79
 crore)
 
 Gross Block includes Rs 1,033.99 crore (Previous Year - Rs 1,034.69
 crore) on account of revaluation of Land & Buildings carried out in
 Financial Year 2009-10. The additional charge of depreciation of Rs
 19.04 crore for the year (Previous Year - Rs 22.29 crore) on revaluation
 carried out in earlier years has been charged to Profit & Loss Account
 and an equivalent amount withdrawn from Revaluation Reserve and
 credited to Profit and Loss Account.
 
 Note: The above balances include:
 
 - Investments of Rs234.45 crore (Previous Year - Rs 99.50 crore) in
 respect of equity shares which are subject to a lock-in period.
 
 - Investments of Rs1.20 crore (Previous Year - Rs 5.00 crore) in respect
 of equity shares which are subject to restrictive covenants.
 
 - Nil (Previous Year - Rs 26.12 crore) in equity under Portfolio
 Management Scheme of subsidiary.
 
 - Investments of Rs 38.06 crore (Previous Year - Nil) in respect of
 equity shares lent under Securities Lending & Borrowing Scheme within
 SEBI guidelines:
 
 1.  Contingent Liabilities and Commitments (to the extent not provided
 for):
 
 1.1 Contingent Liabilities                                 (Rs crore)
 
 As at                                        31.03.2012     31.03.2011
 
 (i)  Guarantees issued in Indian Currency         26.96          26.96
 
 (ii) Bank Guarantees                               8.87           8.87
 
 (iii) Performance Guarantees issued                0.66           0.60
 
 (iv) Claims not acknowledged as debts            156.10          92.35
 
 (v)  Tax Matters*
 
 -    Income Tax                                   27.07          27.07
 
 - Service Tax 4.84 4.54 *In view of judicial pronouncements and legal
 opinions in respect of issues under appeal, no provision is considered
 necessary.
 
 2.  In exercise of the powers conferred by Section 211(3) of the
 Companies Act, 1956, the Central Government vide notification dated
 February 8, 2011, has exempted Public Financial Institutions as
 specified under Section 4A of the Companies Act, 1956 from disclosing
 company-wise details of Investments subject to fulfillment of certain
 conditions. The accounts for the year ended March 31, 2012 have been
 prepared in accordance therewith.
 
 3.  The stakeholders of IFCI in Financial Year (FY) 2002-03 had
 approved the package for restructuring of debt/liabilities, inter alia,
 providing for release of Rs5,220 crore (comprising Rs 3,604 crore towards
 principal and Rs 1,616 crore towards interest over future years on
 liabilities taken over/to be serviced by Government of India) as Grant.
 Government of India (GoI) released Rs 2,932.31 crore, comprising Rs 523
 crore as loan (FY 2002-03) and Rs 2,409.31 crore (FY 2003-04 to FY
 2006-07) as Grant. The amount of Rs 2,409.31 crore received as Grant in
 FY 2003-04 to 2006-07 comprised of Rs 1,606.31 crore towards principal
 and Rs 803 crore towards interest. Out of Rs 1,606.31 crore received
 towards principal, Rs1,359 crore (FY 2003-04) was accounted as
 extra-ordinary income and Rs 247.31 crore (FY 2004-05 to FY 2006-07) as
 Restructuring Reserve in the Reserve & Surplus A/c and thereafter
 transferred to Profit & Loss A/c, as per the guidelines conveyed by
 RBI. The amount of Rs 803 crore received towards interest was reduced
 from the cost of borrowings in respective years. No Grant has been
 received since April 1, 2007.
 
 4.  The Company has applied the Securities Premium account in writing
 off the expenses incurred during the year on issue of Bonds amounting
 to Rs 25.93 crore (Previous Year - Rs 5.99 crore charged to the Revenue)
 in line with Section 78 of the Companies Act, 1956.
 
 5.  During the year, the Company has obtained valuation of certain
 long term unquoted investments by an independent valuer. The report of
 the said expert has been considered for the purpose of assessment of
 decline other than temporary in the value of said long term unquoted
 investments.
 
 6.  In respect of Investments in shares and debentures in certain
 cases, scrips are yet to be received.
 
 7. Balances appearing under loans, sundry debtors and sundry creditors
 are subject to confirmation in certain cases.
 
 8. There are no Micro and Small Enterprises, to whom the Company owes
 dues, which are outstanding for more than 45 days as at March 31, 2012.
 This information as required to be disclosed under the Micro, Small and
 Medium Enterprises Development Act, 2006 has been determined to the
 extent such parties have been identified on the basis of information
 available with the Company.
 
 9.  There are no material prior period items, except to the extent
 disclosed, included in Profit & Loss A/c required to be disclosed as
 per Accounting Standard-5 issued by the ICAI read with RBI guidelines.
 
 10.  Defined Benefit Plans/Long Term Compensated Absences - As per
 Actuarial Valuations as on March 31, 2012 and recognized in the
 financial statements in respect on Employee Benefit Schemes.
 
 11.  The Company operates in India and hence it is considered to
 operate only in domestic segment. More than 90% of revenue for the
 Company comes from a single segment of Financing. Accordingly, segment
 reporting as required under Accounting Standard- 17, issued by the ICAI
 is not applicable.
 
 12.  In compliance with Accounting Standard 27 - on ''Financial
 Reporting of Interests in Joint Ventures'' as notified by the
 Companies (Accounting Standards) Rules, 2006, the Company has 50%
 interests in one joint venture viz. IFCI Sycamore Capital Advisors (P)
 Limited incorporated in India in November 2011. The amounts invested at
 par were Rs 0.01 crore Class A Equity Shares and Rs 2.64 crore Fully
 Convertible Debentures. Required disclosure of Assets, Liabilities,
 Income, Expenditure and Contingent Liabilities has not been made as the
 period of 12 months has not been completed since the incorporation of
 the Joint Venture.
 
 13.  Fixed Assets possessed by the Company are treated as Corporate
 Assets and notCash Generating Units as defined by Accounting
 Standard-28 - Impairment of Assets issued by the ICAI. As on
 March 31, 2012, there were no events or changes in circumstances which
 indicate any impairment in the assets.
 
 14. Total value of outstanding Currency Swaps was USD 98.70 million
 against INR, EURO 0.60 million against INR and EURO 79.50 million
 against USD (Previous Year - USD 41.90 million against INR and EURO 69
 million against USD respectively) equivalent to Rs1,069.40 crore
 (Previous Year - Rs634.31 crore) whereas total value of outstanding
 Forex Deals other than Currency Swaps was USD 0.15 million against INR
 equivalent to Rs0.77 crore (Previous Year - USD 4.30 million against INR
 and EUR 5 million against USD equivalent to Rs19.29 crore and Rs31.84
 crore respectively).
 
 15. Foreign Currency exposure that is not hedged by derivative
 instrument or otherwise is USD 0.02 million (Previous Year - USD 0.25
 million) and EUR 0.03 million (Previous Year - 0.0172 million),
 equivalent to Rs 0.28 crore (Previous Year - Rs 1.23 crore)
 
 16.  During the year, the Company had issued infrastructure bonds as
 defined u/s 80 CCF of the Income Tax Act, 1961 amounting to Rs571.89
 crore. Of this, Rs446.36 crore has been utilized for the purpose of
 ''Infrastructure Lending'' in terms of the CBDT Notification No.
 S.0.2060 (E) dated September 9, 2011. The balance amount of Rs125.53
 crore, raised through issue of these bonds during March, 2012, shall be
 utilized during FY 2012-13.
 
 17.  Previous year/period figures have been re-grouped/re-arranged
 wherever necessary, to conform to current year presentation in terms of
 revised Schedule VI issued by Ministry of Corporate Affairste.