1.  In the opinion of the Board, 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.
 
 2.  Contingent Liabilities not provided in respect of:
 
 Particulars                            Current Year    Previous Year
                                        Rupees in         Rupees in
                                        Thousands       Thousands
 
 Disputed Income tax
 Demand                                   91,46            55,30
 
 3. Provision for Standard Assets is made at 0.25 per cent of the
 outstanding standard assets as at 31st March, 2011 in terms of
 Notification no.DNBS.222/CGM(US)-2011 dated 17-01-2011 issued by
 Reserve Bank of India.
 
 Encashment, Gratuity and Employees Stock Ownership Plans, which are
 actuarially determined for the Company as a whole.
 
 b) No commission is payable to the Directors and hence, the computation
 of Net Profit under Section 349 of the Companies Act, 1956 is not
 given.
 
 4. The Company has not received any intimation from suppliers regarding
 their status under the Micro, Small and Medium Enterprises Development
 Act, 2006 and hence disclosures, if any, relating to amounts unpaid as
 at the year end together with interest paid/ payable as required under
 the said act have not been given.
 
 5.  Gratuity (Non-Funded):
 
 The Company has a defined benefit gratuity plan. Every employee who has
 completed five years or more of service gets a gratuity on departure at
 15 days salary (last drawn salary) for each completed year of service.
 The following tables summarise the components of net benefit expense
 recognised in the profit and loss account and the funded status and
 amounts recognised in the balance sheet.
 
 6.  Segment Reporting :
 
 Based on guiding principles given in Accounting Standard - 17 Segment
 Reporting, issued by the Institute of Chartered Accountants of India,
 the Companys primary business segment is Investing & Financing. These
 activities mainly have similar risks and returns. As Companys business
 activities fall within a single primary business segment the disclosure
 requirements of AS-17 in this regard are not applicable.
 
 7.  Related Party Disclosures, as required by Accounting Standard (AS)
 18 : 
 
 a) Parties with whom the Company has entered into transactions during
 the year.
 
 i) Associates/Enterprises where control/significant
 
 influence exists:
 
 JSW Steel Ltd.
 
 Sun Investments Pvt. Ltd.
 
 Jindal Coated Steel Pvt. Ltd.
 
 JSW Holdings Employees Welfare Trust
 
 ii) Key Management Personnel
 
 Mr. K N Patel
 
 8.  Previous year figures have been regrouped/ rearranged wherever
 necessary to conform with current years presentation.
 
 9.  The additional Information pursuant to Part II of Schedule VI to
 the Companies Act, 1956 are either Nil or Not Applicable.