As at 31st March, 2011 and Abridged Profit & Loss Account for the year
 ended on that date
 
                                                        Rs. Lacs
 
                                             31.03.2011    31.03.2010
 
 (1) (A) CONTINGENT LIABILITIES                 3414.16       4328.45
 
 (i) In respect of claims excluding 
 indeterminate claims of employees              3414.16       4328.45
 against the Company not acknowledged as 
 debts
 
 (ii) In respect of disputed demands for 
 which Appeals are pending with Appellate 
 Authorities/Courts - no provision has been 
 considered necessary by the Management
 
 a) Excise duty                                 1229.67        172.04
 
 b) Custom duty                                  176.28        176.28
 
 c) Sales Tax                                   2277.55        740,16
 
 d) Service Tax                                 1085.42       1085.42
 
 e) Income Tax                                  1679.70             -
 
 (iii) In respect of interest on Cement 
 Retention Price realised                      1108.78       1088.40
 in earlier years
 
 (iv) In respect of Corporate Guarantee 
 given in favour of Associate                    952.89             -
 Companies & Others
 
 (B) Estimated amount of contracts remaining 
 to be executed on                               695.32       4147.18
 capital accounts and not provided for
 
 2.  (2) Share Capital includes 74,26,950 Equity Shares of Rs. 10/- each
 allotted without payment received in cash.
 
 3.  (4) Government of Rajasthan has issued an entitlement certificate
 by which the Company is entitled for interest subsidy under Rajasthan
 Investment Promotion Scheme, 2003. Government has released Rs. 8795.12
 Lacs as interest subsidy for the period 1st December, 2004 to 30th
 September, 2010 includingRs. 997.53 Lacs during the year which has been
 accounted for as Capital Receipt based on expert advice.
 
 4.  (5) Land, Buildings, Plant & Machinery, Railway Sidings and Rolling
 Stock had been revalued as on 04.11.2004 by the approved valuers on the
 basis of assessment about current value of the similar assets. Current
 values had been determined by cost approach method. Accretion on
 account of revaluation amounting toRs. 33601.86 Lacs had been credited to
 Revaluation Reserve. Depreciation on additional value is provided on
 the basis of life determined by the valuers. An amount of Rs. 1239.75
 Lacs equivalent to the depreciation for the year on such additional
 values has been withdrawn from Revaluation Reserve and credited to
 Profit & Loss Account.
 
 5.  (6) Pursuant to the implementation of SAP ERP system in March,2011
 in Mudhol, Karnataka Plants Inventory valuation method has been
 changed from annual weighted average method to daily moving weighted
 average for items procured and monthly moving weighted average in case
 of material in process and finished goods.
 
 6.  (8) Disclosures pursuant to clause 32 of the Listing Agreement.
 
 B) Investment by loanee in the shares of the Company : NIL
 
 D) Disclosure of Companys Interest in Joint Venture.
 
 The Ministry of Coal, Government of India, has allotted a Coal block in
 Maharashtra to the Company together with two other allottees for
 captive consumption. The allottees have formed a Joint Venture Company
 i.e.  Bander Coal Company Private Ltd.(BCCPL) for the aforesaid
 purpose. In terms of Joint Venture agreement, the Company has been
 allotted 375000 Equity Shares of Rs. 10/- each aggregating 37.5% of the
 Paid-up Equity Share Capital of BCCPL. Details of the Companys
 interest in its Joint Venture, having Joint Control, as per the
 requirement of Accounting Standard(AS)-27 on Financial Reporting of
 Interests in Joint Ventures, are as under based on Annual Accounts for
 the year ended 31.03.2010. Accounts for financial year 2010-11 have not
 yet been received, however, there would not be material changes as the
 Company is in process of getting necessary approvals.
 
 E) The Company is engaged only in cement business and there are no
 separate reportable segments as per AS-17.
 
 F) Employees Benefits:
 
 Disclosure in term of AS-15 are as under:- a) Defined contribution plan
 
 b) Defined benefit plan
 
 The Employees Gratuity Fund Scheme managed by a Trust is a defined
 benefit Plan. The present value of obligation is determined based on
 actuarial valuation using the projected unit credit method. The
 obligation for leave encashment is recognised in the same manner as
 gratuity.
 
 7.  (10) Based on the information available with the Company regarding
 the status of suppliers as defined under MSMED Act,2006, there was no
 principal amount overdue and no interest was payable to the Micro,
 Small and Medium Enterprises on 31st March,2011 as per the terms of
 Contract.
 
 8, Market value of quoted investment as on 31.03.2011 was nil. (As on
 31.03.2010 was 15.19 Lacs).
 
 9.  (12) Important performance ratios
 
 (i) Sales/Total Assets Ratio =0.89
 
 (ii) Operating Profit/Capital Employed Ratio= 27.38% 
 
 (iii) Return on Networth =6% (iv) Net Profit/Sales Ratio= 3%
 
 10.  (15) Previous year figures have been regrouped and recasted
 wherever necessary to conform to the classification of the year.
 
 11.  Serial nos in brackets are serial nos of Notes on Account.