1.  Estimated amount of contracts remaining to be executed on capital
 account Rs. 415.59 crs. (Previous year: Rs. 164.49 crs.).
 
 2.  Contingent liabilities in respect of claims not accepted and not
 provided for Rs. 37.64 crs. (Previous year: Rs. 35.64 crs.) pertaining to
 Excise duty matters in appeal Rs. 4.45 crs., Service tax matters Rs. 1.49
 crs., Sales Tax matters in appeal Rs. 3.40 crs., Income tax matters in
 appeal Rs. 6.76 crs. & other matters Rs. 21.54 crs. (Previous year: Rs. 4.39
 crs., Rs. 1.30 crs., Rs. 2.36 crs., Rs. 6.76 crs. & Rs. 20.83 crs.
 respectively).
 
 3.  Bills discounted with banks outstanding Rs. 13.86 crs. (Previous
 year: Rs. 15.40 crs.).
 
 4.  Excise Duty liability on account of valuation of finished goods is
 disputed and is yet to be determined. Without prejudice to the
 Companys stand in this behalf, as per Governments desire an adhoc
 amount of Rs. 5.45 crs.  was paid under protest in earlier years and
 debited to ‘Advances Recoverable and an equivalent amount was provided
 in Profit and Loss Account. On Writ Petition filed by the Company in
 the Honble Delhi High Court, the said Court directed the Excise
 Authorities to determine the valuation of finished goods in accordance
 with law and observations made in the order.
 
 5.  The Company has given guarantee to a bank in respect of loan
 outstanding as at 31.03.2011 of Nil (Previous year: Rs. 0.45 cr.) in
 respect of a body corporate against counter indemnity.
 
 6.  Factory & Service Buildings and Plant and Machinery of Companys
 Plant at Jaykaygram were revalued as at 1st January, 1985 & 1st April,
 1991. On 1st April, 1997 the revaluation of such assets was updated
 along with similar assets of Banmore plant. The revaluation of said
 assets of Jaykaygram and Banmore was further updated alongwith Factory
 Land and Township Building as at 1st April, 2002 based on replacement
 cost by a Valuer. The Gross Block includes cumulative surplus of Rs.
 667.23 crs. as at 31.03.2011 (Previous year: Rs. 667.78 crs.) arising on
 revaluation.
 
 8.  a) Debts over six months and Advances are net of provisions made
 for Doubtful Debts Rs. 3.23 crs. and Advances
 
 Nil (Previous year: Rs. 3.03 crs. and Rs. 0.32 cr. respectively).
 
 b) Debts over six months / Advances include Rs. 3.40 crs. (Previous year:
 Rs. 3.66 crs.) for which legal and other necessary action has been taken.
 In the opinion of the Management, these debts are recoverable and the
 same have been classified as good.
 
 9.  In respect of certain disallowances and additions made by the
 Income Tax Authorities, appeals are pending before the Appellate
 Authorities and adjustment, if any, will be made after the same are
 finally determined.
 
 10.  Raw materials consumed has been determined after adjusting Rs. 11.81
 crs. (Previous year: Rs. 26.83 crs.) accounted for on accrual basis in
 respect of import entitlements against exports made under Duty
 Exemption Scheme.
 
 11.  The Company has worked out reversal of Modvat Credit availed on
 exports under Value Based Advance Licence in earlier years and reversed
 the same in accounts. Pursuant to special scheme announced by the
 Government, the Company has also paid interest on such reversals.
 Further, the Excise department has issued certain basis for reversal of
 Modvat, which is disputed and has been contested by the Company in a
 Writ Petition before the Honble Delhi High Court and directions have
 been issued to treat the reversal already made by the Company as
 provisional.
 
 12.  a) Exchange difference (net) amounting Rs. 12.84 crs. (Previous
 year: Rs. 5.83 crs. - credited) has been debited in respective heads 
 of account in Profit and Loss account.
 
 b) Forward Contracts for hedging Payables - Rs. 207.71 crs. - US $ 44.74
 Million, Rs. 152.17 crs. - Euro 24.25 Million and Rs. 9.30 crs. - GBP 1.26
 Million (Previous year: Rs. 76.29 crs. - US $ 16.40 Million, Rs. 0.90 cr. -
 Yen 17.16 Million, Rs. 74.19 crs. - Euro 11.03 Million and Rs. 9.87 crs. -
 GBP 1.29 Million) are outstanding as at 31.03.2011.
 
 c) Foreign currency exposure unhedged net payable is Rs. 94.42 crs. - US
 $ 21.15 Million (Previous year: Rs. 104.65 crs. - US $ 23.18 Million) as
 at 31.03.2011.
 
 13.  The details of amounts outstanding under the Micro, Small and
 Medium Enterprises Development Act, 2006 (MSMED Act) to the extent of
 information available with the Company are as under: 
 (i) Principal & Interest amount due and remaining unpaid as at 
 31.03.2011: Nil (Previous year: Nil), 
 (ii) Payment made beyond the appointed day during
 the year: Nil (Previous year: Nil) and (iii) Interest Accrued and
 unpaid as at 31.03.2011: Nil (Previous year: Nil).
 
 14.  The Company has not provided diminution in the value of certain
 unquoted long term strategic investments, since in the opinion of the
 Board, such diminution in their value is temporary in nature,
 considering the inherent value, nature of investments, the investees
 assets and expected future cash flow from such investments.
 
 15. Investor Education and Protection Fund includes Rs. 0.50 cr. for
 unclaimed dividend (Previous year: Rs. 0.40 cr.), Rs. 1.64 crs. for
 unclaimed fixed deposits (Previous year: Rs. 1.63 crs.), and Nil for
 unclaimed amount on debentures (Previous year: Rs. 0.01 cr.), which shall
 be deposited on respective due dates.
 
 (ii) The expected return on plan assets is determined considering
 several applicable factors mainly the composition of the plan assets
 held, assessed risks of assets management, historical results of return
 on plan assets and the policy for plan assets management.
 
 (iii) The estimates of future salary increase, considered in actuarial
 valuation, take account of inflation, seniority, promotion and other
 relevant factors, such as supply and demand in the employment market.
 
 (iv) Contributions to PF (trust) during the 12 months ended 31st March,
 2011 of Rs. 0.89 cr. (Previous year:
 
 Rs. 0.88 cr.) has been included under the head Staff Cost. (Refer
 Schedule 11)
 
 Pending the issuance of the Guidance Note from the Institute of
 Actuaries of India, the Companys
 actuary has expressed his inability to reliably measure the provident
 fund liability.  (b) Defined - Contribution Plans:
 
 Employers Contributions to Provident and other Funds charged off
 during the 12 months ended 31st March, 2011 of Rs. 18.98 crs. (Previous
 year: Rs. 16.46 crs.) has been included under the head Staff Cost. (Refer
 Schedule 11).
 
 16.  Figures less than Rs. 50000 have been shown at actual in bracket.
 
 17.  Figures for the previous year have been regrouped / rearranged /
 recast, wherever necessary.