1.  Contingent Liabilities not provided for
 
                                                 (Amount Rs. in Lacs)
 
 Sr. 
 No.  Particulars                                2010-11       2009-10
 
 a)  Income Tax demand : For Assessment 
 Year 2007-08, Company has filed
 an appeal with CIT (Appeal), Further, 
 CIT (Appeal) has passed an order
 in favour of company, and have instructed 
 Assessing officer to review
 some of the matters contested by the 
 company, for which
 assessing officer has not issued any 
 demand to the company                               Nil        152.62
 
 b) Corporate Guarantee given to Bank 
 against Loans taken by Subsidiary
 Company Lumax DK Auto Industries Limited.         22.85        222.97
 
 Based on the favourable decisions in similar cases/legal opinions taken
 by the Company, the company believes that it has good cases in respect
 of the items listed under (a) above and hence no provision there
 against is considered necessary.
 
 2.  Details in respect of Opening Stock, Production, Turnover & Closing
 Stock of Finished Goods: As Per Annexure-A (Certified by Management).
 
 3.  Details in respect of consumption of Raw Materials and Consumables
 and others: As per Annexure-B (Certified by Management).
 
 4.  In terms of Paragraph-3 Part-II of Schedule VI of the Companies Act
 1956, quantity wise disclosure have been restricted to those items/
 articles which individually account for 10% or more of the total Sales,
 Consumption as the case may be and the same is disclosed to the extent
 available and considered as compiled and certified by the management.
 
 5.  Gratuity and Other Post-Employment Benefit Plans:
 
 Provision for Gratuity is made in the books and take into effect the
 application of changes vide Gazette Notification No.15/2010, as the
 effective date of changes were notified by the Central Government
 during Current Year.
 
 6.  Related Party Disclosures:
 
 The information about transactions with the related parties is attached
 herewith - As per Annexure C.
 
 7.  Balance confirmation letters have not been obtained from some of
 the parties.
 
 8.  Previous year''s figures have been regrouped or rearranged wherever
 necessary to make them comparable with the current year''s figures.
 
 Related Party Disclosure:
 
 (A) Subsidiary
 
 (a) Lumax DK Auto Industries Ltd.
 
 (B) Key Management Personnel:
 
 (a) Mr. D. K. Jain (Husband of Mrs. Usha Jain & Father of Mr. Anmol
     Jain)
 
 (b) Mrs. Usha Jain (Wife of Mr. D.K. Jain & Mother of Mr. Anmol Jain)
 
 (c) Mr. Anmol Jain (Son of Mr. D.K. Jain & Mrs. Usha Jain)
 
 (C) Relatives of Key Management Personnel :
 
 (a) Mr. Deepak Jain (Son of Mr. D.K. Jain & Mrs. Usha Jain, Brother of
     Mr. Anmol Jain)
 
 (b) Mr. S.C. Jain (now deceased) (Father of Mr. D.K. Jain & Grandfather
     of Mr. Anmol Jain and Deepak Jain)
 
 (c) Mrs. Shivani Jain (Wife of Mr. Anmol Jain)
 
 (D) Enterprises Owned or Significantly Influenced by Key Management
     Personnel :
 
 (a) Lumax Industries Ltd.
 
 (b) Lumax Finance Pvt. Ltd. (formely Sheela Finance Pvt. Ltd.)
 
 (c) Deepak Auto Ltd.
 
 (d) Lumax Automotive Systems Ltd.
 
 (e) Lumax Filter Pvt. Ltd.
 
 (f) Mahavir Udyog
 
 (g) Lumax Investment and Finance Pvt. Ltd. (Merged with Sheela Finance
     Pvt. Ltd.) (h) Lumax International Pvt. Ltd.
 
 (i) Bharat Enterprises
 
 (j) S L Lumax Ltd.
 
 (k) Lumax Tours & Travels Ltd.
 
 (l) Vardhman Agencies Pvt. Ltd.
 
 (E) Joint Venture
 
 (a) Lumax Cornaglia Auto Technologies Pvt. Ltd.