1.  Buildings, Plant and Machinery and Railway siding were revalued as
 on 1st January, 1988 by the valuer after considering useful life,
 quotations and R.B.I. indices, etc.  As a result net book value of such
 assets was increased by Rs.2355.16 lacs which was transferred to
 revaluation reserve. Depreciation for the year includes Rs.9.10 lacs
 (Previous year Rs.9.17 lacs) being depreciation on the increased amount
 of assets due to revaluation and an equivalent amount has been
 transferred from Revaluation Reserve to the Profit and Loss Account.
 
 2.  The merger of Mangalam Timber Products Ltd (MTPL) with the company
 through the judicial process is in progress.  The Honble High Court of
 Rajasthan, Jaipur, has directed convening of the meeting of unsecured
 creditors and Share holders of the company which is scheduled for
 Saturday the 21st May, 2011 at the Registered Office of the Company.
 The merger, on approval by Honble High Court of Rajasthan, Jaipur and
 Honble High Court of Orissa, Cuttack, will be effective from 1st April
 2010.
 
 3.  Contingent liabilities not provided for:
 
 (i) Claims against the Company not acknowledged as debts: Differential
 of royalty on limestone Rs.180.34 lacs (previous year Rs.180.34 lacs),
 Disputed Cenvat and other excise claims Rs.1157.12 lacs (previous year
 Rs.1100.60 lacs), differential tax on raw material (Sales Tax) etc.
 Rs.9.72 lacs (previous year Rs.9.72 lacs), Turnover tax Rs.3.13 lacs
 (previous year Rs.3.13 lacs), Claims by customers and others Rs.50.51
 lacs (previous year Rs.50.81 lacs), Income Tax matters Rs.542.86 lacs
 (previous year Rs.76.26 lacs), Differential of CST Rs.639.22 lacs
 (previous year Rs.592.16 lacs), Haryana VAT matters Rs.0.68 lacs
 (previous year Rs.0.68 lacs).
 
 (ii) The Jute Commissioner has issued a show cause notice dated
 14.08.2002 for non use of Jute Packaging Material as stipulated under
 the Jute Packaging Material (Compulsory use in Packing Commodities) Act
 1987, which has been stayed
 by the Honorable Rajasthan High Court, Jodhpur.  Liabilities on this
 account upto 30.06.1997 are presently not quantifiable.
 
 4.  In accordance with the proposed Scheme of Amalgamation, the Company
 has advanced interest free loan of Rs.3 crores to Mangalam Timber
 Products Ltd. (MTPL) on 18.01.2011, which has since been received back.
 However, in case the merger is not effected, interest @11.5% p.a. will
 be paid by MTPL to the Company on the said loan.
 
 5.  Provision for current tax for the current year 2010-11 is net of
 MAT credit of Rs.805 lacs (2009-10 Rs.Nil) as the company is confident
 to generate sufficient taxable income in the next few years available
 for set off of the aforesaid credit within the stipulated time.
 
 6.  Estimated capital commitments outstanding Rs.425.77 lacs (previous
 year Rs.9457.70 lacs) against which advance paid Rs.78.21 lacs
 (Previous year Rs.4542.51 lacs).
 
 7.  (i) Pursunt the order dated 30th November, 2007 of the Honble
 Rajasthan High Court deferred tax liability for the year Rs.1164 lacs
 (previous year Rs.585 lacs) has been adjusted against Securities
 Premium Account.
 
 8.  It is not possible to ascertain the quantum of accrual with
 reasonable certainty in respect of insurance, other claims and
 performance guarantees, the same are continued to be accounted on
 settlement basis.
 
 9.  Maximum amount due at any time during the year from an officer of
 the Company under the head “Loans and Advances” is Rs.2.05 lacs
 (Previous year Rs.0. 77 lac).
 
 10. (a) Capital work-in-progress includes advance against capital
 orders, machinery under installation and building and other assets
 under erection.
 
 11 Employee Defined Benefits
 
 (b) Defined Benefit Plans as per Actuarial Valuation as on 31st March,
 2011 and recognised in the financial statements in respect of Employee
 Benefit Schemes:
 
 12.  The company is engaged only in cement business and there are no
 separate reportable segments as per Accounting Standard 17.
 
 13 Related Party Information          2010-11
 
 I.  List of Related Parties
 
 (a) Key Management Personnel      Shri KC Jain (Managing Director)
 
 (b) Enterprise in which 
 Key Management personnel is able  (1) Kesoram Industries 
 to exercise significant influence     Ltd.
 
                                   (2) Kamal C Jain & Co.
 
 (c) Other Related Parties #
 
                                   (1) Shri A.V. Jalan
 
                                   (2) Smt.Vidula Jalan
 
                                   (3) Pilani Investment & 
                                       Industrial Corporation Ltd.
 
                                   (4) Vidula Consultancy Service Ltd.
 
                                   (5) Mangalam Timber Products Ltd.
 
                                           2009-10
 
 I. List of Related Parties
 
 (a) Key Management Personnel      Shri KC Jain (Managing Director)
 
 (b) Enterprise in which 
 Key Management personnel is able
 to exercise significant influence (1) Kesoram Industries Ltd.
 
                                   (2) Kamal C Jain & Co.
 
 (c) Other Related Parties #       (1) Shri A.V. Jalan
 
                                   (2) Smt.Vidula Jalan
 
                                   (3) Pilani Investment & 
                                       Industrial Corporation Ltd.
 
                                   (4) Vidula Consultancy Service Ltd.
 
                                   (5) Mangalam Timber Products Ltd.
 
 # The parties stated in (c) above are Related Parties in the broader
 sense of the term and are included for making the financial statements
 more transparent.
 
 14 (a) Information for class of goods manufactured, sold and stocks-
 Portland cement
 
 (b) All Raw Materials consumed are indigenous.
 
 (c) Stores and spare parts consumed.
 
 15. Previous years figures have been regrouped and rearranged wherever
 necessary.