1.  Contingent Liabilities not provided:
 
                                            (Rs.in Lacs) (Rs. in Lacs)
 
                                                Current      Previous
 
                                                   Year          Year
 
 
 
 (i) For Income Tax                               511.36       461.73
 
 matters against                             
 which   company                                  
 has preferred appeal                  
 
 (ii) Liability towards                          2612.86      3177.63
 Corporate  Guarantee               
 given  to  Bank   against         
 credit  facilities  availed        
 by  other  Body  Corporate
 
 2.  Appeals in respect of certain assessments of Income Tax are pending
 and additional tax liabilities/refunds, if any, is not determinable at
 this stage. Adjustments for the same will be made after the same is
 finally determined.
 
 3.  Loans to Body corporate Rs. 11760.28 lacs (including Rs. Nil of
 subsidiary companies) (previous year Rs. 10157.20 lacs (including Rs.
 Nil of subsidiary companies)) are repayable on demand. Some of these
 companies are having accumulated losses. The management is confident of
 recovering the same as and when recalled and hence amount outstanding
 have been considered good and recoverable.
 
 4.  In opinion of the board, Loans & Advances have a realisable value,
 in the ordinary course of business at least equal to the amount at
 which they are stated.
 
 5.  The company operates in single primary segment i.e.  investment and
 finance.
 
 6. (i) Provision for Non Performing Loans and Advances amounting to Rs.
 Nil (previous year Rs. 6.06 lacs) on doubtful loans have been decided
 by the management considering prudential norms prescribed by the
 Reserve Bank of India.
 
 7.  Based on the information available with the Company regarding the
 status of the supplier under the Micro, Small and Medium Enterprises
 Development Act, 2006, no amount is due to Micro, Small and Medium
 Enterprises.
 
 8 Related Parties Transactions
 
 A List of Related Parties & Relationship (As identified by the
 Management)
 
 a) Parties where control exists : Subsidiaries
 
 Jindal Holdings Limited Jindal Steel & Alloys Limited Jindal Stainlelss
 ( Mauritius) Limited Massillon Stainless Inc. U.S.A.
 
 b) Key Management Personnel :
 
 1.  Sh. Mahender Kumar Goel Executive Director & C.E.O.
 
 2.  Sh. Bhartendu Harit Company Secretary
 
 c) Associate
 
 1.  Brahmputra Capital & Financial Services Ltd.
 
 9 As per the requirement of clause 32 of the listing agreement, the
 following are the details of Loans and advances of the Company
 outstanding at the year end and maximum amount outstanding.
 
 2.  No commission is being payable to the Directors and hence,the
 computation of Net Profit under Section 349 of the Company Act,1956 is
 not given.
 
 10 Other information pursuant to Part II of schedule VI to the
 Companies Act, 1956 are either Nil or not applicable
 
 11) Previous year''s figures have been re-arranged and regrouped
 wherever considered necessary.
 
 12) Schedule 1 to 12 are annexed to and form integral part of the
 Balance Sheet and Profit & Loss Account.