Novartis India

1.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for (net of advances) Rs 943(000) [Previous
 year Rs 1,309(000)].
 
                                               As at              As at
                                     31st March 2009    31st March 2008
                                             Rs 000            Rs 000
 
 2.  Contingent Liabilities
 
 (a)   Claims against the company not
       acknowledged as debts
       Income tax matters
 (i)   Matters decided in favour of the
       company but disputed further by the
       income tax authorities               303,699            303,699
 (ii)  Matters decided against the company
       in respect of which the company has
       preferred an appeal                  119,618            123,410
       Sales tax matters                    166,097            737,885
       Service tax matter                         -                165
       Excise matters                         5,110              5,777
       Claims from a third party 
       manufacturer in respect of 
       Excise matter                            667             26,308
       Claim for penalty under the
       Foreign
       Exchange Management Act, 1999              -              7,300
       Claims from Consumers                  1,758              2,058
       Others                                 2,100              3,910
 (b)   Uncalled liability on partly 
       paid share in Hill
       Properties Limited                         2                  2
 
 Notes :
 
 (i) Future cash outflows in respect of (a) above are determinable only
 on receipt of judgements/ decisions pending with various
 authorities/forums and/or final outcome of the matters.
 
 (ii) Future cash outflow in respect of (b) above is dependent on the
 call to be made by Hill Properties Limited.
 
 3.  (a) Salaries, Wages and Bonus include Rs 5,253(000) [Previous year
 Rs 2,607(000)] paid to employees under the Voluntary Retirement
 Schemes.
 
 (b) Voluntary Retirement Costs represent the actuarial value as at 31st
 March 2009 of compensation payable under the Voluntary Retirement
 Schemes. Amount payable within one year approximately Rs 3,956(000)
 [Previous year Rs 5,054(000)].
 
 4.  Previous year figures have been regrouped where necessary.