1.  In the opinion of the Board and to the best of their knowledge and
 belief, the valuation on realisation of current assets, loans and
 advances in the ordinary course of business would not be less than the
 amount at which they are stated in the Balance Sheet.
 
 2.  The Supreme Court of India in April, 1996, upheld the validity of
 Jute Packing Materials (Compulsory use in Packing Commodities) Act,
 1987. The Company has been legally advised that the Act is applicable
 to it only with effect from October, 1996. Under the Act, Cement
 Manufacturers are required to use Jute Packaging Material for supply or
 distribution upto 50% of their total production. The Calcutta High
 Court has granted stay against show cause notice received by the
 Company from the Jute Commissioner.The Transfer Petition filed by the
 Union of India before the Hon''ble Supreme Court was dismissed by the
 Hon''ble court due to default and as a result of which the pending writ
 of the Company will be heard by the Hon''ble Kolkata High Court on
 merits. The amount that may become payable, is presently not
 ascertainable. However, the Government has not notified the compulsory
 packing of Cement in jute packing materials for the period effective
 from 1st July, 1997.
 
 3.  Disclosure of Sundry Creditors under Current Liabilities is based
 on the information available with the Company regarding the status of
 the suppliers as defined under the Micro, Small and Medium Enterprises
 Development Act, 2006. Amount overdue as at 31 March, 2011, to Micro
 and Small Enterprises on account of principal is Rs.0.92 Lakhs &
 interest is Rs.0.14 Lakhs (Previous year Rs. Nil on account of
 principal and interest of Rs.0.12 Lakhs)
 
 4.  The uncashed dividend of Rs. 66.23 lakhs (Previous year Rs.51.92
 lakhs) and deposits (including interest) of Rs.16.83 lakhs (Previous
 year Rs. 16.51 lakhs), shown under current liabilities do not include
 any amount due and outstanding to be credited to the ''Investor
 Education and Protection Fund''.
 
 5.  In respect of licence granted for captive mining Block at
 Radhikapur mines, a Joint Venture Company Radhikapur (West) Coal Mining
 Private Limited has been incorporated on 29th March 2010 in which
 company''s interest jointly with OCL Iron & Steel Limited (OISL) is
 14.696%. During the year, the company has invested Rs. 146.96 lakhs in
 equity shares of the JV Company which includes Rs. 76.67 Lakhs being
 proportionate value of shares to be transfered to OISL after the
 receipt of approval from the Ministry of Coal , Govt of India and other
 Joint Venture Partners.
 
 6.  Bank balances includes Rs. 60.10 lakhs lying in a current account
 with nationalised bank, to be operated jointly by the authorised
 signatories of the company and OISL in respect of Coal Block Operations
 as mentioned in note 11 above.
 
 7.  Related Party Disclosures (AS-18)
 
 a) Related parties and their relationship :
 
 1) Key management personnel : Shri M H Dalmia, Shri R H Dalmia,
 Shri.Gaurav Dalmia(Managing Director), Shri D.D.Atal (Wholetime
 Director)
 
 Relatives : Shri A H Dalmia, Shri.V.H.Dalmia, Shri Y.H.Dalmia, Smt.
 Abha Dalmia, Smt. Padma Dalmia, Smt.Shripriya Dalmia Thirani,
 Smt.Kanupriya Somany, Smt. Anuradha Jatia, Shri.Puneet Dalmia,
 Smt.Sharmila Dalmia, Smt. Kiran Atal.
 
 2) Associate concern : OCL Global Limited
 
 3) Enterprises over which key management personnel are able to exercise
 significant influence : Hari Machines Limited, Dalmia Bharat Seva
 Trust, Dapel Investments Pvt. Ltd, Dalmia Institute of Scientific &
 Industrial Research, Dalton International Ltd, Agrico Ltd., Dalmia
 Cement (Bharat) Ltd., Landmark Property Development Co.Ltd, Shree
 Natraj Ceramic & Chemical Industries Ltd, Chirawa Navyuvak Trust, Astir
 Properties Pvt. Ltd, Dalmia Shiksha Pratishthan, Landmark Landholdings
 Pvt.Ltd, Dalmia Bharat Sugar & Industries Ltd, Dalmia Bharat Entrprises
 Ltd.