1.  Exceptional items shown in the Profit and Loss Account comprises of
 gain of Rs. 4.36 Crores on sales of land and building, loss of Rs. 1.35
 Crores on redemption of mutual fund investments and loss of Rs. 2.05
 Crores on redemption of investments in preference shares. (Previous
 year : exceptional items comprises of amalgamation expenses of Rs.
 10.25 Crores and exchange loss of Rs. 8.62 Crores on redemption of
 investments in preference shares.)
 
 2.  Segment information has been presented in the Consolidated
 Financial Statements as permitted by Accounting Standard - 17 on
 Segment Reporting as notified under the Companies (Accounting
 Standards) Rules, 2006.
 
 3.  (a) Loans are secured as follows :
 
 (i) Out of the above loans, Rs. 216.99 Crores (Previous year : Rs.
 202.55 Crores) is repayable within one year.
 
 (b) In case of unsecured loans Rs. 85.46 Crores (Previous year : Rs.
 36.13 Crores) is repayable within one year.
 
 4.  (a) Contingent liabilities :
 
 (i) Guarantees given by the Companys bankers and counter guaranteed by
 the Company Rs. 78.06 Crores (Previous year : Rs. 61.28 Crores).
 
 (ii) Claims against the Company not acknowledged as debts :
 
 (a) Dispute in respect of exemption of Central Sales Tax on coal
 purchases Rs. 7.56 Crores (Previous year : Rs. 7.56 Crores). Against
 this matter, bank guarantee of Rs. 7.70 Crores (Previous year : Rs.
 7.70 Crores) has been provided by the Company.
 
 (b) Energy Development Cess disputed Rs. 7.44 Crores (Previous year :
 Rs. 7.44 Crores)
 
 (c) Royalty on limestone disputed Rs. 10.84 Crores (Previous year : Rs.
 33.84 Crores)
 
 (d) Tax on Rural and Road Development disputed Rs. 5.27 Crores
 (Previous year : Rs. 3.00 Crores)
 
 (e) Other Claims in respect to Income Tax, Sales Tax, Entry Tax, Excise
 Duty and other claims Rs. 32.05 Crores. (Previous year : Rs. 11.11
 Crores)
 
 (iii) Corporate guarantees issued to the bankers of the wholly owned
 subsidiary company Rs. 64.74 Crores (Previous year : Rs. 61.22 Crores)
 
 (b) Estimated amount of contracts remaining to be executed on capital
 account and not provided for (net of advances) Rs. 34.87 Crores
 (Previous year : Rs. 354.88 Crores).
 
 (c) Disclosure of provisions made as per the requirements of Accounting
 Standard - 29 on Provisions, Contingent Liabilities and Contingent
 Assets as notified under the Companies (Accounting Standards) Rules,
 2006, is as follows :
 
                                                         (Rs. Crores)
 
 Particulars          As at      Provisions     Amounts        As at
                 01.04.2010     made during          or   31.03.2011
                                   the year    reversed  
                                                 during 
                                               the year
 
 MPEB Cess on 
 Generation of 
 Electricity            890             Nil        0.57         8.33
 
 MP Entry/VAT Tax       837             026         Nil         8.63
 
 UP Entry Tax         22.55             Nil        2.00        20.55
 
 
 The above provision is net-off the payment made there against. In
 future, there may be cash inflow in case the dispute is settled in the
 favour of the Company. In case the disputes are settled against the
 Company there may be cash outflow of Rs. 37.51 Crores (Previous year :
 Rs. 39.82 Crores).
 
 5.  Term Deposits with scheduled banks include deposits of Rs. 0.10
 Crores (Previous year : Rs. 0.22 Crores) on which the bank has lien for
 guarantee given by them.
 
 6.  Employee Defined Benefits :
 
 (a) Defined contribution plans :
 
 The Company has recognised an expense of Rs. 8.93 Crores (Previous year
 : Rs. 6.78 Crores) towards defined contribution plans, in respect of
 Provident Fund and Superannuation Fund.
 
 (b) Defined benefit plans :
 
 The actuarial valuation of the present value of the defined benefit
 obligation were carried out at March 31, 2011. The present value of the
 defined benefit obligation and the related service cost, were measured
 using the Projected Unit Credit Method.
 
 The following tables set out the funded status and amounts recognised
 in the Companys financial statements as per actuarial valuation as on
 March 31, 2011 for the Defined Benefits Plan :
 
 (iv) Category of plan asset is not available as the fund is
 independently managed by the insurance companies.
 
 (v) Actuarial Assumptions used in accounting for leave entitlement and
 gratuity :
 
 (i) Discount rate : 8% (Previous year : 8%)
 
 (ii) Expected rate of return on plan assets : 8% (Previous year : 8%)
 
 (iii) The estimates of future salary increases of 4 to 5%, considered
 in actuarial valuation, taking into account the general trend in salary
 rise and the inflation rates.
 
 7. Amount recoverable in cash or kind includes Rs. 0.01 Crores
 (Previous year : Rs. 0.02 Crores) due from an officer of the Company.
 Maximum amount outstanding during the year Rs. 0.02 Crores (Previous
 year : Rs. 0.04 Crores).
 
 (b) Commission to Non-Executive Director Rs. 0.25 Crores (Previous year
 : Rs. Nil).
 
 8.  (a) The Company has entered into finance lease for using the
 mining surface rights of limestone, against which the total payment has
 been made and no contingent rent is payable.
 
 9. Provision for current tax includes Wealth Tax of Rs. 0.12 Crores
 (Previous year : Rs. 0.13 Crores). For the current year, the Company is
 under Provisions of Minimum Alternate Tax (MAT) as per section 115 JB
 of the Income Tax Act, 1961 and to the extent of MAT credit
 entitlement, the amount has been carried forward and shown as
 receivables in the Balance Sheet.
 
 10 VAT Subsidy:
 
 As per Madhya Pradesh Industrial Investment Promotion Assistance Scheme
 - 2004, the Company is entitled for subsidy of 75% of VAT/CST paid from
 the new unit at Satna, subject to prescribed limits. Subsidy receivable
 for the year of Rs. 8.24 Crores has been included in other income in
 Schedule I.
 
 11.  Disclosure regarding transactions with Related Parties in terms of
 Accounting Standard -18 is as under : a.  Name of the related parties
 
 Joint Venture/
 Associates              Subsidiaries               Key Management
                                                         Personnel
  
 - Ardex Endura         - Raheja QBE General        - Mr. Manoj Chhabra
 (India) Private          Insurance Co. Ltd.        - Mr. Vijay Aggarwal
 Ltd.                                               - Mr. Ganesh Kaskar
 
 - Sentini Ceramica     - RMC Readymix Porselano  
 Private Ltd.             (India) .(Formerly known 
                          as Porselano Tiles Limited)
 
 - Antique Marbonite    - H & R Johnson (India)
 Private Ltd.(Formerly    TBK Ltd.
 known as Antique         
 Limited                  Lifestyle Investment
 Granito Private Ltd.)    Pvt Ltd
 
 - Spectrum Johnson       Silica Ceramica Private
 Tiles Private Ltd.       Ltd.
 (Formerly known as 
 Spectrum  Private.     - Milano Bathroom
 Ltd.) .                  Fitting Private Ltd.  
                          (Joint Venture up to
 - TBK Samiyaz Tile       26.06.2010 and there 
 Bath Kitchen             after subsidary)
 Private Ltd.  Ltd.  
 
 - TBK Shriram Tile 
 Bath Kitchen Private 
 Ltd.
 
 - TBK Deziners Home 
 Private Ltd.
 
 - TBK Unique Jalgaon 
 Tile Bath Kitchen 
 Private Ltd.
 
 - TBK PB Shah Tile 
 Bath Kitchen Private 
 Ltd.
 
 - TBK Deepgiri Tile 
 Bath Kitchen Private 
 Ltd.
 
 - TBK Pratap Tile 
 Bath Kitchen Private 
 Ltd.
 
 - TBK Rangoli Tile 
 Bath Kitchen Private 
 Ltd.
 
 - TBK Bansal Ceramics 
 Private Ltd.
 
 - TBK Venkataramiah 
 Tile Bath Kitchen 
 Private Ltd.
 
 - TBK Rathi Sales 
 Agencies Private Ltd.
 
 - Prism Power and 
 Infrastructure Private 
 Ltd.
 
 ii.  As certified by Management and being a technical matter, relied
 upon by the Auditors.
 
 iii. Out of the above production of cement, 4,028 tonnes (Previous year
 : 43,770 tonnes) have been used for captive consumption including 3,506
 tonnes (Previous year : 43,653 tonnes) for capital jobs. Out of above
 production of Readymixed Concrete, rejection/wastage/slurry is 6,953
 cubic meter (Previous year : 6,765 cubic meter). Captive consumption of
 Concrete is 2,961 cubic meter (Previous year : 2,050 cubic meter). Out
 of above production of Ceramic tiles captive consumption is 37 Tonnes
 (Previous year : Nil)
 
 iv.  Cement sales include handling/transit loss and samples 976.21
 tonnes (Previous year : 100.39 tonnes).
 
 12.  Value of Imports on CIF basis :
 
 Spares Rs. 20.24 Crores (Previous year : Rs. 27.13 Crores) Raw
 materials Rs. 24.52 Crores (Previous year : Rs. 12.28 Crores) Capital
 Goods Rs. 148.09 Crores (Previous year : Rs. 130.84 Crores) Traded
 Goods Rs. 8.95 Crores (Previous year : Rs. 8.04 Crores)
 
 13.  Details of earnings in foreign currency :
 
 F.O.B. Value of Export Rs. 17.91 Crores (Previous year : Rs. 16.08
 Crores) Sale of Carbon Credits Rs. 2.51 Crores (Previous year : Rs.
 1.14 Crores) Interest income Rs. Nil (Previous year : Rs. 0.63 Crores)
 
 14.  Disclosure of Foreign Currency Exposure :
 
 (b) The Company has outstanding forward contracts to purchase US$ 0.33
 Crores (Previous year : US$ 1.25 Crores) as on the Balance Sheet date
 to hedge foreign currency liability.
 
 15.  Figures for the previous year have been
 regrouped/reclassified/reinstated, wherever considered necessary.