I.  CONTINGENT LIABILITIES NOT PROVIDED FOR
 
                                                    (Rs. in Lakh;)
 
                                           2009-10              2008-09
 
 A) Claims against the Company
 
 not acknowledged as debt                      65.94             65.94
 
 B) Income Tax Matters
 
 i) Matters in which
 
 Department is in appeal              334.95           334.95
 
 ii) Matters in which the Company 
 is in appeal                         844.83           844.83
 
                                             1179.78           1179.78
 
 C) Sales Tax Matters in which the 
 Company is in appeal
 
 i) APGST                             914.13           955.06
 
 ii) CST                              163.27            97.62
 
                                             1077.40           1052.68
 
 The company has right of recompense from The India Cements Ltd towards
 the liabilities arising out of/pertaining to activities of the
 erstwhile Cement Division till 31st March, 1998.
 
 II.  The operations continued to remain suspended during the year under
 report. However, the accounts have been drawn up on a going concern
 basis pending final decision on the future business plan of the
 company.
 
 III.  Additional information pursuant to Provision of Para 3, 4C and 4D
 of part II of Schedule VI to the Companies Act, 1956.
 
 - Nil -
 
 IV.  Previous Years figures have been regrouped and rearranged
 wherever necessary.
 
 VI.  Deferred Tax Asset/Liability
 
 In accordance with Accounting Standard - 22 issued by The Institute of
 Chartered Accountants of India the company has Deferred Tax Asset. The
 deferred tax asset has net been recognized as there is no reasonable
 certainty that sufficient future taxable income will be available
 against which such Deferred Tax Asset will be realized.