As at        As at
                                                 31.03.2011   31.03.2010
                                                        Rs.          Rs.
 
 1.  Contingent Liabilities not provided for: -
 
 a.  Estimated amount of contracts remaining to
     be executed on Capital accounts            8,31,77,495  1,19,55,000
 
 b.  Bank Guarantees                            2,55,93,673 18,20,23,938
 
 c.  Letters of Credit                          7,91,78,751  1,47,08,148
 
 d.  Corporate Guarantee furnished by the 
     Company for Ramco Systems
     Limited to support their credit
     facilities to their bankers.              50,00,00,000 35,00,00,000
 
     Corporate Guarantee furnished by the 
     Company for Sri Harini Textiles Ltd., 
     to support their credit facilities 
     to their bankers.                        36,29,00,000  36,29,00,000
 
 e.  Sales Tax                                   89,00,000     89,00,000
 
 2.  Audit, Accountancy and Legal Charges 
     include fees (inclusive of
     service tax) paid to Statutory 
     Auditors towards:
 
     Statutory Audit Fees                         6,61,800      6,61,800
 
     Tax Audit Fees                                 44,120        44,120
 
     Fees for certification                         66,180        33,090
 
     Expenses of Audit                            2,24,468      3,18,501
 
 3 The Company has not utilized Short Term Loans for Long Term purposes.
 
 4.  Income Tax assessment has been completed upto the Accounting year
 2007–2008 (i.e. Assessment year 2008-09). Demands raised by the
 Department amounting to Rs.21.79 Crs which have been disputed by the
 company and necessary appeals have been filed. Based on the nature of
 the claim disputed, no provision has been considered necessary.
 
 5.  Sales Ta x demands amounting to Rs.89 lacs have been disputed by
 the company and necessary appeals have been filed.  Based on the nature
 of claim disputed, no provision has been considered necessary.
 
 6.  Sundry Debtors include Dues from Overseas Subsidiary Company viz.,
 Sri Ramco Lanka (Private) Ltd., Sri Lanka to the extent of
 Rs.3,17,49,064/-. Maximum amount due during the year –
 Rs.7,55,81,346/-.
 
 7.  Current Liabilities:- There are no dues to Micro and Small
 Enterprises as at 31-3-2011. This information as required to be
 disclosed under the Micro, Small and Medium Enterprises Development
 Act, 2006 has been determined to the extent such parties have been
 identified on the basis of information available with the Company.
 
 8.  The Companys Shares are listed on Madras Stock Exchange, National
 Stock Exchange of India Ltd and The Stock Exchange, Mumbai and the
 listing fees in respect of all the three exchanges for the Financial
 year 2011 – 2012 have been paid.
 
 9.  a.  Term Loans of Rs.5587.41 Lacs borrowed from banks for
 expansion of Textile and Wind Mill division under TUF Scheme
 are secured by paripasu first charge on the fixed assets and paripassu
 second charge on current assets of the Company.
 
 b.  Term Loans of Rs.8700.00 Lacs borrowed from banks are secured by
 paripasu first charge on the fixed assets and paripasu second charge on
 current assets.
 
 c.  External Commercial Borrowing Loan of USD.4.25 Million amounting to
 Rs.2118.50 lacs borrowed from DBS Bank Ltd, Singapore is secured by
 paripasu first charge on the fixed assets and paripasu second charge on
 current assets in favour of Security Trustee DBS Bank, Chennai.
 
 d.  The Working Capital Borrowings of the Company are secured by
 hypothecation of Stocks of raw materials, work-in- progress, stores,
 spares and finished goods and book debts and second charge on fixed
 assets.
 
 10.  The premium on forward exchange contracts not intended for trading
 or speculative purpose is amortized as expense over the life of the
 contract, During the current year Rs.29.02 lacs (PY:Rs.42.39 lacs) has
 been amortized and the same is included in Interest and finance
 charges.
 
 11. The Company has availed Incentives of Rs.111.14 Lacs during the
 year under the Kutch Development Scheme 2001” in respect of its Fibre
 Cement Plant at Anjar, Bhuj in the State of Gujarat. The Scheme,
 inter-alia, stipulates investment of the amount equivalent to 50% of
 the Incentives availed in the new project in the State of Gujarat
 within a period of 10 years from the date of commencement of commercial
 production. The Company had obtained a Legal Opinion on the manner of
 treatment of these subsidies. During the year incentives amounting to
 Rs.55.57 lacs has been capitalized (PY:Rs.654.42 lacs) together with
 Rs.1205.14 lacs capitalized upto 31.03.2010, the incentives capitalized
 so far is Rs.1260.71 lacs, being 50% of the total incentives of
 Rs.2521.42 lacs availed upto 31.03.2011.
 
 The Company is eligible for Incentives under the West Bengal Incentive
 Scheme 2000” in respect of its Fibre Cement Plant and Clinker Grinding
 unit at Kharagpur in the State of West Bengal. A sum of Rs.564.12 lacs
 (Previous Year: Rs.446.72 lacs) accrued as Industrial Promotion
 Assistance is credited to Profit and Loss Account.
 
 Interest subsidy under Technology Upgradation Fund (TUF) is credited to
 interest and finance charges account.
 
 12.  The Company has capitalized borrowing cost amounting to Rs.0.35
 Crs for Gangaikondan Plant and Rs.0.66 Crs for Bihiya Plant.
 
 13.  RELATED PARTY DISCLOSURE
 
 As per Accounting Standard (AS 18) issued by the Institute of Chartered
 Accountants of India, the Companys related parties are given below:
 
 a.  Subsidiary Companies:
 
 1.  Sudharsanam Investments Ltd
 
 2.  Sri Ramco Lanka (Private) Ltd., Sri Lanka
 
 3.  Sri Ramco Roofings Lanka (Private) Ltd., Sri Lanka
 
 b.  Key Management Personnel and relatives: P.R. Ramasubrahmaneya Rajha
 
 P.R. Venketrama Raja
 
 c.  Enterprises over which the above persons exercise significant
 influence and with which the company has transactions during the year.
 
 Rajapalayam Mills Ltd
 
 Madras Cements Ltd
 
 Ramco Systems Ltd
 
 The Ramaraju Surgical Cotton Mills Ltd
 
 Sri Vishnu Shankar Mill Ltd
 
 Sandhya Spinning Mill Ltd
 
 Thanjavur Spinning Mill Ltd
 
 Sri Harini Textiles Ltd
 
 Rajapalaiyam Spinners P Ltd
 
 14.  Previous years figures have been regrouped/restated wherever
 necessary so as to make them comparable with that of the current year.