1.1 The company has only one class of equity shares having a par value
 of Rs. 10 per share. Each holder of equity share is entitled to one
 vote per share.
 
 1.2 In the event of liquidation of the company, the holders of equity
 shares will be entitled to receive remaining assets of the company,
 after distribution of all preferential amounts. The distribution will
 be in proportion to the number of equity shares held by the
 shareholders.
 
 1.3 The Board of Directors, in its meetings held on 23rd January, 2012
 and 15th May, 2012 declared two interim dividend of Rs. 6 each per
 equity share.  The Final dividend proposed by Board of Directors is
 subject to the approval of shareholders in the ensuing Annual General
 Meeting.
 
 1.4 As no fresh issue of shares or reduction in capital was made during
 the current year as well as during the previous year, hence there is no
 change in the opening and closing capital. Accordingly, reconciliation
 of capital has not been given.
 
 1.5 The Equity Shares of the Company are listed at Bombay Stock
 Exchange Limited and National Stock Exchange of India Limited and the
 annual listing fee has been paid for the year.
 
 2.1 Demand loans from banks are secured by hypothecation of inventories
 of stock-in-trade, stores & spares, book-debts and other current assets
 of the Company on First charge basis and on whole of movable fixed
 assets of the Company on second charge basis and also secured by joint
 equitable mortgage on all the immovable assets of the company on second
 charge basis.
 
 3.1 Trade Payables 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 and there
 are no delays in payments to Micro, Small and Medium Enterprises as
 required to be disclosed under the said Act. This has been relied upon
 by the Auditors.
 
 3.2 Other Payables includes the liability of employees and rebates to
 customers etc.
 
 4.  The Competition Commission of India (CCI) has, vide its order
 dated 30.07.2012, alleged contravention of provisions of the
 Competition Act, 2002 and imposed penalty of Rs. 397.51 crore on the
 Company. The company is contesting the same & accordingly, no provision
 has been made as on 30.06.2012.
 
 5.  Hitherto the revenue from Traded Power and corresponding purchase
 cost of power trading activities was recorded as sales and purchase
 separately. For better presentation, Company has now shown these sale
 and purchase with their net result as revenue from power trading
 operation. Accordingly, the corresponding numbers of previous year have
 been regrouped and rearranged. There is no effect on the profits of the
 Company.
 
 6.  Estimated amount of contracts remaining to be executed on capital
 account (net of advances) Rs. 220.35 crore (Previous Year Rs. 198.18
 crore).
 
 7.  Capital Work-in-Progress includes pre-operative expenses of Rs.
 17.60 crore (Previous Year Rs. 18.31 crore) which includes depreciation
 of Rs. 0.36 crore (Previous Year Rs. 0.46 crore) on assets during
 construction period.
 
 8.  The grants / subsidies given by government for promoting
 industrialization, being capital in nature, have been credited to
 capital reserve in the current accounting period (Refer accounting
 policy on government grants). Consequently, the profit for the period
 ended 30th June, 2012 is lower by Rs. 210.23 crore.
 
 9.  Till the year ended 31st March 2011, Leasehold Land was shown at
 cost. During the current financial year, the company has changed
 amortization policy to provide that Leasehold Land not containing
 mineral reserve is amortized over the period of lease.  (Refer Note No.
 1 - XIII (b)).
 
 It has been decided to give retrospective effect to this change.
 Accordingly amortization of Rs. 0.40 crore has been provided during the
 period. This change will give a systematic basis of amortization
 charge, representative of the time pattern in which the economic
 benefits flow to the company. Current period profit is therefore lower
 by Rs. 0.40 crore, due to this change.
 
 10.  Till the year ended 31st March 2011, Mineral Bearing Land was
 being shown at cost. During the current financial year the company has
 changed the amortization policy to provide that Mineral Reserve
 forming part of Land is valued at cost and is amortized over its
 estimated commercial life based on the unit of production method.
 (Refer Note No. 1 - XIII (c)).
 
 It has been decided to give retrospective effect to this change also.
 Accordingly an amortization of Rs. 2.24 crore has been provided during
 the period. This change will give a systematic basis of amortization
 charge, representative of pattern of utilization of minerals in which
 the economic benefits flow to the company. Current period profit is
 therefore lower by Rs. 2.24 crore due to this change.
 
 11.  Excise duty on sales amounting to Rs. 679.25 crore (Previous year
 Rs. 425.92 crore) has been reduced from sales in statement of profit
 and loss and excise duty on increase / decrease in stock amounting to
 Rs. (1.07) crore (Previous year Rs. 1.21 crore) has been considered as
 other expenses.
 
 12.  Previous year figures have been regrouped and rearranged wherever
 necessary as also to bring the same in conformity with the current year
 classification under Revised Schedule VI.
 
 13.  In view of extended financial year, the figures for the current
 year are for fifteen months period.
 
 14.  Figures less than 50,000 have been shown at actual, wherever
 statutorily required to be disclosed, as the figures have been rounded
 off to the nearest lac.