1.  Related Party Disclosure
 
 Related party where control exists Subsidiaries
 
 Shriram Asset & Equipment Finance Private Limited (formerly Shriram
 Equipment Finance Private Ltd.(SAEFPL)) (from June 04, 2009 upto
 December 14, 2009)
 
 Shriram Equipment Finance Company Ltd. (SEFCL) (from December 15, 2009)
 
 Shriram Automall India Limited (SAIL) (from February 11, 2010)
 
 Other Related Parties
 
 Enterprises having significant influence
 
 over the Company
 
 Shriram Holdings (Madras) Private Limited Shriram Capital Limited
 Newbridge India Investments II Limited Shriram Ownership Trust
 
 Associates : Shriram Asset Management Company Limited
 
 Key Managerial Personnel : R Sridhar, Managing Director
 
 Relatives of Key Managerial Personnel : Mrs. Padmapriya Sridhar
 (spouse)
 
 2.  Leases
 
 In case of assets given on lease
 
 The Company has given land and building on operating lease for period
 of 11 months. During the year ended 31st March, 2010 the company had
 also given its biomass plant on operating lease for the period 1st
 April, 2009 to 30th September, 2009. The same was sold on October 1,
 2009, hence gross carrying cost of and accumulated depreciation of the
 asset as on the date of balance sheet is nil.
 
 In case of assets taken on lease
 
 The Company has taken various office premises, furniture and fi
 -xtures, computers and plant and machinery under operating lease. The
 lease payments recognized in the Profit & loss account are Rs.
 4,870.72 lacs (March 31, 2010: Rs. 3,557.92 lacs). Certain agreements
 provide for cancellation by either party or certain agreements contains
 clause for escalation and renewal of agreements. The non-cancellable
 operating lease agreements are ranging for a period 12 to 120 months.
 There are no restrictions imposed by lease arrangements. There are no
 sub leases.
 
 3. In accordance with the Reserve Bank of India circular
 no.RBI/2006-07/ 225 DNBS (PD) C.C No. 87/03.02.004/2006-07 dated
 January 4, 2007, the Company has created a fl oating charge on the
 statutory liquid assets comprising of investment in Government
 Securities to the extent of Rs. 16,677.50 lacs (March 31, 2010: Rs.
 3,497. 64 lacs) in favour of trustees representing the public deposit
 holders of the Company.
 
 4. As regards the recovery of Service Tax on Lease and hire purchase
 transactions, the Honble Supreme Court vide its order dated October
 26, 2010 has directed the competent authority under the Finance Act,
 1994 to decide the matter in accordance with the law laid down.
 
 In its replies to the demands of Rs. 7,775 lacs (interest & penalty not
 quantifi ed) for the years 2003-04 to 2009-10 from the Commissioner of
 Service Tax, the management has contended that no service tax is
 leviable on the interest earned by the company on financing
 transactions because of the specific exemption granted for the same
 under the Finance Act 1994.  However, the company shall continue to
 hold the provision of Rs. 8,406.10 lacs in this respect and contest the
 demands with the Appellate Authorities.
 
 5.  In addition to the auditors remuneration shown in operating and
 other expenses, the Company has also incurred auditors remuneration in
 connection with other services provided by auditors in connection with
 public issue of non convertible debentures of Rs. 39.85 lacs (including
 out of pocket expenses of Rs. 0.14 lacs) have been amortised as per
 note 1(p) and shown under miscellaneous expenditure.
 
 6.  Previous year Comparatives
 
 The figures for the previous year have been regrouped and reclassifi
 -ed, wherever necessary to conform to current years classification.